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24 November 2024 • By [email protected] • 1 min read

Pace of rate hikes ‘really doesn’t matter’: RBA

The pace of monetary policy tightening from the central bank “really doesn’t matter”, Reserve Bank representatives have told a parliamentary hearing

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Payment redirection scams continue to climb

ASIC is urging businesses to be wary of payment redirection scams after the ACCC revealed micro and small businesses had been affected by them the ...

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Payments system review proposes new role and powers for federal Treasurer

A report on Australia’s payment processing systems has advocated the introduction of new powers that would allow the federal Treasurer to influence ...

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Pendal posts FUM fillip as Perpetual deal closes

Multibillion-dollar FUM growth has been recorded across the ASX-listed investment manager's global portfolio over the last quarter of its operation as ...

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Perpetual AUM bolstered by Pendal takeover, equities rebound

The group’s new-look business has been buoyed by the acquisition of Pendal Group and the early-year recovery across equities markets. 

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Perpetual knocks back ‘unsolicited’ takeover offer

The ASX-listed wealth management firm has rejected an indicative takeover offer from a private equity consortium.

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Perpetual rejects improved takeover bid

The wealth management company has brushed off a second “unsolicited” takeover proposal in just a week. 

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Perpetual shares dive as court empowers Pendal

A Supreme Court ruling has broadened the remedies available to Pendal Group in the event of a withdrawal of Perpetual’s takeover offer. 

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Perpetual, Pendal agree on terms of revised takeover offer

The wealth management companies have struck a new deal, which includes a reduction in the cash component and an increase in the scrip consideration

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PMI data paints ‘gloomier’ global economic picture: IMF

The results of the latest survey of supply chain managers across the globe suggests a dimmer global economic outlook than initially anticipated, ...

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Population ‘shock’ threatens inflation outlook: HSBC

The recent surge in population growth has been flagged as an understated upside risk to the inflation outlook and the trajectory of monetary policy.

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Productivity Commission calls for ‘systemic transition’ of tax system

Reforming the tax system, abolishing investment visas, and facilitating climate change adaptation decisions are among a raft of new recommendations ...

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Property price growth expected to fall 17% in 2022

Experts say that the runaway growth of Australia’s housing market is coming to an end.

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PwC entangled in global cyber attack

The consultancy firm has been impacted by a global cyber attack perpetrated by a Russia-linked hacking group.

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Qantas, Telstra, Woolies and Coles CEOs back National Plan in open letter

Over 80 chief executives have put their names to a letter calling on Australia’s politicians to stop arguing and start acting on putting an end to ...

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Rate hike risks ‘rising’ as RBA takes hawkish turn

The central bank’s upcoming monetary policy board meeting is “live again”, with newly released minutes suggesting flagging a “low tolerance” for ...

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Rate pause was ‘always on the cards’: RBA

Instability in the global banking system did not reroute the Reserve Bank’s monetary policy path, according to the deputy governor.

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Rate rhetoric a ‘distraction’ for investors

Investors should stop focusing on timing rate movements, according to one asset manager, who has described the market as a “demonic beast”, working to ...

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Rate squeeze drains consumer spending: ANZ

A sharper-than-expected dip in retail sales has taken markets by surprise, suggesting households are beginning to feel the impact of higher interest ...

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Rates to hit 4.1% by May, no easing until late 2024: ANZ

The research arm of the major bank has revised its monetary policy expectations, now forecasting three consecutive hikes in the coming months to ...

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