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Showing 1231 - 1240 of 11817 results for "Price"

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... rise in premiums has been unavoidable for some member cohorts to ensure the cost of providing insurance is reflected in the price," Arter said. He added that the fund is committed to keeping premiums as low as possible. The changes to insurance premiums ...

ETF Securities to win Australian crypto ETF race

ANDREW MCKEAN  |  TUESDAY, 10 MAY 2022
... billion from its US$1.1 trillion peak in October 2021. Over the last five days, the digital asset has also experienced a 15% price decline and is down 51% from its all-time highs.

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Magellan offloads GYG stake

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... According to an ASX statement, Barrenjoey intends to seed an investment trust comprising high-net-worth individuals. The sale price represents a 36.3% profit on the initial investment, or $34 million pre-tax. Magellan only acquired the stake in January ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... Powell added the Fed is highly attentive to the risk high inflation poses and was strongly committed to the restoration of price stability. Of note, inflation is at its highest level in 40 years, sitting at an eye-watering 8.5% as of March 2022. However ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... rate changes for owner-occupiers to the tune of 0.25% effective later this month. In a sign of further trouble, T. Rowe Price associate portfolio manager of dynamic global bond strategy Scott Solomon said: "The language is indicative of several rate ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
The Consumer Price Index (CPI) rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000. The growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
... Increases to energy prices since 2020 have been the largest since the 1973 oil crisis, the World Bank noted, and food commodity price increases and fertilisers have been the largest since 2008. Russia and Ukraine are large producers of food commodities ...

Australian economy outperforms: Austrade

CHLOE WALKER  |  WEDNESDAY, 27 APR 2022
Australia is set to become the world's 12 th largest economy in 2023, according to data highlighted in Austrade's latest report. The data, sourced by the International Monetary Fund (IMF), also suggests that nominal GDP will be around $2.4 trillion. ...

Elon Musk buys Twitter for $61.4bn

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
... will receive US $54.20 in cash for each share of common stock that they own at the completion of the deal. The purchase price represented a 38% premium to Twitter's closing stock price on 1 April 2022. The deal also stipulated that Twitter would ...