Combined cash profits from Australia’s big four banks increased 6.5 per cent to $28.5 billion in FY22, delivering a bumper year ahead of a looming deterioration in economic conditions.
With the new federal budget forecasting skyrocketing energy prices, the government is under increasing pressure to intervene. Treasurer Jim Chalmers has ruled out government handouts and is seeking regulatory solutions.
7investing lead adviser Anirban Mahanti says companies have been thwarting cyber threats for a long time. However, as data moves to the cloud, systems have failed to keep up.
The world’s second-largest economy remains handicapped by zero-COVID policies, hampering iron ore demand. Sean Sequeira, Australian Eagle Asset Management chief investment officer, discusses the longer-term outlook amid increasing inflation pressures.
Moving to a sustainable investment portfolio can reduce an individual’s carbon emissions by 90 per cent, research from Stockspot has shown.
Powerful forces are spooking global economies and pushing investors into safe haven assets like US dollars and US treasuries, and in turn flattening the relative value of our domestic currency.
The pendulum may have swung back towards active management this year, but the domestic ETF market is flush with options and continues to steal FUM.
One part of the market that is benefitting from inflation and interest rate increases is private debt; senior secured loans, in particular, have returned 4.8 per cent over the past two years.
Our record US$350 trillion global debt – the equivalent of 3.5x global GDP – has “tentacles across the world”, says Simplicity author Danielle Ecuyer. Tightening financial conditions further will have significant consequences.
Companies that win the advocacy of their clients have a remarkable ability to increase their own value according to research from the people who invented net promoter scores.
