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Showing 111 - 120 of 912 results for "US market"

Bitcoin bonanza amid COVID-19 crisis

ALLY SELBY | MONDAY, 27 APR 2020

... The investment world's underdog has seen a surge in interest since it hit rock bottom in March, outperforming the US market indices by a mile. Bitcoin, which started the year rising from US$7500 to US$10,5O0, fell just as badly as every other asset ...

BNY Mellon IM country head departs

KANIKA SOOD | MONDAY, 27 APR 2020

BNY Mellon Investment Management's local country head has left after about five years with the company. Phil Filippelis headed distribution and client services for the business in Australia. Denis Gambi, who joined the company three years ago from ...

Markets react as antiviral drug disappoints

ALLY SELBY | FRIDAY, 24 APR 2020

News that a highly anticipated antiviral drug hoped to treat COVID-19 had flopped in human trials saw markets fall overnight. Originally reported by the Financial Times, the publisher said Gilead Sciences antiviral drug remdesivir did not reduce the ...

Global markets bleed red

ALLY SELBY | THURSDAY, 16 APR 2020

US stocks ended in a sea of red on Wednesday as bleak economic data and corporate losses shifted what had been an almost eerily optimistic sentiment towards trade over the last few weeks. US markets had made somewhat of a recovery of late, with the ...

Wall Street rally runs out of steam

ALLY SELBY | WEDNESDAY, 8 APR 2020

Wall Street's rally seems to have run out of steam, with the major indexes ending the day of trade in a sea of red. Early in trade the Dow Jones surged 900-points before closing down 0.12%. Similarly, the S&P 500 lost 0.16% and the Nasdaq Composite ...

Pinnacle distribution director takes new role

KANIKA SOOD | THURSDAY, 26 MAR 2020

Pinnacle Investment Management's director of institutional sales is leaving the role for a $12.8 billion multi-boutique. Duncan Hodnett will join Maple-Brown Abbott as its head of global distribution coming Monday. The newly-created role puts Hodnett ...

Dow skyrockets in two-day winning streak

ALLY SELBY | THURSDAY, 26 MAR 2020

... government policies." Perpetual also doesn't believe we have hit rock bottom yet. "The rally was unconvincing with the US market in particular closing well off its peak and with little momentum," it said. "As the environment is governed by massive ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY | TUESDAY, 10 MAR 2020

... 7289.7, it has lost $440 billion in market value. "Local damage is however dwarfed by global wealth contraction with the US market alone losing US$5.7 trillion from its all-time highs a mere three weeks ago." Birkhold said the long-running bull market ...

Gender diversity remains static, women still disadvantaged

ALLY SELBY | TUESDAY, 3 MAR 2020

... steadily becoming more gender diverse," Morningstar said. "In 2000, 11% of directors of companies in the Morningstar US Market TR USD index were women. Representation of women had doubled to 22% by the end of 2018, according to the most recent available ...

Moelis Australia names co-chiefs, acquires lender

KANIKA SOOD | WEDNESDAY, 26 FEB 2020

Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market. Julian Biggins and Chris Wyke ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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