Download IPFS Australia’s massive superannuation system, the world’s third-largest pension pool, faces significant exposure to potential bond market turmoil as global financial conditions tighten. The risk arises from the unwinding of the “yen carry trade,” where investors borrow cheap Japanese yen to invest in higher-yielding assets abroad. Market volatility last[Read More…]

Download IPFS Australia’s top companies are facing an unprecedented earnings recession, with Morningstar forecasting a third consecutive year of declining profits for ASX 200 firms. Earnings are expected to fall by 1% in FY2025 following declines of 10% and 4% in the previous two years. This troubling trend persists even[Read More…]

Download IPFS Australia’s stock market capped off a remarkable week with its third record-breaking session in five days, driven by a strong performance from major iron ore miners and healthcare giants. On Friday, the benchmark S&P/ASX 200 index (Standard & Poor’s/Australian Securities Exchange 200) jumped 118.20 points, or 1.37%, closing[Read More…]

Download IPFS Australia’s sharemarket continues to defy global headwinds, posting yet another record high this week, even as broader economic signals raise long-term concerns. The S&P/ASX 200 index (Standard & Poor’s/Australian Securities Exchange 200) surged once again, mirroring gains on Wall Street despite persistent uncertainties in the global economy. Analysts[Read More…]

Download IPFS In a bold throwback to simpler banking times, AMP has launched a digital savings account offering 4.5% interest with no minimum deposits, withdrawal restrictions, or monthly fees – a direct challenge to the “bonus rate traps” plaguing modern banking. The new product, available exclusively through AMP’s GO app,[Read More…]

Download IPFS Australia’s financial crime watchdog has placed digital currencies front and centre in what it calls the most ambitious reform to anti-money laundering laws in a generation. The Australian Transaction Reports and Analysis Centre (AUSTRAC) on Wednesday flagged cryptocurrencies and cash-heavy businesses as top-tier threats, announcing a sweeping regulatory[Read More…]

Download IPFS CPA Australia has issued a pointed warning about a looming crisis in the financial services sector, calling on the federal government to urgently address the shrinking pool of qualified financial advisers. The professional accounting body highlighted that a combination of excessive red tape and increasing compliance costs has[Read More…]

Download IPFS In a significant move within the financial services sector, Damon Sze, former Chief Operating Officer (COO) of Hantec Markets Australia, has taken up the position of Managing Director at TopWealthTrading. The newly launched offshore Contract for Difference (CFD) brokerage is strategically positioned to target growth across the Asian[Read More…]

Download IPFS Australia is on the verge of a financial innovation milestone as Sydney-based fintech firm Block Earner secures a major court victory that paves the way for the nation’s first home loans backed by Bitcoin. In a decision that could reshape how Australians approach home ownership and digital assets,[Read More…]

Download IPFS Global advisory firm Teneo has made a major move to solidify its financial advisory presence in the Asia-Pacific region with the acquisition of PricewaterhouseCoopers’ (PwC) Australian business restructuring services unit. The deal will see approximately 80 professionals transition from PwC to Teneo, further boosting the firm’s capacity to[Read More…]