Chief economist update: Will Australia avoid another global recession?BY BENJAMIN ONG | FRIDAY, 16 AUG 2019 9:31AM
As I've ranted many times before, the problem in today's world isn't the cost of borrowing but the general uncertainty that's preventing businesses from investing and consumers from consuming.Read more: US, Employment, Business, EU, Japan, China, QE, Will Australia, Australians, Brexit, ECB, Fed, Germany, Iran, Italy, Lucky Country, Mexico, Morrison, National Accounts, National Australia Bank, RBNZ, South Korea, Trump, Wall Street Journal, Westpac/Melbourne Institute
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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.
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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.
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