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Showing 1 - 10 of 594 results for "IMF"

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... action began on 9 October 2017, whilst the Baron class action started on 2 July 2018. ASX-listed Omni Bridgeway (formerly IMF Bentham) funded the 2017 shareholder class action against CBA together with Maurice Balckburn Lawyers. Justice David Yates said ...

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF). Australia's budget balance was -0.9% of GDP in 2023, surpassing advanced economies like Germany, Japan, the United ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... recession with the RBA holding the cash rate at 4.35% until at least 2025." This comes as the International Monetary Fund (IMF) urged global central banks to "stay vigilant" against the threat of inflation. "A sense of optimism has pervaded financial ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... income inequality is rampant among 64 out of 106 counties that receive grants or loans from the International Monetary Fund (IMF) and World Bank. Income inequality in Ghana, Honduras, Mozambique, and 39 other countries stood at high levels. The rapid ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
The International Monetary Find (IMF) has raised concerns over the growing private credit market, which topped US$2.1 trillion in assets and committed capital globally last year. The private credit market, which specialises in non-bank financial institutions ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... phenomenon, and Japan has been a pioneer in developing new policy tools that have since been implemented around the world," the IMF said. "We now think this period is coming to an end. The output gap closed in mid-2023, meaning that demand is now aligned ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... economic growth is slowing due to tighter macroeconomic policies and financial conditions, but the International Monetary Fund (IMF) maintains a robust outlook. In an annual review of Australia's economy, the IMF reported a decrease in economic growth ...

Government must revise infra pipeline: Chalmers

CASSANDRA BALDINI  |  MONDAY, 6 NOV 2023
... $33 billion. During an interview with the ABC, Chalmers concurred with a warning issued by the International Monetary Fund (IMF) last week, saying the idea that governments should consider delaying or cancelling infrastructure spending as a measure to ...

Global economy 'remarkably resilient', faces growth challenges: IMF

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... resilience" stemming from a strong demand for services and "tangible progress" in combatting inflation, International Monetary Fund (IMF) managing director Kristalina Georgieva said. In a speech in Abidjan, Ivory Coast, Georgieva expressed optimism for ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' Meeting and International Monetary Fund (IMF) World Bank 2023 Spring Meetings, Chalmers said the government is putting "finishing touches" on the budget which is due ...
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