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Showing 1271 - 1280 of 3876 results for "August"

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

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... will become." Pessimistic consumers are not going to spend - retail sales remain sluggish (up just 2.6% in the year to August, down from its recent high of 3.7% recorded last year and way below the 6%-8% rate during the boom time before the GFC - and ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... director, superannuation, retirement and platforms. Finch will report to Wade. De Ferrari said: " The strategy we set out in August is focused on reinventing AMP to be a client-led, simpler and more growth-oriented business. Bringing together our bank ...

Fidelity wholesale director departs

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... of wholesale sales for its Australian business after the incumbent left. Andrew Mathie finished up at Fidelity in late August, after two years with the company. Mathie worked directly with Fidelity managing director for Australia Alva Devoy, focused ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... the US Institute of Supply Management (ISM) manufacturing index dropped deeper into contraction territory from 49.1 in August to a reading of 47.8 in September - the lowest since June 2009 (GFC days) and lower than market expectations for an increase ...

Legg Mason expands Asia Pacific role

ELIZA BAVIN  |  THURSDAY, 3 OCT 2019
... taking effect on the first of this month. Sowerby has held the role of country head for Australia and New Zealand since August 2016, and will continue to report to head of global distribution Terry Johnson. "Andy has more than 25 years of experience ...

Bravura signs with major fund administrator

ELIZABETH MCARTHUR  |  THURSDAY, 3 OCT 2019
... functionality, means we are well-placed to support their ambitions to drive change and shape the funds landscape in Australia." In August, Bravura acquired Midwinter Financial Services for a total consideration of $50 million. The deal opened an avenue ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... the US Institute of Supply Management (ISM) manufacturing index dropped deeper into contraction territory from 49.1 in August to a reading of 47.8 in September - the lowest since June 2009 (GFC days) and lower than market expectations for an increase ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic macro-economic fundamentals, it finds itself doing even more stitching. ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... that NAB has already made approximately 450,000 payments to customers with a total value of $202 million from June 2018 to August this year and have a dedicated team of 400 people handling remediation. The bank says 92% of charges are for wealth and ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... in the previous month), due largely to the deepening contraction in the manufacturing sector (down to 45.6 from 47.0 in August) and the decline in the services sector (to 52.0 from 53.5). Moreover, both headline (1%) and core inflation (0.9%) remains ...