The action is the fourth time Asic has moved against Macquarie Group over the last year.
The move by the Federal government is more symbolic than practical.
Accessibility of information – some of which has questionable quality – means portfolios are exposed to more frequent, larger swings in market expectations.
Pilbara’s shares up by almost 5%, as China continues to dominate the global rare earth market.
The upside to the forecasts is the likelihood that Reserve Bank of Australia could be done with rate hikes
The sale from BoQ to UDC Finance forms part of the latter’s plan to scale up lending in NZ.
The sale will recoup only a tiny fraction of what is owed as legal action continues in both Australia and New Zealand.
Economists had been expecting inflation to come in higher.
Stock market returns from the end of 2023 have been driven by multiple expansion underpinned by strong sentiment.
ANALYSIS: The Australian Prime Minister hopes for a major re-set after losing ground in 2023 and faces a big test at upcoming by-elections