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05 May 2022 • By Neil Griffiths • 1 min read

Fed gears to fight inflation with biggest rate hike in 2 decades

The Federal Reserve has confirmed the news in a statement. The Fed has raised its benchmark interest rate by 0.5 per cent in a bid to fight ...

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Interest rates to remain below 2% in 2022, big banks agree

The big banks are predicting interest rates will remain below 2 per cent this year despite the markets pricing in a rate closer to 2.5 per ...

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Big 4 quick to pass on rate hike

Following the RBA’s first rate hike in 11 years, the big four banks have tweaked their home loan variable interest rates. The Commonwealth Bank ...

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TWUSUPER appoints Australia's first super minister as chair

Australia’s first minister for super is joining TWUSUPER as its new chair. TWUSUPER has announced the appointment of Hon. Nicholas Sherry as its ...

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Bell Financial Group nets new sales hire for Desktop Broker

Financial advisory service, Bell Financial Group has appointed Ryan Davis as sales and key account manager for its adviser trading platform, Desktop ...

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TWU demands Joyce be axed after Qantas outsourcing confirmed 'illegal'

The full Federal Court has upheld a previous decision deeming Qantas’ sacking of about 2,000 workers illegal. The full court on Wednesday ...

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Bond and share investors may shrug off RBA’s rate hike

As mortgage holders reel from the prospect of having to reach deeper into their hip pockets to make bigger repayments following the Reserve Bank of ...

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Unlicensed trader receives jail sentence after ASIC investigation

The corporate regulator confirmed the news on Wednesday, 4 May. Dr Roger Munro has been sentenced to four and a half years of imprisonment, with a ...

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AvSuper and Commonwealth Superannuation Corporation explore merger

AvSuper and Commonwealth Superannuation Corporation have inked an MoU to determine whether a merger of the two organisations would be in the best ...

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ANZ reports statutory profit of $3.5bn

The big four bank has released its 2022 half-year result. ANZ has reported statutory profit after tax for the half-year ended 31 March 2022 of $3.5 ...

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