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Showing 1171 - 1180 of 4003 results for "Cut"

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
... People's Bank of China (PBOC) and the country's fiscal authorities are starting to bear fruit. The People's Bank of China cut the reserve requirement ratio (RRR) - 0.5% on 15 January and 0.5% on 25 January - that is estimated to release around ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... on employees," the FSU said. The FSU referred to an article in The Australian, which alleges Comyn has a "secret plan" to cut more than 10,000 employees. The FSU said it understands Comyn's plan includes shutting down 300 branches. FSU national secretary ...

Industry welcomes tax cuts and surplus

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... Budget, Financial Standard 's latest straw poll shows. More than a third or 35% of participants highly favoured the tax cut proposals, closely followed by the surplus, which was welcomed by 27% of readers. A minority of participants said they appreciated ...

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
Equity markets everywhere may not be climbing in a straight line, but they are climbing. This is happening against a backdrop of continued global economic and financial uncertainties. In its 'World Economic Outlook, April 2019' report - where ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... will keep interest rates on ice for the remainder of 2019 and the RBA is presently on a neutral bias, both are expected to cut interest rates this year. Perhaps, the only explanation to the AUD's resilience is the 2019 rebound in commodity prices. ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... appears to be shrinking by more. The Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, cut output by 1.2 million barrels per day (mpd) starting 1 January 2019 that would last until the end of June this year. In ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... quantitative easing". And days before that, White House economic adviser Larry Kudlow made it known he wants the Fed to "immediately" cut interest rates by 50 basis points. What's a Fed chair to do? What else but go back to its statutory dual mandate ...

Ironbark, Zurich shutter funds

KANIKA SOOD  |  FRIDAY, 5 APR 2019
... our loyal advisers and investors." In a March 15 note Morningstar analyst Tim Wong said the fund was expected to make a fee cut in April to nudge it towards the $250 million AUM that would have made it break even. Wong highlighted the lack of stability ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... sweeping changes to the wealth manager's leadership structure. Last month, AMP scrapped bonuses for leadership teams, cut board director fees and announced that former executives would be forfeiting long and short term incentives. On the same day ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
The 2019-20 Federal Budget's subdued approach has received a similar welcome from the wealth industry. The big players are neither up in arms nor full of praise for the Budget, which was headlined by personal tax cuts and a $7.1 billion surplus ...