Chief economist update: RBA heading to zeroBY BENJAMIN ONG | WEDNESDAY, 7 AUG 2019 10:00AM
As expected, the RBA kept interest rates on hold at 1% following its back-to-back cuts in June and July. However, financial markets still expect another cut come November.Read more: US, China, Treasury, Trump, America, Beijing, Economist, Law, Murphy, August Board, Fed, Financial Institutions Forum, IMF, Mark Sobel, Official Monetary, Reserve Bank of Australia, Washington, Yes Virginia
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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