Succession planning is common in the business world. Last week, the United States investment group Berkshire Hathaway announced the appointment to its board of Susan Buffett (68). She’s the daughter of the company’s billionaire founder Warren Buffett (91), who’s still the chairman and chief executive. While it’s unlikely Susan will succeed her father in those…
Australia’s thriving property market has recovered so swiftly since the brief pandemic-induced recession of 2020, that authorities have stepped in to pull the reigns on runaway real estate prices. Nationally, dwelling values are up 20.3% higher over the past 12 months, every capital city experiencing significant growth across the board. Melbourne, despite ongoing lockdowns dampening…
To choose the best credit card for you, consider your spending habits and how you will pay it off. If you’re struggling to pay your bills, a new credit card may not be the best move. See managing debt for other options. How to get the best credit card for you Thinking about how you will use…
Highlights: Australia’s S&P/ASX 200 Index had a moderate decline of -0.10% in October. Nonfarm payrolls rose 531,000 in September, well above of expectations of a 450,000 increase. Eurozone GDP expanded 2.2% in Q3, slightly ahead of expectations of 2.1%, with the annual rate sitting at 3.7%. The RBA kept the cash rate on hold at…
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022. The Australian economy is recovering from the setback caused by…