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Showing 1071 - 1080 of 9693 results for "Lowe"

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
The US Federal Reserve raised its policy interest rate by 0.75 basis points to 2.5% and indicated further increases will likely be appropriate. Explaining the decision, Federal Reserve chair Jerome Powell said: "From the standpoint of our congressional ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
Australia's annual CPI inflation grew to 6.1% in the June quarter, slightly below the consensus forecast of 6.3%. Consumer prices rose 1.8% this quarter, again less than the 1.9% forecast. "Annual CPI inflation increased 6.1% in the June quarter ...

Perpetual funds down amid market decline

ANDREW MCKEAN  |  MONDAY, 25 JUL 2022
Perpetual has reported its total assets under management (AUM) have slumped 8% to $90.4 billion in the June quarter. Perpetual Asset Management Australia's AUM was down 16% to $21.3 billion and net outflows for the quarter were $1.9 billion. The ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
Brighter Super will soon have just one suite of investment options, having reviewed and selected the best on offer from LGIAsuper and Energy Super. From August 12, Brighter Super will align all investment options, removing the duplication that has existed ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
An Organisation for Economic Co-operation and Development (OECD) report indicates that Australia's lack of capital gains tax has led to a monumental increase in house prices that have unfairly affected the less wealthy. The report states that between ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... held by high-income households that have the ability to service the debt," Bullock said. Meanwhile, RBA governor Phillip Lowe has stressed that the RBA isn't on a preset path to get to neutral and would instead maintain a flexible inflation targeting ...

Recession a distinct possibility: Natixis

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
Most investment strategists believe that a recession is a distinct possibility over the next six months, with a Natixis survey showing that nearly one-quarter think it's inevitable. "After six months of navigating rising rates, inflation and geopolitical ...

CFA exam results improve

CHLOE WALKER  |  TUESDAY, 19 JUL 2022
The CFA Institute has released its latest exam results, with a promising pass rate of 38% for its Level 1 exam. Of the more than 19,000 candidates worldwide who sat the exam in May this year, a total of 7315 passed. These results are a slight improvement ...

Local ETF industry flows positive, lower FUM: BetaShares

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
According to BetaShares, a combination of sharemarket declines and cautious investors characterised the first half of the year for the local ETF industry. In its half-yearly Australian ETF review, BetaShares noted the industry was far less buoyant in ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... the upside again and the Federal Reserve ends up hiking 100 basis points," UBS said. That being said, RBA governor Phillip Lowe has argued that a 75-basis point move was never on the table as an option. Then again, Lowe once said Australia's inflation ...