CPA Australia’s sacking of its Chief Executive, Alex Malley – with a $4.9 million golden handshake – has cast the spotlight on peak organisations representing various industries and community sectors across the nation.
Malley’s downfall, and the story of how he moulded CPA Australia so much into his likeness, continues to play out with potentially damaging consequences for the organisation’s substantial membership.
Can it happen elsewhere? This background report examines the value of peak bodies and role they play. Click here
Steadily getting better.
That’s the message from the Reserve Bank of Australia which today (04 July 2017) again held the official cash rate steady at 1.50 percent.
Noting that international and Australian economic conditions are continuing to slowly improve, the RBA’s language was more neutral than that of other central banks – the U.S. Federal Reserve, the Bank of England, the Bank of Canada and the European Central Bank – which have recently indicated that conditions are improving towards a rate increase in their jurisdictions.
The Australian sharemarket took off today, recouping much of the losses of the past two trading days.
Following leads from overseas markets, upward oil prices and strong retail spending figures locally, the major banks led the way and brought the rest of the market with them. At the close this afternoon, the ASX 200 was up 1.7 percent at 5783.8, while the All Ordinaries index was up 1.6 percent at 5819.6.
The interest rate decision, matched against the rhetoric of other central banks globally (see above), saw the Australian dollar decline today. However, it is still buying 76 U.S. cents, 67 euro cents, almost 59 British pence, 86 Japanese yen and just over 5 Chinese yuan renminbi.
ONE MONTH AGO
GOLD (sell rates) Perth Mint $A/oz
Iron Ore Spot Price
OIL Bloomberg Dated Brent Crude
OIL Bloomberg W Texas Crude
FAKE & FRAUDULENT … Crazy Joe … low I.Q. Crazy Mika …
I think you may know from whose mouth these attacking words have come. Pardon … from whose tweet these insults have come. But what do they have to do with us? After all, Donald Trump is a world away from us here in Perth…
The information contained in this document is intended as general information only. To the extent permitted by law, no responsibility is accepted for any inaccuracies in the information contained in the document. If you no longer wish to receive the Ledge Bulletin please click on the Unsubscribe icon above.