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Showing 1481 - 1490 of 13340 results for "Economic"

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
... balance sheets, combined with the continued reopening of international borders and local economies, will likely increase economic activity," he said. "We expect the Australian economy to expand by 4.5% in 2022 but slow to 2.5% in 2023. On the back of ...

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... taxation, investment, audit, and HR will be invaluable," Sandy said. "As Australia navigates an increasingly complex set of economic challenges, the presence of Nick Sherry will be warmly appreciated by our directors and members." In addition to TWUSUPER ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... portfolio without reinvestment. Powell said: "We will be prepared to adjust any of the details of our approach in light of economic and financial developments."

Aussie private capital on the rise: Report

CHLOE WALKER  |  WEDNESDAY, 4 MAY 2022
... both international and local fund managers. "We believe that private capital will play a key role in the country's economic recovery, due to the sector holding $26 billion in available funds for investment," he said. Private debt was the fastest-growing ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... bank has also increased the interest rate on Exchange Settlement balances from 0% to 0.25%. Lowe said Australia's economic resilience is particularly evident in the labour market, citing the declining unemployment rate and record high labour force ...

Future Fund battles challenging markets

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
Future Fund's investment holdings slipped 1.5% over the three months ended March 31, now sitting just shy of $201 billion. In its latest portfolio update, Future Fund saw a return of 11.8% for the 12 months to March 31, exceeding its target of 9.1%. ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
... nothing." In advocation for an end to the 'wage crisis', the ACTU report recommended the government implement appropriate economic, labour and industrial measures to empower workers. Part and parcel of this empowerment entails workers having the security ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Just over two weeks before the federal election, the Reserve Bank of Australia (RBA) will make a decision on interest rates which could have huge political implications. At present, underlying inflation is well above the RBA's target band and most economists ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... populist and a further disparity of wealth is the last thing this volatile situation needs, Swan said. "This loss of economic equality has driven populist instability in Western democracies like America, France and Britain" he added. Despite having what ...