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Showing 81 - 90 of 1882 results for "GDP"

Australia a top destination for international investment: QIC

ELIZA BAVIN | MONDAY, 28 OCT 2024

... is more than twice that of the global average and US rates of 0.8%. This supports a strong trend growth rate in Australian GDP, which is currently estimated to be 2.3%, compared to US and Canada at 2.1%, and advanced economies in Asia and Europe of around ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA | WEDNESDAY, 23 OCT 2024

... China is a threat today." Meanwhile, China's economic success story, since it opened itself to the world in 1978, saw GDP growth average over 9% per year and lift 800 million people out of poverty, according to the World Bank. Whilst GDP growth has ...

US better positioned to deliver strong returns: UniSuper

ELIZA BAVIN | TUESDAY, 22 OCT 2024

... said it took a lot for other nations to work their way back up after the GFC, with stimulus measures that were around 10% of GDP. "China is throwing around 2% of GDP at the problem. Nobody thinks that's enough and that's why the market is a bit ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN | TUESDAY, 1 OCT 2024

The final budget outcome for 2023/24 came in as a surplus of $15.8 billion - or 0.6% of GDP - for the underlying cash balance - an improvement of $6.5 billion on the previous estimates. The better-than-expected outcome was driven mainly by the payments ...

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN | MONDAY, 30 SEP 2024

... justified tax expenditures would help to close the government's structural budget deficit, which is currently about 1-1.5% of GDP, and it would make our tax system more equitable."

China to raise retirement age from 2025

JAMIE WILLIAMSON | MONDAY, 16 SEP 2024

... out of money by 2035 if nothing is done. It's estimated China's public pension bill is currently more than 5% of its GDP. For men, the retirement age will be lifted from 60 to 63. Meanwhile, women working in blue-collar jobs will see their retirement ...

VanEck to launch defence ETF

ANDREW MCKEAN | MONDAY, 9 SEP 2024

... increasing its defence spending. Budget papers show that by 2033-34, defence spending will reach $100 billion (around 2.3% of GDP), up from last year's record $37 billion or 2% of GDP. VanEck chief executive and managing director Arian Neiron said ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN | WEDNESDAY, 4 SEP 2024

Australian gross domestic product (GDP) rose just 0.2% in the June quarter 2024 and by 1.5% in the 2023-24 financial year, according to the Australian Bureau of Statistics (ABS). ABS head of national accounts Katherine Keenan said: "The Australian economy ...

Generation Development Group profit jumps

ANDREW MCKEAN | THURSDAY, 29 AUG 2024

... with superannuation funds to grow LifeIncome." GDG declared a full-year dividend of two cents per share. Earlier this month, GDP completed the acquisition of shares it didn't already own in Lonsec. Lonsec delivered a 37% and 55% increase in underlying ...

Australia sees jump in zombie companies

ELIZA BAVIN | THURSDAY, 8 AUG 2024

... worldwide, Kearney said. The report found that Australia's wavering economic performance was one reason for the increase after GDP growth declined from 4.27% in 2022 to 3.02% in 2023. The real estate sector was the most affected by economic instability ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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