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Showing 931 - 940 of 8240 results for "June"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... excluding the volatile food and energy categories, core PCE prices rose 4.6%," he explained. He further mentioned that in June, the 12-month change in the Consumer Price Index (CPI) was recorded at 3.0%, and the change in the core CPI stood at 4.8%. ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... understandably very nervous about, and therefore focused on mitigating, this risk. Regulators are also focused on it. In June, ASIC launched a cyber pulse survey to measure cyber resilience, open to all ASIC-regulated entities for the first time. In ...

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
... superannuation statistics, encircle Super held 7612 member accounts and assets under management of $2.7 billion as of 30 June 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. Centric Super was also ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... trusts. It also wants Hopkins banned from managing corporations. The regulator already had Hopkins' assets frozen in June 2022, as well as those of The A Team Property Group and Sash Investment Holdings, another company owned by Hopkins.

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... lower than the 7% annual rise in March, marking the second consecutive quarter of lower inflation. CPI rose by 0.8% over the June quarter, fuelled by higher rental prices (+2.5%), international holiday travel and accommodation (+6.2%), other financial ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... second half, according to a recent survey by Natixis Investment Managers (Natixis IM). The survey, conducted at the end of June, included the insights of 32 market strategists, portfolio managers, research analysts and economists at Natixis IM and 13 ...

Marriage splits for Australia's richest

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... It comes after the former couple transferred one-fifth of their Fortescue shareholding to the Minderoo Foundation in late June. At the time, they were collectively worth $28 billion. Another major recent divorce among rich listers is that of software ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... the current inflationary environment. According to APRA, Aware Super has about 5800 total defined benefit members, as at June 2022 - less than 1% of its 1.2 million-strong membership. "Through this innovative de-risking solution, we are protecting our ...

Mercer picked to advise Pengana Credit

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... capability, delivers a compelling proposition for Australian investors looking to access global private credit investments." In June, Pengana made its first key appointments to the credit arm and welcomed former JP Morgan and Merrill Lynch executive ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... the year, UBS extended a final lifeline of $4.8 billion to Credit Suisse, leading the two to conclude a shotgun wedding in June.