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Showing 1051 - 1060 of 4160 results for "April"

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation industry from 20 April 2020 to 31 December 2020. The ERS scheme surpassed Treasury's initial estimates of $29 billion but has fallen short of its revised ...

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
... year. Our balances assume that during 2H21, OPEC+ will still withhold 5.8 mb/d of oil from the market as per the group's April 2020 agreement." But 2020's mantra remains in play, crude oil prices remain hostage to COVID-19 and its variant.

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... additional $100 billion of bonds issued by the Australian government when the current bond purchase program is completed in mid April. These additional purchases will be at the current rate of $5 billion a week. Lowe's statement explains the method ...

NAB swallows up neobank

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
... deposits, $270 million in approves residential mortgages and 2500 accredited brokers will all be under the NAB Group. In April 2020, NAB announced plans to prioritise UBank, its Australian direct banking arm. NAB said the acquisition of 86 400 will accelerate ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but remains well-below the pre-pandemic level of 3.5%. More telling, Fed chair Jerome Powell thinks that the real rate ...

Charity LIC chief executive to depart

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... companies' chief executive Louise Walsh will leave after six years and look for new role. Walsh will step down from the role in April. Wilson Asset Management chief executive Kate Thorley, who is also a director at Future Generation Investment Company ...

Chief economist update: Japan's second state of emergency

BENJAMIN ONG  |  TUESDAY, 19 JAN 2021
... Manufacturing and service sector activity - as measured by the au Jibun Bank Japan PMI - rebounded from the record lows seen in April last year. The sun was finally rising in Japan. That is until the third wave of the COVID-19 pandemic hit when the number ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
MTAA Super and Tasplan will take on a new name on April 1, as their $23 billion merger completes. The combined fund will be called Spirit Super and have 326,000 members and lower administration fees. MTAA Super chief executive Leanne Turner, who will ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
... and face covering rules. The Netherlands entered a partial lockdown. Central Europe, which had been spared in the March-April wave, saw big spikes in cases." We know what happened thereafter, virus infections (including from the new variant) got out ...

BNP Paribas to offer initial margin services

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... started to phase in from September 2016, with the sixth and final phase set for September 2022 after a year-long deferral in April 2020. "Asset owners can have a challenging time when implementing initial margin requirements due to the size of their ...