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Showing 1151 - 1160 of 2720 results for "PIC"

Budget big picture

ALEX DUNNIN  |  TUESDAY, 3 MAY 2016
A budget deficit of $40 billion on its way down to just $6 billion in four years masks a massive 29% increase in tax revenue over the forward estimates, pointing to why Treasurer Scott Morrison has had to go after high-end superannuants and multi-nationals. ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 29 APR 2016
Australia export and import prices Prices are dropping like flies. Following on from the disappointingly weak consumer price inflation report for the March quarter, the Australian Bureau of Statistics (ABS) released its latest estimates on Australian ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 20 APR 2016
RBA meeting minutes The A$ broke above US$0.78, trading as high as US$0.7826 overnight and is currently fetching US$0.7805 - a 13.7% appreciation from this year's US$0.6864. The minutes of the RBA's 5 April Board meeting - the local unit was trading ...

Infrastructure Capital Group targets $1bn for asset purchases

MARK SMITH  |  MONDAY, 18 APR 2016
Fund manager Infrastructure Capital Group (ICG) is looking to raise $1 billion from domestic and international institutional investors to add quality established infrastructure businesses and new development projects to its mid-market infrastructure ...

Zurich insurance appoints CFO, updates app

KERRIE SYDEE  |  FRIDAY, 15 APR 2016
Zurich Australian Insurance has appointed Stuart Farquharson as chief financial officer and will commence the role on July 11 based in Sydney. Farquharson joins from AIG where he held the role of CFO for Australia for more than six years. He also held ...

Managed fund outflows push product providers to change strategy

ALEX BURKE  |  THURSDAY, 14 APR 2016
Steady outflows from managed funds since the GFC indicate that retail product manufacturers need to move to new solutions, according to Rainmaker Information research. The Rainmaker Advantage report for the December 2015 quarter shows that, in every ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 14 APR 2016
Australian consumer confidence "...a disappointing result" is how Westpac chief economist Bill Evans described the latest reading from its consumer sentiment survey. The Westpac-Melbourne Institute index of consumer sentiment fell by 4.0% to a 7-month ...

SPIVA report paints sad picture for active management

ALEX BURKE  |  WEDNESDAY, 13 APR 2016
The latest S&P Dow Jones Indices Versus Active Funds (SPIVA) report shows that the majority of Australian active managers underperformed their respective benchmarks over five-year periods. The one exception to this rule was Australian equity small- ...

Look up in the sky, it's the yen

BENJAMIN ONG  |  MONDAY, 11 APR 2016
Safe haven purchases, speculative positioning ahead of the fiscal year-end, repatriation, reduced interest rate yield differential, policy impotence... take your pick. The fact remains that the Japanese yen has appreciated - big time - vis-A -vis the ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 5 APR 2016
Australian retail sales Retail spending showed no change in the month of February. This is lower than market expectations for a 0.4% lift, marking the third month in a row of disappointing retail sales - up 0.3% in January versus expectations for a ...