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Showing 51 - 60 of 100+ results for "Fed"

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

CFS awards stewardship mandate

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
Colonial First State has appointed EOS at Federated Hermes for proxy advisory services. EOS at Federated Hermes will provide engagement, voting and public policy support for Colonial First State's global equity investments. "We believe that active ownership ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Just over two weeks before the federal election, the Reserve Bank of Australia (RBA) will make a decision on interest rates which could have huge political implications. At present, underlying inflation is well above the RBA's target band and most economists ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Industry Super Australia has unleashed on the loose laws and 'light touch' compliance that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' ...

Investor confidence drops in April: State Street

CHLOE WALKER  |  FRIDAY, 29 APR 2022
... Research, the drops retraced almost all the index gains since the beginning of the year. "The increasingly hawkish stance from the Fed in the face of surging inflation coupled with dampened global growth expectations likely drove aggregate risk sentiment ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
The Consumer Price Index (CPI) rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000. The growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
Macquarie Group has issued an official warning to customers after someone posed as a staff member and swindled a widow out of $760,000. Macquarie Group has said it is aware of a scam using its name to solicit fake term deposit applications through a ...

'We're living in the world China is making': Conference

ANDREW MCKEAN  |  WEDNESDAY, 27 APR 2022
Appearing at the 2022 ASFA Conference this morning, ABC News journalist Stan Grant has echoed the sentiment that China has arrived as a global superpower and probed Australia's tense but necessitous relationship with its largest trading partner. ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

Wayne Swan joins AIST board

CHLOE WALKER  |  FRIDAY, 22 APR 2022
The AIST has announced the dual board appointment of the former federal treasurer and deputy prime minister alongside AustralianSuper executive Sarah Adams. Swan, the chair of Cbus, and Adams, the group executive strategy, reputation & corporate affairs ...