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07 February 2022 • By Maja Garaca Djurdjevic • 1 min read

Douglass takes leave of absence as Magellan reports $2bn FUM loss

Magellan Financial Group confirmed on Monday that Hamish Douglass is taking a leave of absence, while in a separate statement detailing its $2 billion ...

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RBA forecasts inflation peak in June

Inflation is forecast to peak at 3.75 per cent in June. The Reserve Bank of Australia (RBA) has predicted CPI inflation to peak at 3.75 per cent in ...

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Rent-to-own start-up receives backing from CBA

The bank has invested in a start-up that aims to help renters become homeowners.  Commonwealth Bank’s start-up incubator x15ventures has joined a ...

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Bipartisan support for CCIV confirmed

The FSC has been advocating for the introduction of the CCIV for years. A Senate inquiry report has confirmed bipartisan support for the corporate ...

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ASIC commits to ‘investor protection’ on growth of crypto asset adoption

The corporate regulator said investor protection is the biggest factor for its surveillance on the rise of crypto-asset adoption. In its quarterly ...

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NAB predicts housing market boom is coming to an end

A “turning point” for Australia’s property market is expected to occur later this year. NAB has revised down its outlook for property prices in ...

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Meta’s crash worst in history, sparks unease

What started as grumblings of displeasure from investors led to the worst one-day crash in stock market history. Meta’s shares plummeted 26 per ...

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Janus Henderson reports strong earnings, announces divestment

The listed global fund manager posted revenue of US$697.2 million for the quarter ended December, compared to US$657.2 million a year ago. In a ...

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Synchron appoints new compliance general manager

The dealer group has confirmed the new appointment this week. Phil Osborne was announced as Synchron’s new general manager, compliance effective ...

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Sydney Airport takeover receives shareholder approval

The acquisition by the Sydney Airport Alliance is set to proceed. Shareholders in Sydney Airport have overwhelmingly voted in favour of the $23.6 ...

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