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09 September 2022 • By Maja Garaca Djurdjevic • 1 min read

‘Time for reflection’: Financial services firms bid final farewell to Queen Elizabeth

Financial services firms have expressed their condolences in the wake of the passing of Queen Elizabeth II. On Friday just before 3:30 am EST, ...

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Strong exports and household spending drive 0.9% quarterly GDP increase

The Australian Bureau of Statistics has released the June quarter National Accounts. Australia’s GDP increased by 0.9 per cent during the June ...

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Magellan FUM drops again in August

The fund manager has released its latest funds under management (FUM) update. Magellan has reported $1.3 billion of net outflows as at 31 ...

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Property price slump to deepen if rates surpass 3%, expert says

The slump in home prices could deepen beyond expectations if the cash rate pushes above 3 per cent, an expert has warned. Currently, AMP’s chief ...

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eToro launches Australian stocks portfolio

EToro has launched its AussieEconomy portfolio enabling users exposure to some of Australia’s best-performing stocks. EToro announced the launch of ...

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AMP loses management rights of ACRT

AMP has lost management rights of ACRT. After a brief halt in trading, AMP on Friday confirmed it has received notice from the majority unitholders ...

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Australian equities extend gains, boosted by energy and materials

The benchmark S&P/ASX 200 was up by more than 1 per cent in August. The S&P/ASX 200 gained 1.18 per cent in August, according to data from ...

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Medium-term returns still strong despite short-term turbulence

It’s now time to refocus on long-term returns, says Zenith Investment Partners. While inflation, interest rates, the war in Ukraine and recession ...

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Link Group reports loss, super sector posts strong member growth

Data administrator Link Group has announced a statutory loss of $67.6 million for financial year 2022.  In an ASX listing on Tuesday, Link Group ...

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Powell vows to stick to restrictive policy 'for some time' despite economic, labour strains

Restoring price stability will likely require maintaining a restrictive policy stance “for some time”, Fed chair Powell has said. In his most ...

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