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Showing 1161 - 1170 of 4003 results for "Cut"

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... million corporate super mandate, and about two years ago it completed a merger with Rio Tinto staff fund. "We were able to cut down costs from 120 bps to 88 bps for some of those members," Fairley said of the Rio Tinto merger. "The Rio Tinto merger really ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... shave $45 million off its FY20 NPAT, CBA said in company filings then. FirstChoice Employer Super is also making changes to cut fees for members of the option by 65%. It will also reduce its investment fees for the lifestage MySuper options. FirstChoice ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... heads before assessing the best way forward. Strong growth and very low unemployment rate dictates higher interest rates; a cut in interest rates becomes imperative before low inflation turns into lower inflation expectations and morphs into deflation. ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... consumer price inflation has softened... big time. There's no other option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... absolutely now be quantitative easing" - and White House economic adviser Larry Kudlow - he wants the Fed to "immediately" cut interest rates by 50 basis points - ring hollow. The pause that refreshes. The Fed's forward guidance of a pause was sufficient ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
... economy with enough monetary and fiscal stimulus that green shoots are beginning to appear. The People's Bank of China cut the reserve requirement ratio (RRR) - 0.5% on January 15 and 0.5% on January 25 - that is estimated to release around 800 billion ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... platform and investments as cost effective as possible for them," CFS acting executive general manager Kelly Power said. Fee cut details Businesswide, CFS is removing regulatory reform fee across all its products and reducing the investment fees on existing ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
ANZ has denied reports it will cut 8000 jobs over the next three years. This was in response to an article from The Australian stating it obtained board discussions of executives that "canvassed reducing the bank's workforce by almost 20,000 to ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
Commonwealth Bank Australia (CBA) notified the Finance Sector Union (FSU) it will have to reimburse staff after a series of errors resulted in workers being underpaid. Thousands of current and former employees of CBA and BankWest have been underpaid ...