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Showing 991 - 1000 of 14041 results for "Down"

Powell confirms rate cuts likely 'at some point' this year

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... Ottley said. "Fed chair Jerome Powell said policy makers need to 'have greater confidence that inflation is moving sustainably down' toward the 2% target." Powell's comments came after data showed US services industry growth slowed further in March ...

Former adviser slapped with 12 charges

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
A former financial adviser has been charged with 12 counts of dishonest conduct for falsifying clients' documents to access their superannuation accounts. The Downing Centre Local Court yesterday slapped the charges on David Mario Valvo while running ...

Aware Super chair named governor-general

ELIZA BAVIN  |  WEDNESDAY, 3 APR 2024
... government's Women's Economic Equality Taskforce. Aware Super chief executive Deanne Stewart confirmed Mostyn would step down from her role as chair following her appointment. "We wholeheartedly congratulate Sam on her appointment as only the ...

BlackRock faces 'stiff competition' from APAC asset managers

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
BlackRock has maintained its position as the best brand among asset managers in the US and APAC, though subtle shifts are signalling change, according to the latest Broadridge Fund Brand 50 report. Incorporating insights from 1200 fund selectors and ...

Evolution of investment operations spurs new recruitment trends

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2024
... that most fund managers are reluctant to offer contract opportunities or sponsorship, Cleary said: "Firms that decided to go down the sponsorship route have successfully recruited high-calibre international candidates and have elevated some of their ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
The UK's Financial Conduct Authority (FCA) is cracking down on finfluencers as more financial services firms turn to social media to promote products and services. The financial services regulator is aiming to get on top of firms that illegally promote ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... have $10 million in it in order for it to be properly treated as wholesale," she said. In August 2014, ASIC brought this down a notch. "[ASIC] didn't say that it was wrong, but it did say that there was legal uncertainty in the area and that it wasn't ...

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... Cryptocurrency Index (IRCI), cynicism around Bitcoin is at all-time lows, with fewer people considering it to be a scam - down from 14% in 2019 to 6% in 2024. In addition, 69% of Australians consider Bitcoin to be either money, a store of value or an ...

PE deals tumble again, down 63%: Bain & Company

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
The Australian and New Zealand private equity sector took another tumble, sharply falling 63% in value during 2023 as high interest rates and market uncertainty continues to spook investors. This is the second year in a row that saw deal values decline ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The Australian Securities and Investments Commission (ASIC) has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director ...