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09 May 2023 • By Maja Garaca Djurdjevic and Jon Bragg • 1 min read

Federal budget: Here’s what you need to know

Treasurer Jim Chalmers delivered the Albanese government’s second federal budget on Tuesday evening, 9 May, outlining a number of key cost-of-living ...

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Fed data flags ‘toxic’ deterioration in lending conditions

Tighter lending standards and a “dry up” in credit demand characterise the Federal Reserve’s latest bank lending analysis, suggesting “recessionary ...

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Super funds deliver positive returns as inflation continues to bite

SuperRatings has published its estimates for April’s super fund returns. The median balanced superannuation option delivered a 1.2 per cent return ...

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Rest offloads Endeavour Energy stake to Macquarie

The super fund will divest its stake to a fund managed by Macquarie Asset Management. Rest has announced that it has entered into an agreement to ...

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Datt Capital to target alpha with small cap launch

Boutique equity investment manager Datt Capital has announced plans to introduce a small cap fund. Datt Capital said that the market is well placed ...

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Vanessa Hudson’s $1.6m CEO pay packet around 25% less than Joyce’s

Incoming Qantas CEO Vanessa Hudson will be paid around 25 per cent less base salary than her predecessor Alan Joyce, though will be eligible for ...

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CBA posts $2.6bn Q3 net profit, signals ‘predictable and sustainable returns’

Commonwealth Bank has released its third quarter trading update. Commonwealth Bank (CBA) has reported an unaudited statutory net profit after tax ...

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Major banks ‘walking tightrope’ as headwinds intensify

KPMG, EY, and PwC have released their analysis of the major banks’ half-year results. Australia’s big four banks have delivered a strong set of ...

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‘Cautious’ budget to focus on energy transition

Incentives to drive Australia’s energy transition and a “rise in net taxes” are expected to characterise the Commonwealth government’s 2023–24 budget

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Former Courtenay House contractor handed 2-year sentence

A former promoter of Courtenay House investments has been sentenced. Athan Papoulias, a former contractor to and promoter of Courtenay House ...

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