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Showing 991 - 1000 of 2950 results for "August 2014"

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... - and they certainly, aren't going to borrow to spend - total private sector credit slowed to 2.9% in the year to August (after two rate cuts at the time) with personal credit down for the 47th month in a row to 3.5% and housing credit growth continuing ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
AMP Limited has announced it is combining its Australian wealth management business with banking into a new entity named AMP Australia, and has shuffled its C-suite lineup. AMP chief executive Francesco De Ferrari said the integration of the wealth ...

Fidelity wholesale director departs

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
Fidelity International is hunting for a new head of wholesale sales for its Australian business after the incumbent left. Andrew Mathie finished up at Fidelity in late August, after two years with the company. Mathie worked directly with Fidelity managing ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
"Bad news is good news." That phrase, born of the Great Recession of 2008, has become a staple and go to rationale each time equity markets jump on bad news. Bad news! Wall Street dropped - Dow down by 1.9%, S&P 500 down by 1.8%, Nasdaq down by 1.6% ...

Legg Mason expands Asia Pacific role

ELIZA BAVIN  |  THURSDAY, 3 OCT 2019
Andy Sowerby will now serve as head of Asia Pacific (ex-Japan) while he continues to lead Legg Mason Australia and New Zealand, with his appointment taking effect on the first of this month. Sowerby has held the role of country head for Australia and ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
"Yesterday, all my troubles seemed so far away Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
A stitch in time saves nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
National Australia Bank announced an additional $1.18 billion in remediation expenses, mostly relating to financial advice. Combined with previously announced remediation costs, NAB is now facing a total remediation bill of $2.09 billion. The unforeseen ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
China's come a long way, baby! 1 October 2019 marks the 70th anniversary of the founding of the People's Republic of China. The Politburo has much to celebrate and boast about. It didn't happen overnight, but it did happen. Chairman Mao ...

Qantas Super adds to board

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2019
Qantas Super has welcomed a new director to its super trustee board, following the official commencement of its new chair. Ryan Greaves has joined the board, representing members of Group C, which incorporates aircraft trade persons other than provided ...