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Showing 411 - 420 of 4736 results for "Reserve"

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of Australia on 15 December 2022 to review the group's governance framework. The ASX had already introduced several ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... 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 points rise in August. "There remains ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... bank for risk management and governance failures related to the collapse of Archegos Capital Management. The US Federal Reserve has issued Credit Suisse a $394.84 million (US$268.5) fine while the Prudential Regulation Authority (PRA) has hit the bank ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... declined but remain elevated, and monthly growth in nonfarm payroll employment has slowed very gradually since the US Federal Reserve started increasing interest rates in early 2022," Deloitte Access Economics partner Stephen Smith said. It would be ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
UniSuper achieved double-digit returns for FY23, revealing the shares that helped get it there and those that held it back. With more than $120 billion in assets under management, the fund returned 10.3% to members invested in the default Balanced option ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... hosted in August and chaired by ASIC chair Joe Longo, who will be joined by ASIC commissioner Danielle Press and incoming Reserve Bank of Australia governor Michele Bullock. ASIC's initiative follows longstanding industry concerns over the adequacy ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced this morning Michele Bullock will take over as Reserve Bank of Australia (RBA) governor from Philip Lowe in September. Chalmers said the government is proud to announce the ninth governor ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... fact that consumers still have too much excess savings, is leading to excessive consumer spending, suggesting that the Reserve Bank of Australia (RBA) probably needs to hike rates again," Mousina said. Australia's labour market remains tight, with the ...