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03 May 2022 • By Jon Bragg • 1 min read

Major banks unable to meet commitment to modernise direct debits

According to the Reserve Bank (RBA), several major banks will not be able to meet the current timeline for the launch of the PayTo service

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Private capital contributes $54bn to the Australian economy

Australia’s private capital industry contributed 2.6 per cent of the nation’s GDP in 2020. A new report by EY commissioned by the Australian ...

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EOS at Federated Hermes appointed by CFS for stewardship services

The wealth management group confirmed the appointment this week. EOS at Federated Hermes has been appointed by Colonial First State (CFS) to ...

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AGL recommits to demerger following Cannon-Brookes acquisition

AGL Energy is determined to go ahead with the planned demerger despite Mike Cannon-Brookes' purchase which has made the tech billionaire the company’s ...

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RBA asserts independence by lifting rates ahead of federal election

Tuesday’s rate hike has been perceived as a show of the RBA’s independence. As a result of inflation levels not seen since the introduction of the ...

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Dexus reports 'better-than-expected' outcomes across business

Dexus transacted $2.1 billion worth of properties in quarter ended 31 March. Dexus has upgraded its guidance to deliver distribution per security ...

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Global asset manager launches first NFT collection

The firm has announced it will release 1,000 NFTs this week. VanEck has announced the launch of a collection of non-fungible tokens (NFTs) in what ...

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How far will housing prices tumble?

A rate hike in May is expected to trigger an earlier than expected decline in prices outside of Sydney and Melbourne, CoreLogic has said

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ASX posts monthly decline, dragged down by materials sector

After surging nearly 7 per cent in March, the ASX 200 moved lower in April. The S&P/ASX 200 fell by 0.85 per cent during April, new data from ...

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Packhorse opens $62m capital raise

The raise will fund the purchase of two properties in NSW. Packhorse Pastoral Company has announced a new capital raise of up to $62 million to ...

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