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Showing 1 - 10 of 207 results for %22Glenn Stevens%22

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... group said it had a $10.8 billion surplus in capital, down from $12.6 billion in the prior quarter. Macquarie chair Glenn Stevens noted Macquarie's record profit of $5.2 billion was an exceptional outcome. "While last year's record result was partly ...

Macquarie appoints directors to bank board

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
At its annual general meeting today, Macquarie Group chair Glenn Stevens provided a board update, including the introduction of three bank-only, non-executive directors (BOND) to the Macquarie Bank board. Stevens stated that, as previously noted to ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne. Stevens' appointment and Warne's retirement as a voting director on both boards will be effective in May 2022, following the ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... reaches an annual rate of 3.0% -- the rate at which it begins to take inflation up. The growth in wages is the key. Recall Glenn Stevens' declaration when at the helm of the RBA: "As wages are the largest component of business costs, the outlook ...

Top economist Don Stammer to fund UNE scholarship

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2021
... department of the Reserve Bank of Australia. The same year, I recruited a talented young graduate of Sydney University, Glenn Stevens," Stammer said. "I had no role in their later appointments to the position of governor - but in my view, each provided ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... again to 1.5% in August of the same year. Eighteen months on -- the time back in August 2014 when then RBA governor Glenn Stevens told the House of Representatives Standing Committee on Economics that he has done enough: "You can't make people be ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... except blow a bubble into the stock and property markets (which would create a new set of problems). In ex-RBA governor Glenn Stevens' parlance, the RBA has allowed the horse to come to the water of cheap funding, but it still refuses to drink. Certainly ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... to a record low 0.75%; and the government tax rebates implemented in July. Five years earlier, then RBA governor Glenn Stevens declared that: "I've allowed the horse to come to the water of cheap funding, I can't make it drink" after cutting ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... weakness in household spending (due to the high level of household indebtedness), perhaps not. Former RBA governor Glenn Stevens had already spoke about this way back in 2014 (mind you, that was before Trump and his trade wars and after he cut interest ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... helps explain the seeming impotence of the RBA's rate cuts so far - from five years ago when then RBA chief Glenn Stevens declared that, "I've allowed the horse to come to the water of cheap funding, I can't make it drink". And it's still ...
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