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Showing 771 - 780 of 5389 results for "Federal"

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... government approval and passage of legislation, with the government having approved the signing of the MoU prior to the federal election being called, the funds said. CSC is home to about 500,000 members and $60 billion in funds under management, while ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... and extent of future interest rate increases." This also marks the first time interest rates have been raised during a federal election campaign since 2007. Responding to the RBA's decision, the Labor Party said "it's harder than ever to make ...

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
... out on billions of dollars they've earned because of old-fashioned laws and no effective enforcement." "Along with our federal politicians who could easily fix this problem at its source, the ATO needs to do better than just recovering a dismal 15% of ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... ongoing strong demand contributed to price rises for newly built dwellings. Fewer grant payments made this quarter from the federal government's HomeBuilder program and similar state-based housing construction programs also contributed to the rise," ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... banking login pages about this scam." "We also reported this scam to the relevant authorities, including the Australian Federal Police. "The banking industry has seen a significant increase in scams and fraud in recent years, and unfortunately the impact ...

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 ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...