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Showing 981 - 990 of 14210 results for "Interest"

Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
The Federal Reserve cut interest rates overnight, in line with market expectations, but chair Jerome Powell faced a raft of questions over President-elect Donald Trump returning to the White House. The Fed continued its policy easing cycle with a 25 ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... themselves. "Some things have come up... I don't think and the commission's view is that the membership is not a conflict of interest," Longo reinforced. Pocock responded: "Do you not think that you need to manage perceived conflicts of interest, which ...

NAB profits, earnings slide

MATTHEW WAI  |  THURSDAY, 7 NOV 2024
... stagnant, inflation is headed in the right direction and is optimistic that it will stabilise in the next year, with interest rates to also start falling. "While I believe the next move in interest rates will be down, they remain elevated and together ...

Trump tariffs cause for concern among Australian investors

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
Former and now incoming US President Donald Trump secured his victory in the US federal election, and with concerns over his proposed tariffs, Australian investors may feel the brunt of his policies. The main concern for Australian investors now is ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
The Federal Court has dealt ASIC a legal blow, dismissing its case against former Dixon Advisory director Paul Ryan and ordering the corporate regulator to cover his legal costs. The regulator accused Ryan of contravening his statutory duties as a director ...

Interest rates to remain on hold for some time

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at the November meeting, with the board indicating there are no plans for that to change anytime soon. "Headline inflation has fallen, but underlying inflation is still too high. ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... position." King said the bank's CET1 capital ratio of 12.5% is one of the strongest he's seen in 30 years. Net interest income increased 2% year on year, while non-interest income was $2.8 billion, down 15% from the year prior, impacted by the ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... highest priority given the seriousness of the alleged misconduct and the potential for the alleged conduct to impact the interest payments of the Commonwealth on the bonds issued and therefore Australian taxpayers," he said. ASIC launched an investigation ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... trades valued at about $12.5 billion (US$8.2bn). Principal trades are generally banned to avoid undisclosed conflicts of interest, the SEC explained. In order to conduct the trades, the SEC found that a JPMIM portfolio manager directed an unaffiliated ...

Cbus names chief strategy officer

ELIZABETH FRY  |  FRIDAY, 1 NOV 2024
Former Industry Super Australia chief Bernie Dean will permanently lead strategy and corporate affairs at the $94 billion Cbus. The industry stalwart has been appointed chief strategy officer after acting in the role since July 2024. In welcoming his ...