Oz home prices head down under

The country is facing a myriad of difficulties as the war in the Middle East remains unresolved, with the IMF watching closely.

The long-serving Societe Generale executive has most recently led the French bank’s global markets business in Japan, and will succeed Bruno Gaussorgues, who is taking on a group head role at the bank.

The oil price has surged to $82 a barrel amid disruption in the Strait of Hormuz as Iran responds with multiple missiles across the Middle East after the US and Israel launched strikes on Iran over the weekend; the UAE has closed its stock markets for two days.

Japan's borrowing costs hit a 30-year high after the US Fed chair used more hawkish rhetoric; oil prices are up again as hostilities resume in the Middle East.

The former Nomura, UBS and Deutsche Bank banker brings more than 25 years of global M&A and strategic advisory experience.

Tanar is currently ANZ country head for Germany and will replace Mitchell Mason; the bank sees growth opportunities across markets, financial institutions and DCM.