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Showing 91 - 100 of 2109 results for "This Week"

AustralianSuper says cyberattack losses total $750k

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... act found a total of 10 members had a combined $750,000 transferred out of their accounts, which were fully reimbursed this week," AustralianSuper said late Friday. "These members have been offered expert and independent support through IDCARE, which ...

NAB forecasts 50bp rate cut in May

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
... the Australian economy felt during the GFC and COVID." The Reserve Bank of New Zealand (RBNZ) reduced its cash rate this week, citing uncertainty surrounding the tariffs. "Against this backdrop, the recently announced increases in tariffs in the US ...

'Crises happen': Investors reminded to stay calm

ELIZA BAVIN  |  WEDNESDAY, 9 APR 2025
... balances, the superannuation sector is well-placed to ride out the volatility. "Super is a long-term investment. We expect this week's market falls will have little impact in 20 years - and beyond - when most of today's super fund members will be starting ...

WTL mergers three advice firms amid joint venture

KARREN VERGARA  |  FRIDAY, 4 APR 2025
... Financial Services and Wealth Connect Financial Services - after announcing its joint venture with Merchant Wealth Partners this week. The joint venture known as "Investco" will inject an initial $3.5 million into the newly formed national group called ...

Hearts & Minds revalues position amid Opthea fallout

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAR 2025
... (wet AMD). It had been conducting a clinical trial for the past year of a treatment for wet AMD, which it announced this week had failed. Opthea then requested to suspend trading until the end of the month as the failure triggered a repayment event to ...

Family office CIO joins Heritvest

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
... and more sophisticated, they are attracting more investment professionals from large financial services firms. Just this week, Qantas Super's deputy investment officer Chris Grogan moved to the Cambooya family office in the same role. Late last year ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
... strategic review, and the fallout from its dead KKR deal. Notably, Perpetual's board scrapped the KKR deal earlier this week. However, KKR insists that a break fee is still owed and has reserved the right to pursue further damages - a claim Perpetual ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... More broadly, ASIC is actively looking at the regulatory settings for our markets and will release a discussion paper this week on the subject. These new rules demonstrate our commitment to acting where we see it is necessary," he said. An ASX spokesperson ...

Super fund investment in US to skyrocket

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
... growth, jobs, and infrastructure." The report comes as super funds, investment managers and banking leaders go to the US this week to showcase the super system and how it is poised to channel hundreds of billions into the US over the next decade. In ...

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... the economy deserves to be rewarded for its good behaviour with a rate cut ASAP," Bassanese said. "To not cut rates this week would effectively renege on a promise to deliver interest rate relief once there was sufficient progress on lowering inflation ...