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13 November 2017 • By Tim Stewart • 1 min read

RBA lowers inflation forecast

The Reserve Bank of Australia has lowered its forecast for a return to inflation until late 2018, suggesting the next rate hike should be as far away ...

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Tech disruption only a ‘moderate’ threat to banks

New fintech entrants have put Australia’s major banks under pressure, but they will never threaten the banks’ ability to repay their bonds, says ...

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CFS adds direct infrastructure to MySuper funds

Colonial First State’s MySuper lifecycle funds have grown to sufficient scale to hold direct infrastructure assets. Colonial First State (CFS) has ...

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NAB to recruit 600 ‘tech specialists’

NAB has announced plans to “immediately” hire 600 technology specialists as part of a restructure that will see the bank reduce its headcount by 4,000 ...

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Trump delivers little apart from ‘uncertainty’

One year after Donald Trump’s presidential election win, initial market euphoria about tax cuts and infrastructure spending has given way to ...

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VanEck launches cryptocurrency indices

VanEck subsidiary MV Index Solutions has partnered with CryptoCompare to launch a set of 12 indices that track different cryptocurrencies

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BNY Mellon makes Asia-Pacific hires

Boutique asset manager BNY Mellon Investment Management has appointed an institutional sales director and a business development manager to be based ...

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APRA publishes life insurance claims data

A new pilot data collection project into life insurance claims has found that 103,100 claims were finalised in calendar 2016, of which 92 per cent ...

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CBA earnings up 6% as expenses rise

CBA has increased its cash earnings by 6 per cent as it puts aside money to provision for the impending money-laundering civil case brought by AUSTRAC

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Westpac doubles down on wealth business

Westpac has confirmed its intention to continue operating in the wealth management market, despite a decline in cash earnings and the imminent exit of ...

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