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Showing 761 - 770 of 14040 results for "Down"

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
Yesterday's CPI data - which showed trimmed mean inflation has remained stubbornly high - put the final nail in the coffin for those hoping for an interest rate cut in 2024. Commonwealth Bank head of Australian economics Gareth Aird was one of the last ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... free childcare," ABS head of prices statistics Michelle Marquardt said. "Annually, the September quarter's rise of 2.8% was down from 3.8% in the June quarter. This is the lowest annual inflation rate since the March 2021 quarter." However, despite inflation ...

CommSec names new chief economist

ELIZA BAVIN  |  MONDAY, 28 OCT 2024
CommSec has named Ryan Felsman as the new chief economist after Craig James announced he would be stepping down after more than 22 years with the firm. Felsman has been with CommSec since 2017 as senior economist. Prior to that he worked at Colonial ...

Australia a top destination for international investment: QIC

ELIZA BAVIN  |  MONDAY, 28 OCT 2024
... debt imbalance measures, Australia ranked 15 th with a slightly negative debt imbalance index score. "Australia is weighed down by its net foreign debt position, which sits at 32% of GDP. This offsets a favourable public sector debt position where gross ...

Major global trends impacting advisers

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
High interest rates (70%), economic downturn and inflation risks (both 68.8%), and the impact of central bank policy (61.3%) usurped any concerns about this year's election cycle for Australian financial advisers and investors, according to this year's ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... billion. However, the result was offset by $768 million in net outflows and pension payments of $340 million. Breaking it down, Insignia said reduced hiring across its employers in the Workplace segment impacted inflows in the quarter, coming in at $49 ...

Westpac appoints acting head of wealth

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... financial officer since 2014, before his decision to leave the bank in 2019. After then-chief executive Brian Hartzer stepped down, King was brought back as acting chief executive in 2020 and was promptly confirmed by the board to stay on in the role ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... subject to change-potentially influenced by factors such as insolvency or restructuring. The de-risking strategy also comes down to timing, dependent on available capital and favourable market conditions, such as a normalised interest rate environment ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... Australian Naval Nuclear Power Safety Bill 2023 through both houses of parliament without debate. The bill essentially lays down the framework to promote and regulate the nuclear safety aspects and certain activities relating to building the warships ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... consumers' best interests and inappropriate to their circumstances. It was ordered to pay $900,000. Justice Downes said in handing down the ruling at the time: "Such an amount will serve the public interest by deterring future contraventions by Ultiqa ...