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Showing 121 - 130 of 1266 results for "UPS"

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
The Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35% in June but would not rule out another hike in the future. The RBA board noted that inflation had fallen substantially since its peak in 2022 but said recent federal and ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
The rapid expansion of artificial intelligence (AI) applications in the financial advice industry has led to a prediction that ASIC could soon incorporate AI into its compliance and audit checks of advisers. Financial technology firm Padua envisions ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The Reserve Bank of Australia (RBA) will almost certainly leave the policy rate unchanged when it meets next week, according to economists. GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the ...

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
The European Central Bank (ECB) cut interest rates by 0.25% to 3.75% - the first decrease in five years. The rate cut affects three key ECB interest rates based on an inflation outlook, the dynamics of underlying inflation, and the strength of monetary ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
While the 0.1% increase in quarterly GDP was in line with experts' expectations, it still paints a dire picture for Australia's economic path. Annual GDP growth has fallen to just 1.1%, the slowest rate of annual growth in GDP in more than three ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The higher-than-expected monthly CPI data for April could mean the Reserve Bank of Australia's (RBA) hands are tied when it comes to higher-for-longer interest rates. Annual growth in the non-seasonally adjusted CPI lifted from 3.5% to 3.6% in April ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... reversed the order effective March 27 following concerns from stakeholders about the unintended impacts, particularly start-ups' inability to raise finance from small-scale investors. Australia's start-up community is raising similar alarm bells as the ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
The Reserve Bank of Australia (RBA) board has confirmed it discussed both leaving interest rates unchanged and a hike at its May meeting. The board minutes were in line with messaging from RBA governor Michele Bullock, who spoke at a press conference ...

ISPT to divest $250m in super prime assets

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
ISPT will bring three super prime assets to market in Sydney and Brisbane, in a move it says demonstrates its optimism in the Australian logistics sector. JLL and CBRE have been appointed to market the assets with an expected price of more than $250 ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
While the US is at the forefront of financial advisers leveraging the best technology available, Australia's advice industry cannot be left behind and should learn from the blueprint it has laid out, investment experts told the Stockbrokers and Investment ...