Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 371 - 380 of 3288 results for "Above"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... higher mortgage rates. Like the sentiment shared by the Reserve Bank of Australia (RBA), Powell said inflation remains well above the Fed's long-term target goal. "Over the 12 months ending in May, total PCE prices rose 3.8%, excluding the volatile food ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... December peak. However, VanEck head of investments Russell Chesler pointed out that trimmed mean inflation remains considerably above the targets set by the Reserve Bank of Australia (RBA), indicating a high probability of the bank implementing a 25-basis ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
Resilient job markets are keeping major economies above water, staring down the threat of a global recession, as well as geopolitical and climate woes. Newly released ABS figures show that Australia's labour market remained strong in June, adding ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... those responsible for the failures have been held to account. "Despite the steep fall in share price, ASX is still trading above where we accumulated the bulk of our position. However, it goes without saying that we should have trimmed the position when ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... said its case to increase the cash rate further was centred on the observations that inflation was forecasted to remain above target for an extended period. "Members noted that several Consumer Price Index (CPI) categories for which inflation was typically ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... service provision would rise," the report said. "Formal care is more costly to the budget because carers are paid at award or above-award wage rates, whereas recipients of Carer Payment are paid a much lower rate." KPMG's proposal aligns with its ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
... process, in comparison to 31% of women. Unsurprisingly, wealth transfer is more top of mind for individuals aged 60 years and above who are most likely of all the age cohorts to have a plan (48%) compared to 26% of those aged 29-59 years and above who ...

CFA exam results begin to normalise

CHLOE WALKER  |  FRIDAY, 14 JUL 2023
The pass rate for the second level of the CFA Institute exam jumped in May above its historic average, marking an impressive turnaround from the below-average rates experienced during the pandemic. Over half (52%) of the 15,895 candidates worldwide ...

European pension fund hands MaxCap $200m

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... desired risk appetite and target returns. The First Mortgage and High Yield mortgage products target net returns of 5% and 8% above the Reserve Bank of Australia (RBA) cash rate, MaxCap said.

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... unique opportunities. "Despite macroeconomic headwinds and a challenging fundraising environment, PEC V has closed well above our original target," said Gale, who is also head of private equity. "This demonstrates that there is an ongoing appetite for ...