Download IPFS A major Wall Street investment firm has committed to Pallas Capital’s newly launched $500 million debt facility, marking one of the largest private credit transactions in Australia this year. The Sydney-based lender plans to deploy the funds across both corporate and real estate sectors, targeting opportunities typically underserved[Read More…]

Download IPFS Australia’s financial system is facing increased pressure from rising insurance costs, with new research suggesting it could pose a risk to banking stability. A report by analytics firm Finity highlights that around 3% of bank loans estimated at A$60 billion are tied to properties that may become uninsurable[Read More…]

Download IPFS Australian job advertisements fell 1% in July, marking the fourth consecutive monthly decline according to ANZ-Indeed data. The drop suggests employers are growing cautious despite recent interest rate cuts, with job postings now 12% below last year’s peak. The trend reflects broader economic softening, particularly in consumer-facing sectors[Read More…]

Download IPFS The Australian sharemarket achieved its highest-ever closing level on Tuesday, with the S&P/ASX200 surging 1.4% to finish at 8,890 points. This historic milestone came as nine of eleven sectors posted gains, led by financial and technology stocks. The record-breaking performance followed strong leads from Wall Street, where major[Read More…]