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Showing 111 - 120 of 290 results for "ARA"

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
The US Department of Justice has reached a settlement in its case against assets acquired by Low Taek Jho, also known as Jho Low, and his family. Jho Low allegedly misappropriated funds from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering. Xplore's ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
The International Monetary Fund (IMF) recently released its 'World Economic Outlook' report for October where it slashed its global growth projection to 3.0% this year (from 3.2% forecast in July) before rebounding to 3.4% (downgraded from its ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
Oil prices soared after a drone attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel ...

New super fund tests waters

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women. Super Life is founded by chief executive Pascale Helyar-Moray, who formerly led Human Super. According ...

Advice firm expands to Dubai

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUL 2019
A financial advice firm catering to Australian expats is set to establish a new office in Dubai. Atlas Wealth Management will open a new office in Dubai, located in the Dubai International Finance Centre. The goal of the expansion is for Atlas to provide ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
In its third iteration, challenger superannuation offering Human Super will relaunch under a new name, almost two years after its initial attempt to enter the market. Human Super - a superannuation product designed specifically for women - will relaunch ...

Industry Super Holdings slammed for weapons investment

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2019
Industry Super Holdings is under pressure to divest its stake in a company that supplies weapons technology to Saudi Arabia from the global community. A study conducted by consumer watchdog and activist group SumOfUs reveals ISH, which is owned by industry ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
A former NSW Premier will chair a foundation supported by an Islamic superannuation fund. Bob Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
Brexit uncertainty remains in the headlines ( dis-United Kingdom prime minister Theresa May survived the vote of no confidence immediately called after the crushing defeat of her proposed Brexit deal in the House of Commons); so is the US government ...