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Showing 271 - 280 of 6471 results for "Fed"

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
Following the order to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital last month, the Federal Court has ordered both the fund and the entity to be wound up. In response to a petition by ASIC, the court ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
Treasury admits that escalating trade hostilities and risks to the economy are "more significant than expected" as it releases its Pre-election Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
The Australian Financial Complaints Authority (AFCA) will expel United Global Capital's (UGC) membership effective May 31. UGC, which is now in liquidation, began providing financial services, including financial advice, in 2017 to retail and sophisticated ...

Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
Following US President Donald Trump's "Liberation Day" tariffs, major stock indexes on Wall Street dropped as much as 6%, losing $4.9 trillion (US$3.1 trillion) in market value, marking the largest decline since March 2020. VanEck Asia Pacific chief ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

AMP introduces geared retirement options

MATTHEW WAI  |  MONDAY, 31 MAR 2025
AMP's North has worked with Betashares to introduce Australia's "first targeted geared retirement series." Unveiled today, the Betashares Moderately Geared Managed Account Portfolios, now added to North, are designed to increase exposure to defensive ...

Inflation slows, but for how long?

ELIZA BAVIN  |  WEDNESDAY, 26 MAR 2025
The monthly Consumer Price Index (CPI) indicator rose 2.4% in the 12 months to February 2025, according to the latest data from the Australian Bureau of Statistics (ABS). "Annual CPI inflation was slightly lower in February, after holding steady at ...

Labor accelerates defence spending

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
The defence portfolio will grow to $57.6 billion over the next decade as the Albanese government tightens national and economic security amid growing geopolitical tensions. As announced last year, the government will invest an additional $50.3 billion ...

Chalmers boosts Help to Buy scheme, construction sector

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers will boost the Help to Buy scheme and revive the drooping housing construction sector in a bid to build more homes faster and tackle housing unaffordability. As part of the Federal Budget, Chalmers is expanding the Help to Buy ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The 2025-26 Federal Budget revealed the Labor government's first deficit since taking power in 2022. Forecasts for the 2024-25 year were revised to show a $27.6 billion deficit, and forecasts show the deficit is expected to grow to $42.1 billion ...