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Showing 41 - 50 of 3384 results for "Interest rates"

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... Despite assumptions, the stellar results have come at the expense of the Aussie population, who have faced higher interest rates and increased mortgage repayments, PwC Australia banking and capital markets leader Sam Garland said this isn't the case. ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... to the pandemic and with more capital than ever before. This is critical as we enter a period of continued high-interest rates, rising costs and geopolitical tensions," he said. Elliott explained that ANZ carefully managed costs to partially offset the ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... the report, insurers reviewing their investment strategy expressed the most significant concerns as increasing interest rates (61%), inflation (58%), and evolving forward-looking expectations (50%). The report clarified that 90% of insurers mentioned ...

Active funds outperform passive strategies - sometimes

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... passive counterparts over three, five, and 10-year periods by a substantial margin. Amid the recent trend of rising interest rates in most developed markets, active funds have also surpassed passive strategies in the bonds-global category over the past ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

Calastone appoints new local head

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... to the same period in 2021. Lee perceived that policymakers have "taken the punchbowl away," warning that high interest rates are likely to persist for the foreseeable future. This has led to a surge in bond yields and a corresponding downturn in equity ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
The Australian Bureau of Statistics (ABS) released consumer price index data yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting ...

Australian farmland values in decline: Report

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... livestock prices." The report noted the major drivers of farmland values- commodity prices, seasonal conditions, and interest rates- all moved towards settings less supportive of fueling strong demand for land purchases and are expected to continue to ...

Macquarie breaks into top 50 fund manager list

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
... performed relatively better than those from other developed markets in 2022 amidst the market disruption from soaring interest rates and inflation. Macquarie Group took the 48 th spot while IFM Investors sat in 140 th position with US$143.2 billion. ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... twice a year per the anniversary of the loan, up to $50,000 at a time in accordance with the SIS Act. Residential interest rates typically range from 6.99%, and near-prime rates start at 7.69%. Meanwhile, prime interest rates for commercial properties ...