Restructuring alone won't clean up the banks' act

Jul 12, 2018 06:25 am UTC| Insights & Views Economy Law

Many entrenched motivations for misconduct in the banking sector have been uncovered by the ongoing royal commission. Not least are the conflicts of interest inherent in the major Australian banks providing financial,...

Dreams in an Empty City: a strikingly prescient morality tale about banking

Jul 12, 2018 06:16 am UTC| Insights & Views Economy

In our Great Australian Plays series, we nominate the best of Australian drama. There is no single event foreshadowing the darker mood of the 1980s, as the election of the Whitlam Labor government presaged the expansive...

Global Geopolitical Series: U.S. slaps duties on steel racks from China

Jul 12, 2018 06:04 am UTC| Commentary Economy

Yesterday, the U.S. Commerce Department announced that it has concluded its investigation into imports of steel racks from China and the department has found that exporters from China received benefits from 28 subsidy...

New Zealand’s headline CPI likely to rise 0.1 pct q/q, 1.2 pct y/y: ANZ Research

Jul 12, 2018 06:01 am UTC| Commentary Economy

New Zealands headline consumer price inflation is expected to have risen 0.1 percent q/q in the second quarter of this year. This would bring annual inflation to 1.2 percent a 0.1 percentage point lift from Q1, but well...

Australian dollar likely to end 2018 at 74 US cents, end 2019 at 76 US cents: St George Economics

Jul 12, 2018 04:43 am UTC| Commentary Economy

The Australian dollar is expected to end this year at 74 US cents and end 2019 at 76 US cents, according to the latest research report from St. George Economics. A multitude of factors have placed downward pressure on the...

Australian dollar likely to end 2018 at 74 US cents, end 2019 at 76 US cents: St George Economics

Jul 12, 2018 04:43 am UTC| Commentary Economy

The Australian dollar is expected to end this year at 74 US cents and end 2019 at 76 US cents, according to the latest research report from St. George Economics. A multitude of factors have placed downward pressure on the...

UK May GDP data points to a pick-up in growth in Q2; Will it convince BoE for rate hike in August?

Jul 11, 2018 12:14 pm UTC| Insights & Views Economy Central Banks

UK GDP grew by 0.2 percent in the three months to May, the same pace as the first three months of the year. The monthly GDP estimate, a more volatile measure, showed growth of 0.3 percent during the month, up from 0.2...