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Showing 1041 - 1050 of 4003 results for "Cut"

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... 1.75%-2% to 1.5%-1.75% at the October FOMC meeting at 88.2% (from 77% a day earlier and 49.2% a week ago). And then another cut in December to 1.25%-1.5%, with the odds lifting to 52.1% from 38.6% a day before and 18.9% last week.

AMP Capital cuts retail fees on Aussie equities fund

KANIKA SOOD  |  THURSDAY, 3 OCT 2019
AMP Capital has almost halved the fees for the retail investors in its $680 million AMP Capital Equity Fund, bringing them at par with wholesale fees. The AMP Capital Equity Fund will charge 26 bps instead of 46 bps per annum in management fees. "AMP ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... 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 this year - taking the official cash rate down to a record low of 0.75% (with markets expecting ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... October - taking the official cash rate to another record low of 0.75%. Financial Standard had been arguing for an RBA rate cut since June 2018. The time when "experts" were still predicting one, maybe two, RBA rate hikes going forward... and the RBA ...

MLC funds tone down return expectations

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
... conservative. They aimed to beat inflation by 6%, 5% and 3.5% p.a. previously. Last month, and before the RBA's Tuesday rate cut, MLC revised the return expectations to 4.5%, 3.5% and 2% per annum. "The unusually low cash rates we've been experiencing ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... ECB decided to adopt substantial monetary policy stimulus measures. It stated: "The package consists of five elements: (i) a cut in the interest rate on the deposit facility, (ii) adjustments to the forward guidance on the key ECB interest rates, (iii) ...

Super fund cuts fees

HARRISON WORLEY  |  TUESDAY, 1 OCT 2019
An $8 billion industry superannuation fund has cut fees for accumulation members. From today, Energy Super has decreased the asset-based administration fee charged to accumulation members by four basis points - from 0.22% to 0.18%. The move will see ...

NAB builds banking team, cuts fees

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
NAB is continuing its expansion, introducing 163 new roles in its business and private bank while also removing over 100 fees for customers. The majority of the new roles are based in Victoria and New South Wales, with over 130 of the 163 being across ...

Job cuts at RBC I&TS

KANIKA SOOD  |  MONDAY, 30 SEP 2019
RBC Investor & Treasury Services has cut an undisclosed number of jobs from its Australian offices, the company said. RBC I&TS declined to confirm the numbers, but they are understood to be less than 100 contractor roles. "This program was aimed at ...

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

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... companies and increased spending on infrastructure and environmental projection - as well as monetary ones - the PBOC has cut the reserve requirement ratio several times from 17% in March 2018 to a 12-year low of 13% in September this year and cut the ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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