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Showing 791 - 800 of 11412 results for "Rate"

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... interest rates at least once this year. A lower-than-expected May CPI print was encouraging, but the FOMC still kept its funds rate target at 5.25-5.5% in a unanimous decision. However, the Fed acknowledged "modest progress" to its 2% inflation target ...

BlackRock launches new government bond ETF

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... portfolio efficiency of the bond ETF structure also allows for precise allocation between Australian and global interest rate regimes." BlackRock Australasia iShares and index investments specialist Tamara Stats said with interest rates expected to remain ...

QIC splashes $32m on PEP acquisition

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
Queensland Investment Corporation (QIC) lent $32 million to back Pacific Equity Partners' (PEP) acquisition of ATOM Group, an industrial and safety goods distributor. QIC Private Debt made the transaction via PEP's Fund VII. PEP flagged late ...

Pengana launches new term account

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
... diversified portfolio of highly rated global private credit, named TermPlus. TermPlus aims to deliver reliable income via floating-rate term accounts, with a minimum investment of $2000. Pengana said it believes TermPlus is poised to attract significant ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... delivering industry leading services for members," she said. Cbus reported 320 complaints for the period with a 61.6% resolution rate; 128 complaints progressed to the case management stage and 66 instances were resolved via an agreement. ART had 267 ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... research found that Australia still experiences above average rates of poverty in retirement, coming in at the sixth highest rate in the OECD. The top 20% of income earners receive more than 50% of superannuation tax concessions, the research found. ...

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
The European Central Bank (ECB) cut interest rates by 0.25% to 3.75% - the first decrease in five years. The rate cut affects three key ECB interest rates based on an inflation outlook, the dynamics of underlying inflation, and the strength of monetary ...

Future Fund, QIC finalise new deal

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
Future Fund and QIC reached a deal for an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure. The transaction ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... it still paints a dire picture for Australia's economic path. Annual GDP growth has fallen to just 1.1%, the slowest rate of annual growth in GDP in more than three decades outside of the COVID-19 pandemic. Commonwealth Bank (CBA) head of Australian ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... to achieve a net cost synergy of the originally estimated $3.5 million per annum. It said this would be achieved as a run rate in FY25. "We confirm the previously announced expected revenue synergy of $5.8 million per annum run rate in FY25, capital ...