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04 May 2022 • By Maja Garaca Djurdjevic • 1 min read

AvSuper and Commonwealth Superannuation Corporation explore merger

AvSuper and Commonwealth Superannuation Corporation have inked an MoU to determine whether a merger of the two organisations would be in the best ...

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ANZ reports statutory profit of $3.5bn

The big four bank has released its 2022 half-year result. ANZ has reported statutory profit after tax for the half-year ended 31 March 2022 of $3.5 ...

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Major banks unable to meet commitment to modernise direct debits

According to the Reserve Bank (RBA), several major banks will not be able to meet the current timeline for the launch of the PayTo service

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Private capital contributes $54bn to the Australian economy

Australia’s private capital industry contributed 2.6 per cent of the nation’s GDP in 2020. A new report by EY commissioned by the Australian ...

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EOS at Federated Hermes appointed by CFS for stewardship services

The wealth management group confirmed the appointment this week. EOS at Federated Hermes has been appointed by Colonial First State (CFS) to ...

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AGL recommits to demerger following Cannon-Brookes acquisition

AGL Energy is determined to go ahead with the planned demerger despite Mike Cannon-Brookes' purchase which has made the tech billionaire the company’s ...

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RBA asserts independence by lifting rates ahead of federal election

Tuesday’s rate hike has been perceived as a show of the RBA’s independence. As a result of inflation levels not seen since the introduction of the ...

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Dexus reports 'better-than-expected' outcomes across business

Dexus transacted $2.1 billion worth of properties in quarter ended 31 March. Dexus has upgraded its guidance to deliver distribution per security ...

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Global asset manager launches first NFT collection

The firm has announced it will release 1,000 NFTs this week. VanEck has announced the launch of a collection of non-fungible tokens (NFTs) in what ...

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How far will housing prices tumble?

A rate hike in May is expected to trigger an earlier than expected decline in prices outside of Sydney and Melbourne, CoreLogic has said

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