While Australia’s disinflation process remains on track, market experts see the RBA keeping rates unchanged at next week’s meeting.
In a budget that left economists scratching their heads, the government made a firm commitment to the welfare of two very important Australians: Xing Qiu and Yi Lan, Adelaide Zoo’s resident giant pandas.
Australia’s largest super fund, AustralianSuper, has divested its stake in WiseTech Global, citing concerns over the company’s governance and management, which failed to meet the fund’s expectations.
While the superannuation sector has welcomed stability in super settings, statements following Tuesday’s budget announcement indicate there are areas the sector believes the budget fell short.
Treasurer Jim Chalmers' fourth budget revealed a $207 billion fiscal turnaround, with tax receipts, superannuation revenue, and debt reduction playing key roles.
The federal budget being delivered tonight is shaping up to be a “spendathon ahead of the election”, according to AMP’s Shane Oliver, with much of the new spending already announced and likely to be matched by the Coalition.
China’s technology sector is emerging as a powerhouse, with renewed investment and policy support propelling it to compete with global leaders.
Australia’s rapidly expanding superannuation sector is shifting its investment strategy, with fresh data revealing a significant increase in offshore equity allocations.
AMP has denied reports that its new employment contracts grant the company the ability to conduct continuous video surveillance on staff, including when they work from home.
SQM Research has placed the private credit sector on watch amid growing concerns over governance and transparency issues, as well as recent regulatory scrutiny from ASIC and APRA.