Daily economic updateBY BENJAMIN ONG | WEDNESDAY, 3 MAY 2006 12:29PMThe Reserve Bank of Australia (RBA) finally put to rest market speculation over monetary policy by raising the official cash rate by 25 basis points to a five year high of 5.75 per cent. The RBA last lifted interest rates in March 2005. |
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Frontier awards custody mandate for ICIO offering
|Frontier Advisors has awarded a custody and administration mandate for its independent chief investment officer offering to the Australian market.
Alexander Funds names new chief executive
|Alexander Funds has named a new chief executive, hiring from Australian Unity and set to take on the role September 7.
Soul Patts to pocket $1.89bn from Brickworks divestment
|Washington H. Soul Pattinson & Co is set to receive $1.89 billion after agreeing to divest its stake in Brickworks' industrial joint venture property trusts to Goodman Group, freeing up capital for future investment opportunities.
ASIC expands list of super lead generation entities
|ASIC has names 19 additional entities involved in superannuation lead generation activities as part of an ongoing review into business models that may encourage consumers to switch super funds unnecessarily or inappropriately.
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
