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Showing 331 - 340 of 4000 results for "Cut"

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... inflationary expectations is too high," he said. "Three of the big banks have not announced a change in their projection for a rate cut and look to be sticking with November, but this looks optimistic today and could look even more so when the June quarter ...

State Street cuts fees on six ETFs

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... Advisors announced management cost reductions on six of its Australian-based ETFs. Effective July 1, management costs will be cut for several ETFs including in international equities, Australian equities, listed property and emerging markets. The SPDR ...

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... cash rate is currently 5.5% while inflation is tracking at 4%. ASB Bank predicts the Reserve Bank of New Zealand (RBNZ) will cut interest rates from early 2025. Its inflation target sits between 1% and 3% over the medium term. "For the RBNZ, today's ...

Early contributions boost retirement balances

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
The superannuation gap of young Australians who contribute to their super earlier, compared to those who take the default contribution option has been confirmed by modelling from advice tech platform Otivo. Otivo's modelling reported that if younger ...

Most traded US stocks revealed

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
The US share market made a comeback in May after a decline in April following moderating inflation data and weak consumer spending offered investors some optimism that interest rate cuts may be around the corner. Trading data from Selfwealth found Nvidia ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Senator Andrew Bragg requested a costing analysis on savings in Commonwealth Rent Assistance (CRA) anticipated from the Coalition's proposed super for housing policy. This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% ...

Global X cuts management fees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Global X ETFs will reduce the annual management fees for its Global X 21Shares Bitcoin ETF (Cboe: EBTC) and Global X 21Shares Ethereum ETF (Cboe: EETH), effective July 1. Both Australian-listed cryptocurrency products will see a reduction from 1.25% ...

Platinum shutters London operations, UCITS funds

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2024
Platinum Asset Management has shuttered its London office following the closure of its Platinum World Portfolios. Platinum World Portfolios (PWP), which comprised Platinum's International, Asia ex Japan, Japan and Health Sciences strategies, were UCITS ...

HESTA awards global private equity mandate

ANDREW MCKEAN  |  WEDNESDAY, 19 JUN 2024
HESTA has issued a $250 million global private equity co-investment mandate to Stafford Capital, dubbed QP4. Stafford's Australian private equity lead Daniel Bowden said that this strategy seeks to tap into smaller deal sizes, providing access to a ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... RBA is convinced that its current trajectory for the return of inflation to target is secure. "That argues for a policy rate cut toward the end of the year or sometime in the first half of 2025," Miller said. "A sharper than anticipated slowdown resulting ...