Macquarie is expecting to rake in less income from its commodities business over the next six months due to lower market volatility.
Shemara Wikramanayake says Australian inflation is six months behind countries where rates have already been cut,but the economy is stronger in other areas.
Macquarie Group boss Shemara Wikramanayake says any change in policies,including under a Trump presidency,won’t derail the long-term green energy transition.
As the number of customers falling behind on their repayments rises,the watchdog says too many people in hardship are finding it hard to get help.
Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.
Australia’s biggest renewable energy project in WA’s Pilbara region has lost the backing of “the millionaires factory” Macquarie Group.
Macquarie chief executive Shemara Wikramanayake says confidence remains weak in the market for mergers and acquisitions despite the recent pause in interest rate rises.
The energy trading arm of Macquarie Group faces claims it illegally profiteered from a deadly 2021 ice storm by deliberately pushing up gas prices by more than 1000 per cent.
Macquarie boss Shemara Wikramanayake blamed lower volatility in commodity markets and a tough deal-making environment for the company’s lower profits.
Shares in the investment giant slumped after it warned of a weaker first half for its flagship asset management business.
A falling Australian dollar and rising interest rates that make debt more expensive will add to Qantas Group’s capital expenditure bill,which is already giant.