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08 May 2023 • By Charbel Kadib • 1 min read

American Express to ‘decommission’ Australian FX offering

EXCLUSIVE The global payments company is downsizing local operations as part of a gradual unwinding of its foreign exchange offering outside the ...

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UniSuper invests $1bn in ‘high-quality’ mobile towers business

The super fund has made its first direct unlisted infrastructure investment in Europe. On Monday, UniSuper announced that it has invested $1 ...

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RBA should be mindful of US banking crisis, warns Oliver

In his market report, AMP chief economist Shane Oliver says the RBA needs to be cautious in the wake of the US banking crisis. Following the ...

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Federal government to establish Net Zero Authority, pledges $400m

The government announced on Friday that it would legislate a national Net Zero Authority and spend $400 million to help manage the transition to net ...

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RBA lowers 2023 inflation forecasts, CBA predicts rate cuts

The Reserve Bank has released its quarterly Statement on Monetary Policy. Australia’s headline consumer price index (CPI) is expected to fall to ...

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Macquarie delivers record profit of $5.2bn, maintains ‘cautious’ stance

The group has attributed its performance to the diversity of its activities and the expertise of its teams. Macquarie Group has posted a record net ...

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ANZ profits surge, dividend up 12%

The major bank has delivered a dividend boost to shareholders off the back of a 22.5 per cent increase in its underlying earnings. ANZ has released ...

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Fed hints at rate peak, weighs in on First Republic takeover

The Federal Reserve’s hiking cycle could be over, with chair Jerome Powell hinting at a halt following the latest rate decision. The Federal Open ...

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‘Aftershocks’ set to follow ‘earthquake’ in US banking system

JP Morgan’s Kerry Craig has shared his outlook for the remainder of the year, including the likelihood of a US recession. More bank collapses are ...

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NAB shares sink over 6% despite ‘strong’ half-year results

NAB feels “well placed” to withstand failures on the global banking scene and projects continued growth. NAB has reported cash earnings of $4.07 ...

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