This Month
ASX to surge as investors pile back into battered Wall Street stocks
Although the market is set to stage a comeback after weeks of heavy selling, traders remain uneasy about the “waterfall risk”. Gold hits $US3000 on the anxiety.
We wasted a $400b windfall, and now we’ll all have to pay
An audit of federal finances finds Australia has never seen rivers of gold like this, but the hangover will be brutal.
Inside the sudden exit of a central bank governor
The aggressively nationalist Kiwi central bank boss Adrian Orr deliberately pushed New Zealand into recession. Australian bankers hope his sudden exit will give them some relief.
RBA alarm over banks’ plans to shut key payments system
The Bulk Electronic Clearing System, which handles almost $18 trillion in payments, is being replaced. But the troubled transition has the RBA worried.
Worried about a US recession? There’s a bigger risk facing Australia
A recession in the United States would impose a larger hit on the sharemarket returns of Australians but only a modest impact on the local economy, economists say.
Coles, RBA warning on push to guarantee Armaguard jobs
Major banks and supermarkets are warning the workplace umpire’s intervention into crisis talks to fund the cash-in-transit business would have far-reaching effects for commercial deals and competition.
Feud over Australian banks a factor in RBNZ governor’s abrupt exit
Adrian Orr had been concerned that in the event of a financial calamity, Australian lenders – by far the dominant banks in New Zealand – would retreat back home.
The charts that underlie the RBA’s inflation fear
There are two big risks dominating the inflation outlook, central bank deputy governor Andrew Hauser told the Financial Review Business Summit.
The secret chart the RBA used to justify its latest rate cut
The central bank’s deputy governor revealed a previously secret graph that showed inflation would have fallen below target if rates were paused for longer.
‘Too small to fail’: Small banks push for subsidies
Customer-owned banks have told the Council of Financial Regulators they may need credit rating support, debt guarantees and government subsidies to survive.
Chalmers upbeat but economists warn of shallow recovery
Treasurer Jim Chalmers says the Australian economy has turned a corner after the strongest GDP growth figures since the pandemic, but economists say any recovery will be shallow.
Ageing time bomb will ‘overwhelm’ hospitals and budgets
Australia is about to be hit by a four-fold increase in the number of people turning 80, with warnings it will place huge financial pressures on younger taxpayers.
How to know if investing in private credit is for you?
As the sector booms the number of funds offering exposure for investors is exploding, but as with any investment, knowing what you’re getting into is critical.
How to access the private credit boom
Smaller retail investors can now take advantage of opportunities in a sector once the preserve of the wealthiest.
Reining in the ‘golden age of private credit’
The formerly niche sector is steaming ahead in Australia, but potential investors are being urged to do their homework.
Repair fiscal policy to stop politicians fighting RBA’s monetary policy
Political ill-discipline has produced the biggest spending increase for a first-time government since the Whitlam era 50 years ago.
Chalmers insists he is ‘very respectful’ of Bullock
The treasurer says “everybody knows how respectful I am” of the RBA governor, denying a report in AFR Magazine that he pressured her over the bank’s messaging on government spending.
February
Big banks won’t automatically lower repayments after rate cut
NAB, CBA and ANZ require customers to “opt in” to get a reduction in monthly repayments, as lower interest rates were applied on Friday.
ASX a sea of red; Star nears collapse; Profit season’s shock
Read everything that’s happened in the news so far today.
RBA warns of weak incomes, high inflation if productivity lags
The central bank hopes productivity will recover to boost economic growth and help business alleviate cost pressures.