Fed ‘ready to declare victory on inflation’
The US Federal Reserve is close to claiming victory over inflation but companies will still face a squeeze on their profits, predicts one of the world’s most influential distressed debt players.
The US Federal Reserve is close to claiming victory over inflation but companies will still face a squeeze on their profits, predicts one of the world’s most influential distressed debt players.
Branch and back office jobs across Sydney and Melbourne will be slashed as CBA’s investment in technology ramps up.
Platinum Asset Management’s newly appointed chief executive Jeff Peters has flagged ‘immediate’ cost cuts in a plan to reignite growth after years of declining assets and share price.
Australians are turning to payday lender Cash Converters in droves as the cost of living crisis led to a spike in applications for its credit products.
Higher funding costs shrunk margins, and plummeting lending volumes hit the bottom line at the private equity backed-KKR lender. Pepper plans to buy up to 10 per cent of its shares.
Billionaire James Packer is among those holding almost $16bn worth of shares in the $2 trillion AI chipmaker. Find out who else has taken a big punt.
As many as 1.6 million Australians were “at risk” of mortgage stress in the three months to January, a Roy Morgan report shows.
The payments company expects the subdued activity in retail shops, restaurants and hotels to continue, but pick up towards the end of the year.
Commonwealth Bank is raising eyebrows with the prominent social media promotion of its new commission-based referral program for its online-only home loan, Unloan.
QBE ‘undermined’ the Federal Court when it wrote to brokers advising them they would receive, but could ignore, a formal court request.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/5