Reserve Bank Governor Philip Lowe may not know the exact price of a used 2010 Subaru Forester, but the RBA’s decision to raise interest rates for the first time since Subaru hit the road was entirely related to price pressure in the automotive market and the wider economy. After the RBA intervened in an election …
Inflation down: further rate hikes weigh on economic acceleration Read More »
This increased cost of risk management and compliance is an integral part of a properly regulated financial institution, Chief Executive Shemara Wikramanayake said. She says banks must not only pay the price to meet regulators’ demands, but also meet community expectations. She adds that the cost will increase as Macquarie grows. One of the perverse …
The Australian equity market had its worst day since Russia invaded Ukraine in February, capping a miserable week for investors. ASX investors were battered and bruised on Friday as a wild Wall Street selloff unfolded and knocked all but a handful of companies into the red. A miserable end to a miserable week wiped another …
Netflix wasn’t the only one losing huge amounts of money and these people are so angry at the streaming company they are suing. If Netflix thought the worst of its problems were behind it and it could continue to rebuild, it needs to think again. The streaming company was hit this week by a class …
Netflix hit by shareholder lawsuit over falling stock price Read More »
The BoE raised interest rates by a quarter of a percentage point for the fourth consecutive time in London on Thursday, taking the UK benchmark rate to a 13-year high of 1%, and joining the Fed and RBA in tightening monetary policy this week. Anxiety spilled over to Wall Street where the tech-heavy Nasdaq cratered …
They say a week is a long time in politics, and it turns out that a month is an eternity when it comes to economic forecasts. Just under six weeks ago, Treasurer Josh Frydenberg presented a pre-election budget. A few weeks later, the Treasury and the Department of Finance independently signed off on a pre-election …
A Virgin flight was forced to turn back around 40 minutes into its journey after it was discovered the co-pilot was not properly trained. Passengers are said to have been left furious after a Virgin Atlantic flight to New York was forced to turn back in London when it became clear the co-pilot was unqualified …
Virgin flight backtracked after co-pilot’s surprising admission Read More »
