Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1201 - 1210 of 3268 results for "January 29"

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
... 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 800 billion yuan (US$117 billion) of liquidity into the economy. This was followed by ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Industry funds will shortly take the lead from SMSFs as the sector with the largest assets under management, new KPMG research predicts. KPMG's annual Super Insights report suggests by 2029, industry funds will have more than $2 trillion in assets and ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
Citigroup will pay more than $3 million to remediate customers who received general financial advice, believing it to be personal advice. The group must refund 114 retail customers for losses they incurred after investing in structured Citigroup products ...

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 ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
The $120 billion industry super-owned fund manager has paid roughly $490,000 to settle a sexual harassment case in the UK. Nathalie Abildgaard, an associate on IFM's infrastructure equity team filed a claim with the UK Employment Tribunal earlier ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
Early New Year predictions the Australian dollar would depreciate by the end of 2019 have been given a boost by the International Monetary Fund's (IMF) 'World Economic Outlook, April' report where it shaved its world GDP growth forecast ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
The International Monetary Fund (IMF) recently released its World Economic Outlook April report where it slashed its global growth projections to 3.3% this year, down from 3.5% forecast in January and from 3.7% predicted in its October 2018 outlook ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
The last time we heard some sort of policy guidance from the Bank of Japan (BOJ) was in early February this year when governor Haruhiko Kuroda was quoted as saying that: "If (currency moves) are having an impact on the economy and prices, and if we ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties. ASIC also disqualified 28 directors and there were 72 instances ...