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05 May 2023 • By Charbel Kadib • 1 min read

ANZ profits surge, dividend up 12%

The major bank has delivered a dividend boost to shareholders off the back of a 22.5 per cent increase in its underlying earnings. ANZ has released ...

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Fed hints at rate peak, weighs in on First Republic takeover

The Federal Reserve’s hiking cycle could be over, with chair Jerome Powell hinting at a halt following the latest rate decision. The Federal Open ...

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‘Aftershocks’ set to follow ‘earthquake’ in US banking system

JP Morgan’s Kerry Craig has shared his outlook for the remainder of the year, including the likelihood of a US recession. More bank collapses are ...

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NAB shares sink over 6% despite ‘strong’ half-year results

NAB feels “well placed” to withstand failures on the global banking scene and projects continued growth. NAB has reported cash earnings of $4.07 ...

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Super funds urged to tap into $3tn climate solutions opportunity

By investing in climate solutions in emerging markets, the IGCC says that funds can deliver sustainable returns while driving ongoing social and ...

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‘Mega’ funds expand share of super sector

Market volatility has widened the competitive gap in the superannuation industry, with seven of Australia’s largest funds increasing their collective ...

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Magellan outflows continue in April

The fund manager released its monthly funds under management (FUM) update, which showed considerable outflows. Magellan Financial Group has ...

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Short-term bonds in vogue amid extended rate horizon

“Buying the dip” is not appropriate in the current environment, with higher interest rates to remain in place for longer than anticipated as ...

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Lowe says ‘strong consensus’ behind surprise rate hike

The Reserve Bank governor has defended the central bank’s surprise decision to resume its hiking cycle following a wave of criticism from economists ...

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Westpac’s Evans warns against ‘radical’ RBA monetary policy board model

According to Westpac’s chief economist, the proposed structure of the RBA’s monetary policy board is more radical than the models used in other ...

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