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| | | Cost of living pressures and the transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 ... |
| | | | Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ... |
| | | | The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ... |
| | | | Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ... |
| | | | Australian investors are flocking to term deposits and away from equity funds, signalling a shift towards more conservative investment strategies. Plan for Life data revealed that Australian equities funds experienced a decline in net funds inflows ... |
| | | | Morningstar has downgraded four fixed income products following its annual fund manager review. As part of the 2022/23 review, Morningstar completed qualitative assessments of 72 fixed income strategies. As a result, four products were downgraded and ... |
| | | | Clime Investment Management said it will increase investment in its managed accounts capability following strong client demand, while also flagging its first family office consulting mandate. In an update to the ASX, Clime said its total funds under ... |
| | | | The decision by Treasury to appoint former Fair Work Commission president Iain Ross and former AustralianSuper chair Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia ... |
| | | | It is 10 years since more than 1000 people died in the Rana Plaza textile factory collapse in Bangladesh in April 2013. In the intervening years, regulations to improve factory safety has been introduced in Bangladesh, and issues related to worker safety ... |
| | | | The Reserve Bank of Australia's (RBA) call to pause rate hikes rested on a decision to gather more information, it said. The minutes from its April 4 board meeting, where it decided to keep the cash rate at 3.6%, reveal the board extensively weighed ... |
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