Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1291 - 1300 of 4003 results for "Cut"

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
Emerging markets had been rallying even before 2017 turned into 2018, outperforming developed markets - 27.8% versus 16.3% - at the end of last year. Those were the days of synchronised growth upswing, given more oomph by Trump's declared corporate ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... global growth (China, in particular), falling commodity prices, emerging market sell-off, etc. - should propel the RBA to act (cut interest rates). It's only thanks to the weakening A$ that the RBA could still afford to sit and wait. Ben Ong is the ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... a 4% hit to UniCredit's equity in a worst case scenario" with Unicredit estimating that "a 10% drop in the lira would cut two basis points off its core capital ratio." The Netherland's ING has a 100%-owned subsidiary - ING Turkey - "Deutsche ...

Raiz beefs up security with AI

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
Micro-investing platform Raiz Invest struck a deal with a US-based cyber security firm to help protect the platform from hackers. Raiz appointed Seattle-based Versive to deploy its security engine in the platform, which grows at over 20% per quarter. ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... Surely, the RBA could raise interest rates now (projecting its optimism over Australia's economic outlook) or it could cut interest rates to give economic activity a move along. Raising interest rates now risks an A$ appreciation (not a good idea ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
Boom! That's the sound of the US economy popping up to an annualised rate of 4.1% in the second quarter of 2018, up from an upwardly revised 2.2% (from 2%) expansion in the first quarter. While this is in line with market expectations, it's ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... limited consumer spending that...means this current state of affairs in the domestic economy could become a prelude to a rate cut. RBA Governor Philip Lowe has already dropped his statement last month that: "In the current circumstances, members agreed ...

Chief economist update: Laissez faire

BENJAMIN ONG  |  WEDNESDAY, 25 JUL 2018
Forget John Maynard Keynes. Forget David Ricardo. A new economic sheriff is in town and his name is Donald J. Trump. POTUS has gone against Keynes' counter-cyclical prescription by increasing fiscal spending - tax cuts and increased expenditure ...