Chief economist update: Global easingBY BENJAMIN ONG | TUESDAY, 13 AUG 2019 10:29AM
The Reserve Bank of Australia would have to fight rate cuts with rate cuts if it is to preserve the Australian dollar's competitiveness and mitigate the headwinds from a slowing global economy ... even if it means taking the official cash rate to zero.Read more: BOJ, Fed, BOE, QE, Reuters, Abe, Australian House of Representatives, Bank of England, Bank of Japan, Bank of Thailand, Bank Rate, Brexit, Committee, Economics, European Central Bank, Financial Standard, Italy, Philip Lowe, Read Governor Lowe, Reserve Bank of Australia, Reserve Bank of India, Reserve Bank of New Zealand, September of, Serbia, South Korea, TLTRO III, Tokyo, Trump, UK, US Federal Reserve
Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market.
OneVue has made a provision to write down its Sargon receivable by $26 million to just $3.9 million, dragging its first half bottom line to $27 million in losses after tax.
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents.
The multi-asset manager has warned of the effects of climate change on investor's portfolios, urging them to assess a company's "carbon footpath" over eliminating polluters altogether.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|