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Showing 1241 - 1250 of 3553 results for "October 2013"

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... Westpac-Melbourne Institute 'unemployment expectations index' rose by 7.3% (year-on-year) to a reading of 131.8 in October - don't portend good tidings and explain the persistent weakness in consumer confidence and retail spending.

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
IOOF has secured the sale of ANZ's OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment ...

Ophir goes global

ELIZA BAVIN  |  TUESDAY, 15 OCT 2019
Ophir Asset Management has launched a small and mid-cap global fund to give investors access to a more diverse global market. Initially established in October last year as the personal investment strategy for Ophir portfolio managers and their families ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
Hear ye, hear ye! Her majesty Queen Elizabeth II has spoken. "My Government's priority has always been to secure the United Kingdom's departure from the European Union on October 31," she has said. Whether her majesty will later come to regret ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... plan to buy Treasury bills at "an initial pace of approximately $60 billion per month, starting with the period from mid-October [October 15] to mid-November" before adjusting the timing and amount of T-bill purchases "at least into the second quarter ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
Just as the clamour among central banks for fiscal policy aid continue to grow - recently supported by prescriptions from international institutions such as the International Monetary Fund (IMF), the World Bank (WB), the World Trade Organisation (WTO) ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
Post-GFC legislation that stopped big Wall Street banks from using their customers' money to invest in risky trades has seen a revision that could relax some of the restrictions. On October 8, five United Stated agencies approved the changes to the ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... grim warning to us, Australians all. The consumer sentiment index fell from a reading of 98.2 in September to 92.8 in October - the lowest reading since July 2015 - indicating that the number of pessimists is increasing. Instead of lifting confidence ...