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Showing 41 - 50 of 1429 results for %22Financial Outlook%22

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... the current rate of inflation, on the modern award for light employees, especially the low paid, to meet their basic financial needs," he said. "We have also had regard to the need to avoid entrenching high inflation expectations by taking a perceived ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... holiday period," he explained. Bloxham added the data suggests that high inflation is still broad-based and rates for financial services, insurance, food, non-alcoholic beverages, housing costs, electricity, recreation and culture all passed a peak ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... by Findex and conducted by YouGov, investigating Australians' readiness for retirement and the impact of professional financial advice, revealed a concerning trend; as Australians approach retirement, their confidence in having adequate funds drops. ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... admission has caused further speculation on what might happen next month or in the months to follow, however Felsman told Financial Standard the Commonwealth Bank's view is that the RBA is done at 3.85%. "Our central scenario is that we think that ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... year on year to $13.7 billon. FUA on BT Panorama of $102.1 billion, however, was down 3% year on year. Westpac's financial adviser representatives stood at 6028, down 2% over the period. Westpac's Specialist Businesses division, which was established ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
... close to 3500 globally. "The first quarter was marked by economic uncertainty and market turmoil, particularly in the financial sector," Lazard chair and chief executive Kenneth M. Jacobs said. "Asset Management is off to a solid start for the year. ...

MA Financial buys marinas, launches fund

CHLOE WALKER  |  THURSDAY, 20 APR 2023
The $225 million purchase of d'Albora marina off Balmain Corporation (Balmain) has seeded a new fund for MA Financial, the MA Marina Fund. d'Albora is Australia's largest marina network consisting of 10 marinas located across Australia's eastern seaboard. ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... activity to slow by more, or more rapidly, than forecast. "Members also noted that most households were in a strong financial position and would be able to absorb higher prices and interest rates without needing to materially draw down on their savings," ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... landing - with inflation coming down and growth steady - which have receded amid stubbornly high inflation and recent financial sector turmoil. "Although inflation has declined as central banks have raised interest rates and food and energy prices have ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... flow will continue to disappoint to the downside in coming months and further rate rises won't be justified. Further financial contagion from the banking sector issues also can't be ruled out which would also justify keeping interest rates steady." HSBC ...