Pros and cons of investing in local vs overseas bonds
While local investors often struggle with the decision to invest locally or head offshore when it comes to investing in bonds, fixed income experts typically recommend a combination of both, and for diametrically different reasons. The main attraction investors have with the global bond market – which is worth around A$230 trillion – is that it's infinitely larger and more liquid, with a wider
US jobless claims hit 3yr low; jobs cuts at 71.3k
United States weekly jobless claims fell to their lowest level in more than three years, easing fears of a steep downturn in labour market conditions after independent reports showed job losses accelerating in November. The U.S Department of Labor reported on Thursday that initial claims for state unemployment benefits dropped by 27,000 to a seasonally adjusted 191,000 for the week ended 29 Nov
Ulta Beauty raises full year guidance after strong Q3
Ulta Beauty has raised its full-year sales outlook following a better-than-expected fiscal third quarter. The beauty retailer reported a 12.9% increase in revenue year-over-year to US$2.9 billion, surpassing expectations of US$2.72 billion. The company said this is mainly due to increased comparable sales, the acquisition of Space NK and net new store contribution. Earnings per share rema
EU probes Meta over WhatsApp AI integration
The European Union has launched an antitrust investigation into Meta Platforms' use of AI features in WhatsApp that would block rivals. According to the EU, Meta’s new policy announced in October prohibits AI providers from using a tool that allows businesses to communicate with customers via WhatsApp, the ‘WhatsApp Business Solution', when AI is the primary service offered. The Commission h
BOJ faces catch-22 as govt bond yields hit new highs
With borrowing costs rising rapidly and government bond yields surging to levels unseen in decades, the Bank of Japan (BOJ) is confronted with nudging interest rates higher - risking even steeper yields and more pressure on a fragile economy - or pausing, possibly even easing, which could fan inflation. Yields on Japanese government bonds have been climbing steadily, with the 10-year benchmark
QANTAS A321XLR FLEET TAKES TO THE SKIES WITH FIRST COMMERCIAL FLIGHTS
Qantas is celebrating the launch of its newest aircraft today, with its first two next-generation Airbus A321XLR aircraft taking off this morning for their first commercial flights. The two A321XLR aircraft, 'Great Ocean Road' (VH-OGA) and 'Outback Way' (VH-OGB), are operating their inaugural commercial services between Sydney and Melbourne and Sydney and Perth respectively. Qantas is the first airline in the Asia Pacific region to fly the new aircraft type, and the fourth airline globally. The A321XLR features a wider and longer cabin than previous generation narrowbody aircraft, with wider seats, higher ceilings, larger windows, fast and free Wi-Fi and space for around 60 per cent more bags than Qantas' Boeing 737s. The A321XLR use less fuel per seat than the 737 it replaces
QANTAS
Mascot, AustraliaAustralian economy at crossroads heading towards 2026: The CommBank View
The latest CommBank View examines the shifting forces and underlying tensions shaping Australia’s economy, global markets, and the outlook for 2026. The Australian economy is at a crossroads heading towards 2026. There are a range of potential domestic and international scenarios that could rapidly shift the outlook. But CBA economists are still predicting a final RBA interest rate cut early in the year.
Commonwealth Bank of Australia
AustraliaAPRA confirms Westpac has met the obligations of the Court Enforceable Undertaking
The Australian Prudential Regulation Authority (APRA) has determined that Westpac Banking Corporation (Westpac) has completed a multi-year risk transformation program required by APRA and, consequently, APRA will remove the remaining $500 million capital add-on applied to Westpac. Following an APRA investigation in 2020, Westpac entered a Court Enforceable Undertaking (CEU) with APRA in December 2020 where it committed to remediating specific prudential weaknesses identified by APRA in its culture, governance and accountability, and address the root causes of these issues. In response, Westpac established the Customer Outcomes and Risk Excellence (CORE) Program and appointed an independent reviewer.
Australian Prudential Regulation Authority
Canberra, Australian Capital TerritoryQuantum meets connectivity: Telstra and SQC explore smarter network prediction
SQC quantum reservoir delivers deep learning performance with reduced training time and hardware demands. Telstra and Silicon Quantum Computing (SQC) today announced results from a joint initiative taking quantum computing out of the lab and into the telecommunications industry – marking a new milestone in Australia’s journey towards quantum-enabled digital infrastructure. Over 12 months a Telstra-SQC team explored how quantum machine learning could enhance Telstra’s response to a complex challenge in connectivity: predictive analytics. Advances in predictive network analytics have the potential to reshape customer experiences, from pre-empting and resolving network issues, to powering personalised services like dynamic bandwidth upgrades responding to real-time demand. Today, Telstra uses a combination of machine learning and AI to help predict network performance and detect changes in network patterns. These systems analyse metrics like latency and bandwidth to predict potential variances.
Telstra
Melbourne, Victoria
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