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27 June 2022 • By Jon Bragg • 1 min read

Magellan completes Guzman y Gomez sale

The fund manager has offloaded its 11.6 per cent stake in the Mexican fast food chain. Magellan Financial Group has completed the sale of its 11.6 ...

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ANZ-issued stablecoin used to purchase tokenised carbon credits

The A$DC stablecoin was used to buy BCAU carbon tokens from Zerocap in a ‘milestone’ transaction. A$DC, the ANZ-issued stablecoin pegged to the ...

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Aussie financial assets down 3.6%

Superannuation is the asset class with the biggest loss to date in 2022. The average Australian’s financial assets have contracted 3.6 per cent ...

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Investment industry subject to additional ESG scrutiny on the road to COP27

The next UN Climate Change Conference is due to be held in Egypt in November. The investment industry is expected to face further scrutiny ...

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Rate forecasts contract following Lowe's recession remarks

An economist has advised caution when interpreting Governor Lowe’s dismissal of the risk of a recession. Money market expectations for the Reserve ...

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'Inflation will get worse before it gets better', Treasurer says

Treasurer Jim Chalmers has insisted that inflation will get worse before it gets better, warning of “significantly higher” inflation to come this year

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Qantas reduces debt, offers $5k bonus to employees

The airline’s net debt has fallen by around $1.5 billion in the past six months. Qantas Group’s net debt is expected to fall to around $4 billion ...

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Geopolitics must be central to business strategies, says KPMG

The firm has warned businesses that geopolitical volatility isn’t going away. Geopolitical volatility is here to stay and businesses will need to ...

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Research sheds light on meaningful material impact of ESG performance

A new study has evaluated the business impact of controversial ESG-related events. A company’s environmental, social and governance (ESG) ...

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Super trustees told to brace for ‘rough seas’ ahead

APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead. Speaking at a Trans-Tasman Business Circle event, Wayne Byres ...

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