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

Search Results

Showing 581 - 590 of 3289 results for "Above"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... AiG Performance of Manufacturing index rose to a new series high of 63.2 points in June for its ninth straight month of above-50 reading indicating expansion. All seven activity indicators registered readings indicating expansion. This contrasts with ...

Homebuyer schemes speed up saving time

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
... average. CoreLogic estimated that there were around 126,320 listings advertised for sale in the three months to June, 7.9% above the previous five-year average for the June quarter. However, in the same period, there were 167,450 sales nationally. This ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... pandemic-induced recession in the March and June quarters of 2020 - taking the annual growth in GDP up to 1.1% and national output above the level it was before the coronavirus struck. Australia's labour market stats indicate that economic growth ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... education, compliance regimes and products, like income protection, have made it impossible for some advisers to keep their head above water. The gradual reduction in commissions has forced many out of the industry. On 1 January 2020, upfront commissions ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... 5.5% in the June quarter from the 4.25% estimated in May and forewarned that "CPI inflation is expected to pick up further above the target... and is likely to exceed 3%", the BOE expects that this will be transitory as the impact of higher energy and ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... price of Australia's biggest commodity export - continue to underpin the Lucky Country's economy. Iron ore broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on the 6th of May this year and is currently ...

Australia among the richest nations

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... research found a huge disparity in the distribution of average wealth. Nations that recorded the highest wealth per adult (above US$100,000) are located in North America, Western Europe, and among the richer parts of East Asia, the Pacific and the Middle ...

Coolabah lists fund on Chi-X

KANIKA SOOD  |  MONDAY, 21 JUN 2021
... unlisted strategy has returned it has returned 5.35% per annum after retail fees, since March 2017 inception. "That's 1.37% above the Composite Bond Index's 3.98% per annum return. It ranks in the top two strategies in Mercer's Australian ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... only that, despite the recent lockdown in Melbourne denting consumer confidence in June, the reading of 107.2 remains well-above its long-term average of 101.4 and is 14.5% higher than it was a year earlier. As per Westpac, "Jobs confidence' is still ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... somewhat sooner than previously projected; the median projection for the appropriate level of the federal funds rate now lies above the effective lower bound in 2023." "Of course, these projections do not represent a Committee decision or plan, and no ...