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Showing 1151 - 1160 of 4003 results for "Cut"

Chief economist update: A tariff for a tariff

BENJAMIN ONG  |  TUESDAY, 14 MAY 2019
"If your opponent is temperamental, seek to irritate him. Pretend to be weak, that he may grow arrogant. If he is taking his ease, give him no rest." - Sun Tzu, The Art of War Trump must be fuming and scratching his golden hair. Not that China retaliated ...

Pension fund giant cuts BHP

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
BHP Group is among several companies a $106 billion international pension fund has excluded from its investment universe as it aims to rid its portfolio of coal. Norway's Kommunal Landspensjonskasse (KLP) took the decision to divest almost $520,000 ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... monetary policy unchanged at neutral only a day before the RBNZ meeting - New Zealand's central bank opted to just do it, cut the official cash rate and forward-guided markets that there could be more rate reductions to come. Table 6.1 "Key forecast ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its policy bias at NEUTRAL. We're ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
TAL is making major changes to its retail business that will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... network to match." Elliot insisted ANZ has an "intense focus on costs." He referred to changes the bank has already made to cut costs, saying: "Our track record, simplifying New Zealand, transforming Institutional and the hard decision of selling 23 ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... of $400 million in productivity savings over the full year, of which $146 million were delivered over this half. The bank cut 788 full-time employees in the period. Interim dividend was kept flat at 94 cents and will be paid out on June 24. Dividend ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... and stable." Not anymore. The balance of probabilities indicated by these fresh developments give the RBA every reason to cut interest rates if it so decides. Then again, the Australian dollar has dropped since its April 2 meeting - down 1.7% versus ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... stance of monetary policy," financial markets aren't too convince. This hasn't stopped silent whispers the Fed would cut interest rates before 2019 is over. The CME FedWatch Tool puts the probability the Fed funds rate would remain at 2.25%-2.5% ...

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
ANZ increased the size of its remediation team by 50% in an effort to cut through its refund program. Announcing its first half results, the bank said the move was part of its broader attempt to build trust and lead the industry "with purpose" following ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
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
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
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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