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Showing 881 - 890 of 7221 results for "Record"

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
Reserve Bank of Australia governor Michele Bullock defended the central bank's use of monetary policy and hiking interest rates amid many challenges that looks to keep inflation at stubborn levels over the next two years. Speaking at the ASIC Annual ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
While the local robo-advice industry flounders, Wealthfront has hit a record high of more than US$50 billion ($77bn) in assets under management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings ...

Pacific Current Group wraps up buyout talks

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
GQG Partners has failed to get support from River Capital to acquire Pacific Current Group (PAC), leading the latter to wrap up the transaction process. PAC will dissolve the independent board committee (IBC) it installed earlier this year to review ...

Rest hires policy lead from HESTA

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... public policy positions, and coordinating engagement with government and relevant stakeholders. "Enrico's strong track record navigating complex policy environments and cultivating positive productive relationships with government and industry stakeholders ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... Commission are so important in terms of the signalling impact they have on the rest of the market," she said. Despite the record high, real wage growth remains in negative territory. "Before the pandemic, we struggled to grow wages above 2%. At that ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 billion, reaching unprecedented highs. PwC attributed the profit success to robust balance sheet growth ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... additional one-off unfranked dividend of 13 cps. ANZ chief executive Shayne Elliott said the robust annual outcome, marked by record revenue and cash profit after a series of transformative years, has empowered the bank to persist in supporting customers ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... above Central Bank targets. In Australia inflation has already been above the RBA target of 2% to 3% year-on-year for a record long 10 quarters, and this looks likely to extend towards five years." UBS added its outlook for Australia is above consensus ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... $48,600 fine for its claims regarding its Balanced Growth investment option, which boasted a 10-year performance track record without proper disclosure of the specific period in question. ASIC contends that HESTA's marketing could have led consumers ...