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Showing 601 - 610 of 4771 results for "Reserve"

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... the unemployment rate is likely to keep falling towards 3% this year. Chesler added: "This number is likely to worry the Reserve Bank of Australia (RBA)." "With the employment market continuing to tighten markedly and no signs of inflation easing, the ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... market analyst Tony Sycamore said in the months gone past the combination of higher-than-expected US inflation and Federal Reserve rate hikes should have been enough to see Bitcoin fall into an abyss. "However, after initially falling 3% to a low of ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... getting prices under control." To do this Biden promised he'd continue the release of oil from the US's strategic petroleum reserve and persist with putting price caps on Russian oil. Biden also announced that'd he'd urge Congress to enact legislation ...

Sri Lanka announces bankruptcy

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... Further, much like many other super funds, TWUSUPER has also introduced a trustee services fee to establish a trustee reserve. "The [January 1 legislative] changes mean that if TWUSUPER were to face a penalty or liability - even a small fine from a regulatory ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

Ken Henry resigns from ASX board

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... Foreign Affairs and Trade, and the Treasury, as well as the Office of National Intelligence. She began her career at the Reserve Bank of Australia in 1988. Roche said the ASX is fortunate to have attracted a director with Smiths calibre. "She brings ...

Women paid less at every age, rank: Data

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
Australian women in senior executive and chief executive roles at age 55 and over will take home $93,000 less per year than their male counterparts, new data shows. Workplace Gender Equality Agency conducted wages and ages: mapping the gender pay gap ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...