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Showing 1271 - 1280 of 4612 results for "RAISE"

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...

Consultation opens for retirement income review

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... late on Friday afternoon, providing industry participants and the broader Australia community with just over two months to raise issues and material for the review to consider. In its consultation paper, the review panel outlined the questions it wants ...

Complexity equals risk: IOOF chief

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Facing a grilling at the House of Representatives Standing Committee on Economics today, IOOF chief executive Renato Mota said the firm's former complex organisational structure was responsible for additional risk. Asked by Labor MP Daniel Mulino ...

Cbus, UniSuper back new housing bond

KANIKA SOOD  |  THURSDAY, 21 NOV 2019
Cbus and UniSuper have invested in a new $315 million bond issue, which the government will use to finance affordable housing in five states. Cbus took up $30 million of the National Finance and Investment Corporation (NHFIC)'s second bond issue of ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
Over the past few months, I've been singing sad songs about the Australian economy and the need for the Reserve Bank of Australia (RBA) and the Morrison government to do more to reverse the slowing momentum in economic activity in this 'Lucky ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
The chief executive of a small mutual insurer has copped two large fines and a ban from the UK's Financial Conduct Authority and Prudential Regulation Authority after he paid his wife close to $400,000 to reduce his personal tax liability. Stuart Forsyth ...

The AUD is key

BENJAMIN ONG  |  MONDAY, 18 NOV 2019
I painted a picture of the latest domestic surveys and stats last week arguing that the RBA would need to cut interest rates some more to try and reverse the trend deterioration in the domestic economy. In it I briefly touched on the Australian dollar ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... release of worse-than-expected Australian labour market report. Duh! If financial markets were waiting for the jobs report to raise the odds of another Reserve Bank of Australia (RBA) rate reduction, they're too late. The only question that needs ...

Chief economist update: Lower iron ore a boon to the Aussie budget

BENJAMIN ONG  |  THURSDAY, 14 NOV 2019
... decrease in nominal GDP of an equivalent amount". Correspondingly, an increase/decrease of US$10/tonne in the iron prices will raise/lower tax receipts by A$1.1 billion in 2019-20 and by A$3.7 billion in 2020-21. Current iron ore pricing - around A$30/tonne ...

PIMCO to launch first Australian listed trust

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... said. PIMCO confirmed it has appointed its joint lead arrangers and is close to finalising the syndicate to support the raise. Full details of the trust and syndicate are expected to be available by early 2020.