Reserve Bank of Australia

Investment Strategy

Silk praises Rubin’s contribution

Following Elana Rubin’s departure as chair of AustralianSuper, chief executive Ian Silk has commended her contribution. “We are very disappointed to lose Elana as chair,” Silk said. Rubin, who was a board director of AustralianSuper for seven years, of which she was chair for six, is currently not giving any clue as to what her […]
Investment Strategy

Lower everything next year, forecasts Russell

Russell Investments has forecast lower growth, lower interest rates, a lower Australian dollar but improved investment returns for 2013 in what it says will be a “bumpy ride” for the local and international economies. In the firm’s November Market Commentary, Russell’s global head of investment strategy, Andrew Pease, forecasts that tighter domestic fiscal policy will […]

Cheques finally out

The super industry – one of the biggest generators of paper cheques in Australia – is about to get on board the e-commerce train. If all goes to plan, reforms are likely to require businesses to ditch their cheque books in favour of a new electronic superannuation payment system, named SuperStream. The reforms are part of […]
Investment Strategy

Macfarlane ignores most business reporting

Ian Macfarlane is content to ignore most business reporting. The former Reserve Bank of Australia governor did, however, read the work of six or so economic reporters. “We talked to the press who had a long-standing commitment to the beat,” says Macfarlane. “Part of your job is getting your message out to the wider public.” […]
Investment Strategy

John Howard, Hugh Dougherty and investing

New York City. Turn of the century. Markets are booming. Champagne is flowing. Good times. A group of Australian chief executives has been flown to the city that never sleeps by investment bankers, Merrill Lynch. The CEOs are in a hotel conference room together with the chief investment officers of firms such as Capital Asset […]