News
RBA holds cash rate at record low 0.75%
The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, as widely expected by economists. Having delivered a third 0.25 percentage point cut in five months at its […]
Month: November 2019
News
Consumer confidence bounces back
Consumer confidence bounced back during the weekend according to an ANZ survey that suggests people are more optimistic about the outlook for the Australian economy. The ANZ-Roy Morgan Australian Consumer Confidence index rose 2.8 per […]
Markets
Copper firms on hopes for trade deal
Copper prices extended gains overnight, boosted by hopes of a resolution to the protracted trade conflict between the United States and China. The world’s two largest economies said they had made progress in negotiations to […]
News
QSuper and Sunsuper in merger talks
QSuper and Sunsuper are in early-stage discussions to merge and form the country’s largest pension manager, as regulatory pressure drives consolidation in the industry, known locally as superannuation. A merger would create a fund managing […]
Business
Westpac completes $2bn share placement
Westpac has completed the $2 billion share placement it says will help the bank fulfil its regulatory capital requirements and cover the cost of future litigation related to customer remediation issues. Approximately 79 million new […]