Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1081 - 1090 of 4003 results for "Cut"

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... of US imports from China starting 1 September. The yield differential stood at -29 bps at the end of last week. The Fed can cut all it wants and even restart QE, but the die has been cast. The Fed's percentage point rate reduction from 5.25% in 2006 ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

State Street loses biggest ETF title

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
State Street has surrendered its title as the issuer of Australia's largest ETF, as investors withdrew more than $130 million net from its exchange traded products in July. The SPDR S&P/ASX 200 [ASX: STW] fell to $3.9 billion after about $170 million ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... heading for normality, the US Federal Reserve made an about-face in July, discarding its trek towards policy normalisation and cut the fed funds rate by 25 basis points to 2.25% in what's speculated of a rate-cutting regime. The Bank of Japan (BOJ) ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... services they've told us are important to them, including an improved digital offering and new member app. We've also recently cut fees for over 500,000 members." FirstChoice Employer Super had $12.15 billion in net assets at end of last financial year ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... accounts for 3.1% - the fourth largest. The continuing deterioration in the UK's economic fundamentals has ignited BOE rate cut speculations. But with the Bank Rate at 0.75% -- just 50 bps above its record low of 0.25% -- and QE still in place, it's ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... the government. Can't blame 'em. Disappointment over the Fed's non-commitment over further rate cuts - after it cut the fed funds rate by 25 bps to 2.25% at its July FOMC meeting - compounded by Trump's escalation trade tensions with ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
It's a hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... likely that it would announce another one (or two or three?) reduction in interest rates. Financial markets expect the RBA to cut interest rates by another 25 bps to 0.75% at its November 2019 meeting. While the RBA remains optimistic "the low level ...