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Showing 921 - 930 of 11412 results for "Rate"

Economists share their top left field ideas for 2024

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2024
Some of the nation's leading economists shared their Factor-X - also known as an X-factor - for the year ahead at this morning's Chief Economists Forum in Sydney, led by the man who coined the term, industry veteran Don Stammer. Appearing at his 18 ...

Family offices choose private credit: Survey

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Family office chief investment officers across the globe intend to allocate more capital towards private credit this year, according to new research by KKR. The global fund manager's annual Family office survey, now in its seventh year, found that ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... - ending the period with 848,026 members thanks to the successor fund transfer with BT. AustralianSuper saw a net growth rate of 13% to end up with 3.26 million members. Hostplus's membership base grew 10% year on year, adding 161,907 to have 1.76 members. ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Two of the world's major economies fell into recession at the end of 2023. The UK's gross domestic product (GDP) fell 0.3% in the fourth quarter of last year following a contraction of 0.1% in September quarter, according to the Office for National ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
Commonwealth Bank was fined $10.3 million by the Federal Court for its involvement in wage theft which led to $16 million in underpayments to over 7400 workers. The case emerged after the Finance Sector Union (FSU) uncovered the bank's systematic ...

Sydney HNWI drops $24m on EG building

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
... Hill precinct for $23.8 million. The transaction of the Mungo Scott Building totals 3510 square metres and has an occupancy rate of 85%. The multi-tenanted building, which includes EG's own prop-tech business, has a weighted average lease expiry (WALE) ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
The property giant recorded a net loss of $597.2 million, but also managed to secure $9 million in trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total ...

Fund selectors harbour AI bubble fears, affirm belief in its longevity

ANDREW MCKEAN  |  THURSDAY, 8 FEB 2024
Fund selectors, wary of an AI bubble, still believe in its longevity, with some viewing it as an opportunity bigger than the internet, according to a Natixis Investment Managers (Natixis IM) survey. Natixis IM conducted a survey of 500 investment professionals ...

J.P. Morgan Asset Management enhances adviser portal

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... and more importantly, stress test these portfolios across a variety of scenarios - for example, different equity markets or rate environments. This means the conversation between advisers and their clients changes from "what if" into "what to do" which ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on the back of positive inflation data in its first meeting for 2024. Despite inflation registering at 4.1% for the month of December, down from a peak of 7.8% one year prior ...