In the financial world today, the Australian share market experienced an upswing, NAB reported increased profits attributed to higher interest rates, and Singtel, the parent company of Optus rebounded on the back of positive profit results.

Despite a varied session on Wall Street the previous night, the Australian share market has displayed an upward trend. National Australia Bank has seen a 7.6 percent increase in its annual statutory net profit, and Singapore Telecommunications (Singtel), the parent company of Optus, has reported an impressive 83 percent surge in half-yearly profit. For more in-depth financial news and insights, you can review the day’s updates from our dedicated business reporters on our blog.