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08 June 2023 • By Charbel Kadib • 1 min read

Australian banking outlook ‘deteriorating: Fitch

Share markets have been rattled by the ratings agency’s decision to downgrade the outlook for Australian and New Zealand banks. Fitch Ratings has ...

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ETF provider follows in competitors’ footsteps, announces fee reduction

An ETF provider has reduced fees on its flagship Australian shares ETF after two of its competitors made similar moves earlier this year

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AMP announces sale of SuperConcepts

AMP has announced the sale of SuperConcepts. In a statement on Thursday, AMP confirmed it has entered into an agreement to sell its self-managed ...

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‘Our patience has a limit’: Lowe defends hawkish rate turn

The Reserve Bank cannot “sit idly” as inflationary pressures build, governor Philip Lowe has said following the latest hike to the cash rate

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Women in finance hindered by promotional bias, data shows

Recent figures have pointed to a significant gender discrepancy in promotional outcomes in financial services. New research from Ardea Investment ...

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Latest GDP figures revealed amid mounting uncertainty

The latest national accounts data has shed light on the trajectory for the Australian economy, which observers increasingly expect to slip into ...

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RBA wage ‘fright’ fuels hiking bias, recession fears mount

The Reserve Bank has retained its monetary policy tightening bias, remaining open to future hikes despite risks the economy would be “knocked” off the ...

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RBA delivers highly anticipated June rate decision

The central bank has announced its official cash rate decision amid signs of a resurgence in inflationary pressures. The Reserve Bank of ...

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Sequoia confirms Morrison divestment

The firm has confirmed the sale of 80 per cent of its equity interest in Morrison Securities to New Quantum. In an ASX listing this week, Sequoia ...

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Magellan FUM shrinks again

The fund manager released its monthly funds under management (FUM) update, which showed slightly lower net outflows than over previous months

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