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

Search Results

Showing 541 - 550 of 6260 results for "Cash"

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... inflation to target in 2026, while preserving as many of the gains in employment as possible'," Allen said. "Leaving the cash rate on hold in June saw the board still convinced the evidence was there that inflation could return to target in a reasonable ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... over inflation. Recent months have largely played out in line with our expectations that core inflation would be sticky and cash rates would be higher for longer," Lill said. However, companies with strong balance sheets, higher profitability, and strong ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... shares, international shares, private equity, infrastructure, and fixed interest. It also reduced its exposure to credit and cash holdings. AustralianSuper also updated its fees and costs for investments and transactions, impacting the overall annual ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... 59.9% on a constant-currency basis to US$74 billion, due to CSL's acquisition of Vifor and BHP's dividends exceeding free cash flow significantly. Interest costs rose by 24.5% and are expected to rise more sharply in the current financial year, reflective ...

BlackRock acquires Preqin in $4.8bn deal

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
BlackRock has agreed to acquire Preqin for £2.55 billion or approximately US$3.2 billion ($4.8 billion) in cash. BlackRock said bringing together Preqin's data and research tools with Aladdin's complementary workflow capabilities in a unified platform ...

Australian wealth rises to $16.2tn

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... below 5%," he said. "In addition, many private credit loans are floating rate and returns can increase with changes in the cash rate or bank bill swap rate." Keith added that with inflation remaining sticky, the increased possibility of a rate rise in ...

Partners Group launches private infra fund

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2024
... opportunities and focuses on capex-intensive infrastructure assets and businesses with contracted, regulated, or recurring cash flows; leading market share; high barriers to entry; and low risk of disruption. Partners Group currently manages $4.5 billion ...

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... demand for housing, contributing to an annual increase of 5.1% in rents for new tenancies in March 2024. New Zealand's cash rate is currently 5.5% while inflation is tracking at 4%. ASB Bank predicts the Reserve Bank of New Zealand (RBNZ) will cut ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... between 2006-2020. Around one in five households experienced each of two financial stress indicators: 20.7% of households had cash-flow problems and 18.7% of households couldn't raise $2000 within a week. Additionally, more than half of Australians are ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... assets under management. A report by KPMG found that size of the fund by membership does not always correlate to strong net cash flows, noting that HUB24 with less than 100,000 members, for example, reported $5.4 billion of inflows in FY23. In APRA's ...