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Showing 1261 - 1270 of 4003 results for "Cut"

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
Spend, spend, spend appears to be this year's overriding mantra of the US consumer. The slow start in the first quarter of 2018 had been replaced by back-to-back quarters of exceptionally strong contributions to overall growth from American household ...

Idle technology leaves super fund members behind

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... two years - even before it was launched, he said. He added it took three months to build the platform, but took 18 months to cut through the red tape and pass through the legal barriers. Holloway said a "perform storm" has contributed to disengaging ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
Persistent sell orders have put Wall Street's major benchmark indices either in a correction (defined as a 10% drop from the nearest peak) or on the cusp of one: Nasdaq (-11.5%) and Russell 2000 (-15.6%); S&P 500 (-9.4%) and DJIA (-8.4%). The sell-off ...

Young Aussies set lofty retirement goals

KARREN VERGARA  |  WEDNESDAY, 24 OCT 2018
Australian millennials are aiming to retire comfortably at 50 with $5 million in their nest egg, a new survey shows. Trading platform Stake surveyed 506 Australians and those aged between 18 and 34 said investing in US stocks will help make their goals ...

Chief economist update: If you can't beat Trump, copy Trump

BENJAMIN ONG  |  TUESDAY, 23 OCT 2018
The Shanghai composite index surged by 4.1% at the end of yesterday's trading activity in China. This is the biggest single day gained since 2 March 2016 (4.3%) and followed the 2.5% jump in the index last Friday. This is to be expected given that ...

Chief economist update: China's slowing fast

BENJAMIN ONG  |  MONDAY, 22 OCT 2018
... indicators suggest that unless authorities introduce more accommodative measures - the People's Bank of Chin (PBOC) has already cut the reserve requirement ratio four times this year for a total of 250 basis points, among others - economic growth ...

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business. TAL said an ongoing program of change has been underway for some time and has so far resulted in reduced staffing requirements ...

Industry fund drops life premiums, pension fees

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
... mandate. It also slashed the administration fee on its pension account. Under a new group cover deal with MetLife, REI Super has cut premiums on death and disablement insurance, benefitting the majority of its members. The lower premiums, introduced ...

Chief economist update: Bull markets don't die of old age

BENJAMIN ONG  |  THURSDAY, 18 OCT 2018
Sticks and stones may break my bones, but Trump's continued criticisms wouldn't hurt me! US President Donald Trump has blamed the Fed for sparking the recent sell-off on Wall Street as well as threatening to undo the "good" for the economy that ...

Colonial First State to cut tobacco by 2020

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
Colonial First State has vouched to offload all its tobacco-related investments by 2020, as it signs on to the UN-endorsed Tobacco-Free Finance Pledge. CFS currently has less than 1% of total assets in tobacco-related investments but declined to disclose ...