Markets

China and US agree to slash tariffs for 90 days

Markets have rallied after a weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies and markets, and the US dollar; however, pharmaceutical stocks are down as US president Donald Trump tries to reduce drug prices.
May 12, 2025

ASIC imposes additional licence controls on Macquarie's Australian operation

ASIC is asking for an independent expert to review a remediation plan for the trade reporting functions of Macquarie's futures dealing and OTC derivatives; ASIC commissioner Simone Constant said that the action "underscores" the regulator's concerns with the "recurrent" nature of Macquarie's failures.
May 07, 2025