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Rate hike expected, more to come: economists

AAP | WEDNESDAY, 3 DEC 2003

... had started a process of rate hikes, with another move up expected early next year, Commonwealth Bank chief economist Michael Blythe said. UBS chief economist Scott Haslem said RBA might be more comfortable about the outlook for credit growth given higher ...

RBA to hike rates to 5.25 per cent next week: economists

AAP | FRIDAY, 28 NOV 2003

... consumer confidence data, plus an improving global economy, should see a rate hike. Commonwealth Bank senior economist Michael Workman said the RBA seemed fairly keen to restore cash rates to a neutral position, which is around 5.50 per cent by Febru ...

BT strengthens distribution team

... bolstered it distribution team two key appointments. It has appointed Don Sillar as director of wrap distribution, while Michael Bailey in a newly created specialist role focusing on the distribution of BT 's Multi Manager portfolios. \"As director of ...

InTech appoints prominent super expert to board of directors

... Master Trust and establishing an industry standard for superannuation administration software. InTech chief executive Michael Monaghan said that the asset consultant remains very pleased with the appointment of Mr Cook to its board. \"Bruce's entrepreneurial ...

Greater fiscal discipline needed: OECD

... expenditures slated to increase during the election year. "The OECD data is uncontroversial," said Icap Senior Economist Michael Thomas. "The economic data of the OECD is usually sourced from the RBA anyway and does not present any major anomalies or ...

Morning Market Wrap: Dollar opens weaker

... The local unit reached a high of $US0.7205 and a low of $0.7165 in offshore trade. National Australia Bank strategist Michael Jansen said the Australian dollar traded in a tight range overnight and joined other currencies in failing to respond meaningfully ...

Jail, rather than fines, needed for corporate crime, says lawyer

... to curb corporate crime, a leading South Australian business lawyer said on Friday. South Australia insolvency lawyer Michael Barrett said the Gordon Gecko "greed is good" motto is alive and well in many areas of business. He told the CPA annual meeting ...

Two new appointments to BT distribution team

... of a new position focussing on the distribution of the group\'s multi-manager portfolio, and which is to be filled by Michael Bailey. Mr Bailey was previously at MLC for over 13 years, where he worked in the group\'s institutional and retail distribution ...

Morning Market Wrap: Dollar stronger after hitting new six-year high

... The local unit reached a high of $US0.7190 and a low of $0.7125 in offshore trade. National Australia Bank strategist Michael Jansen said the Australian dollar surged against the US dollar, in line with a stronger euro amidst news of European and global ...

Afternoon market wrap: Shares, bonds close down

... weakness was compounded in the run up to the release of the RBA's policy statement. But National Australia Bank strategist Michael Jansen said prices lifted off their lows on the less hawkish than expected statement. "It seemed to me to read pretty much ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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