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Showing 1141 - 1150 of 14210 results for "Interest"

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... year. CBA said Australians had accrued around $300 billion in additional savings during the period, as a result ultra-low interest rates and lockdowns reducing spending. "Australian households are generally net savers, as evidenced by a positive savings ...

TelstraSuper fields influx of merger offers

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
After announcing in May that it is looking to merge, TelstraSuper has received "a high level of interest" from its peers. In an update on the merger process, TelstraSuper said its board is currently considering information provided by a range of superannuation ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

Trump victory will jostle trade war, interest rates: Morningstar

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
The potential re-election of Donald Trump will likely jostle inflation and interest rates, and stoke further trade wars with China, according to Morningstar. If Trump wins in November, Morningstar director of equity research for Australia and New Zealand ...

Assembly Funds Management seeks $100m

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
... chief executive Michael Gutman said. "We would expect to see a rebalancing from debt to more equity transactions as the interest rate reduction cycle progresses, improving the risk return profile for equity over debt." AFM invests largely in living ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... in 2022 to 3.02% in 2023. The real estate sector was the most affected by economic instability, inflation, and rising interest rates, while the travel and tourism sector saw a decline in zombie companies due to a post-pandemic recovery. Smaller companies ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... seven claims which we've got, all but one of them are above the $150,000 cap. So, it's in the claimant's best interest for the insurer to pay the full amount versus us stepping in and making the claim up to $150,000," he said. While AFSLs ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... were higher than the increase in the CPI," Marquardt said. Insurance and financial services, which includes mortgage interest charges, and food and non-alcoholic beverages were the main contributors across all household types. Housing also contributed ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what ...

Chalmers 'confident but not complacent' on economic prospects

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... we've seen has been driven by weaker than expected jobs growth and tech earnings in the US, as well as rising Japanese interest rates impacting Asian markets as well. Australia's not immune from these global developments," Chalmers said at a press conference. ...