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09 May 2016 • By • 1 min read

Macquarie Group full-year profit up 29%

Macquarie Group has announced a full-year net profit after tax of $2.063 billion for the 12 months to 31 March 2016, up 29 per cent on the previous ...

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Capital requirements hit bank profits: KPMG

The major banks have recorded an aggregate 3 per cent fall in first-half cash profits as the new capital requirements and a tough operating ...

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Clydesdale demerger weighs on NAB result

NAB has posted a statutory net loss of $1.74 billion as a result of the demerger and IPO of its UK banking business, Cydesdale and Yorkshire ...

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Managed investment trust reforms passed

The government has successfully passed a package of bills to implement the managed investment trust (MIT) reforms through the Senate. Commenting on ...

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New RBA governor announced

Dr Philip Lowe, the current deputy governor of the Reserve Bank of Australia, has been announced as governor Glenn Stevens' replacement

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The perils of China's 'rapidly rising' debt

With a debt-to-GDP ratio of more than 250 per cent, China has very high levels of debt for a developing country – but the risk of a 'Minsky moment' ...

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Australian Unity progresses property fund IPO

Australian Unity will seek to raise up to $155 million if its plan to list its Australian Unity Office Property Fund on the ASX is successful

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Cuts to super tax concessions 'counterproductive'

Last night’s federal budget reduced a number of super tax concessions, but the Financial Services Council has labelled the changes "counterproductive"

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ANZ first-half profit down 22%, dividend cut

ANZ has continued a week of disappointing bank results by announcing a slump in its net profit to $2.7 billion and a 7 per cent cut to its ...

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Weak inflation forces RBA's hand

Reserve Bank of Australia governor Glenn Stevens has pointed to "unexpectedly low" inflation data as the reason for yesterday's surprise cash rate cut

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