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Showing 1231 - 1240 of 3676 results for "Maintain"

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
The government's announcement of the new JobTrainer package was met with calls to extend the existing JobSeeker and JobKeeper measures as devastating unemployment numbers were released. Unemployment has now hit 7.4%, the highest it has been in two decades ...

Merged First State Super reveals new brand

KANIKA SOOD  |  WEDNESDAY, 15 JUL 2020
... rebranding exercise is driven by the need for differentiating the fund from other similar-sounding funds, reducing costs of maintain multiple brands and highlighting the fund's "commitment to action and impact". "As we continue to grow and expand ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic. In the face of a sharp decline in global output, a massive fiscal response has ...

Cbus, Media Super start due diligence

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
The $54 billion Cbus Super and $6 billion Media Super have signed a memorandum of understanding and will commence due diligence. The two industry funds are aiming for the joint agreement to be in operation in 2021, conditional on due diligence to establish ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
... three years. It will be absorbed into the 100% owned 'direct' client base of InterPrac Securities from July 2020. To maintain a continued relationship with InterPrac Securities, TCA have elected to take part cash and part equity in Sequoia. Sequoia issued ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... ready to scale-up its bond buying purchases again to ensure bond markets remain functional. The RBA board decided to maintain the current policy settings, including the targets for the cash rate and the yield on three-year Australian government bonds ...

REIT revises up portfolio value

KANIKA SOOD  |  MONDAY, 6 JUL 2020
... valuations remain subject to finalization and audit," CIP said in ASX filings this morning. "The CIP portfolio continued to maintain its strong position throughout the COVID-19 affected period. Industrial property remained resilient during this trading ...

Hostplus exec jumps to First State

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
Hostplus' executive manager, client relationships and business growth has departed the fund to take up a new position at First State Super. Hostplus confirmed that Helen Wood, executive manager, client relationships and business growth has recently ...

Industry fund eyes KiwiSaver accounts

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
A $3.4 billion industry superannuation fund has struck an exclusive partnership which it hopes will help it attract 3000 new members each year. First Super, which traditionally services the paper and timber industry but is public offer, will now be ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... restrain household spending and lift savings. Reduced household purchases would force businesses to lower selling prices to maintain revenue (at the very least) and reduce investment on plant, machinery and equipment staff - suggesting that the unemployment ...