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08 May 2023 • By Keith Ford • 1 min read

BetaShares expands ETF range

Australian fund manager BetaShares has announced the launch of two new Global (ex-Australia) Shares ETFs. BetaShares said it would release the new ...

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Westpac transferring BT PPM business to Mercer

Financial services business Mercer has reached an agreement with Westpac to absorb BT’s Private Portfolio Management (PPM) business. Simon ...

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BlackRock introduces ‘low-cost’ iShares infrastructure and real estate ETFs

The firm plans to launch the lowest-cost infrastructure and real estate ETFs in the Australian market. BlackRock Australia has revealed that it ...

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Westpac posts 22% net profit jump, prepares for ‘tougher outlook’

The bank has indicated it is well positioned for the future in its half-year results. Westpac has reported a net profit of $4.0 billion in its ...

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American Express to ‘decommission’ Australian FX offering

EXCLUSIVE The global payments company is downsizing local operations as part of a gradual unwinding of its foreign exchange offering outside the ...

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UniSuper invests $1bn in ‘high-quality’ mobile towers business

The super fund has made its first direct unlisted infrastructure investment in Europe. On Monday, UniSuper announced that it has invested $1 ...

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RBA should be mindful of US banking crisis, warns Oliver

In his market report, AMP chief economist Shane Oliver says the RBA needs to be cautious in the wake of the US banking crisis. Following the ...

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Federal government to establish Net Zero Authority, pledges $400m

The government announced on Friday that it would legislate a national Net Zero Authority and spend $400 million to help manage the transition to net ...

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RBA lowers 2023 inflation forecasts, CBA predicts rate cuts

The Reserve Bank has released its quarterly Statement on Monetary Policy. Australia’s headline consumer price index (CPI) is expected to fall to ...

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Macquarie delivers record profit of $5.2bn, maintains ‘cautious’ stance

The group has attributed its performance to the diversity of its activities and the expertise of its teams. Macquarie Group has posted a record net ...

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