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Showing 1801 - 1810 of 17954 results for "Bank"

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

Australia can avoid recession: Outlook

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... pressure) as well as US upstream price pressure slowing will also serve the nation, he believes. Finally, Oliver said the Reserve Bank of Australia has opted to move into the slow lane, keeping the economy on an even keel. "After an initial run of rapid ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... superannuation division to Mercer. In relation to the long-awaited sale of BT Panorama, Westpac said it is reviewing its options. The bank is also focused on geographic simplification, consolidating its Asian operations to one office in Singapore. Also ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
ASIC chair Joe Longo said the market regulator is currently investigating several listed companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% and 4%. Federal Reserve chair Jerome Powell said the Fed is ...

FPA welcomes new board members

CASSANDRA BALDINI  |  WEDNESDAY, 2 NOV 2022
... Financial Services. Prior to that she spent time at KPMG as its director and held a senior adviser role at National Australia Bank. Khao is an advice director for NSW at ANZ, and for the last nine months was the NSW Gen Next chair at the Association ...

Interest rates will jump to slay "the evil of inflation": Lowe

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
At the Reserve Bank of Australia (RBA) board dinner, governor Phillip Lowe expressed that interest rates will need to go higher to bring inflation back to target. After a seventh straight rate rise, whereby the bank lifted the interest rate to 2.85% ...

Central banks to tighten on all sides: BlackRock

CHLOE WALKER  |  TUESDAY, 1 NOV 2022
... pushing inflation back down to their targets, according to the BlackRock Investment Institute (BII). The European Central Bank (ECB) raised rates another 0.75%, and BII expects the Fed to do the same this week. "That's a record pace for the ECB ...

Australian housing slump marches on

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... around likely reflects the de facto tightening that started with rising fixed mortgage rates a year ago, the speed of Reserve Bank of Australia (RBA) cash rate hikes and heightened household sensitivity to rising interest rates flowing from much higher ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... inflation, and a sound level of fiscal policy flexibility compared to most other advanced economies, is that the Reserve Bank of Australia (RBA) has a greater capacity to keep rates lower for longer. "This buys us time to fix some of the issues that ...