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Showing 1161 - 1170 of 2952 results for "August 4"

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Federal Government has moved to strengthen supervision of the financial services industry, boosting APRA's funding and reappointing chair Wayne Byres for five years. The prudential regulator will welcome an extra $58.7 million in funding over ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
... previous three-month period; excluding bonuses, earnings growth quickened to 3.1% (year-on-year) in the three months to August -- the fastest rate since January 2009 - from 2.9% in the previous period. But governor Carney could be forgiven for "waiting" ...

CBA ramps up blockchain

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
Commonwealth Bank is close to completing more blockchain projects, after it delivered the world's first blockchain bond with World Bank in August. Speaking at SIBOS, Sophie Gilder who is CBA's head of experimentation and commercialisation for ...

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
Not to rain on the fintech parade but financial advisers and investors in Australia must stay alert against Ponzi schemes posing as P2P platforms. In a paper released by the SWIFT Institute titled "Quo Vadis? A comparison of the fintech revolution in ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
Persistent sell orders have put Wall Street's major benchmark indices either in a correction (defined as a 10% drop from the nearest peak) or on the cusp of one: Nasdaq (-11.5%) and Russell 2000 (-15.6%); S&P 500 (-9.4%) and DJIA (-8.4%). The sell-off ...

Challenger expands distribution reach

KARREN VERGARA  |  WEDNESDAY, 24 OCT 2018
Challenger is ramping up its distribution capabilities by launching its annuities on a fifth platform. Challenger fixed-term and lifetime annuities will launch on the netwealth platform. It follows an announcement in August that saw products made available ...

Afterpay faces senate inquiry

KARREN VERGARA  |  FRIDAY, 19 OCT 2018
The Labor party will launch a senate inquiry into whether regulation around payday lenders such as Afterpay is adequately protecting low and middle income, and financially stressed Australians. Labor senator Jenny McAllister said yesterday that the ...

Chief economist update: Bull markets don't die of old age

BENJAMIN ONG  |  THURSDAY, 18 OCT 2018
... building permits for September down to their lowest level since May 2017 and housing starts dropped by 5.3% in the month of August -- and consumer credit. As well as tempering economic growth and therefore sales and profits, higher bond yields reduce ...

Chief economist update: China on the down low

BENJAMIN ONG  |  WEDNESDAY, 17 OCT 2018
At first glance, the acceleration of China's year-on-year consumer price inflation in September to a seven-month high of 2.5% from 2.3% provides a positive indication that domestic demand remains healthy. However, the devil is always in the details. ...

Chief economist update: Blame and trim

BENJAMIN ONG  |  MONDAY, 15 OCT 2018
Trump blamed the Fed for last week's heightened volatility on Wall Street and I agreed that he was correct when he ranted that, "The Fed is going loco and there's no reason for them to do it." This is because - as I wrote last Friday - America's ...