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Showing 1311 - 1320 of 2953 results for "August 4"

Chief economist update: Consumers don't spend on confidence alone

BENJAMIN ONG  |  THURSDAY, 18 JAN 2018
"Sentiment has continued to recover from the weakness seen in the September quarter last year, bolstered by a less threatening outlook for interest rates and improving confidence around the economy and jobs. While the mood is 'cautiously optimistic' ...

Offshore investment vehicles await passport arrival

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
The Federal Government is close to re-drafting legislation to allow offshore investment vehicles to operate in and from Australia as early as June, Revenue and Financial Services Minister Kelly O'Dwyer says. The long-awaited Asia Region Funds Passport ...

International broker enters Aussie market

DARREN SNYDER  |  MONDAY, 15 JAN 2018
Japanese online broking platform Monex officially enters the Australian market today with intentions to target the self-managed superannuation fund and financial adviser markets. Monex flagged its intention to operate in Australia in August last year. ...

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
Shareholders in the class action against the Commonwealth Bank will receive funding from two IMF Bentham investment vehicles with aggregated capital of $150 million, moving a potentially record-breaking class action against the bank one step closer. ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
NAB refunded $1.7 million to home loan customers after it failed to properly set up mortgage offset accounts, according to ASIC. Customer complaints prompted NAB to conduct an internal review, which found the bank failed to link offset accounts to broker ...

CBA hit with fresh AML breaches by AUSTRAC

EMMA RAPAPORT  |  FRIDAY, 15 DEC 2017
The hits keep coming for CBA with fresh allegations of money laundering and counter-terrorism financing levelled by the regulator. In amended statement of claim released yesterday, AUSTRAC filed a further 100 alleged breaches of anti-money laundering ...

Australian hedge fund manager eyes bigger slice of NZ telco pie

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2017
An Australian hedge fund manager has received court approval to acquire more than 10% of New Zealand's largest telecommunications company. L1 Capital, in respect of certain funds, has been granted approved by the New Zealand Crown to acquire a relevant ...

Fixed income specialist wins mandate

KARREN VERGARA  |  THURSDAY, 7 DEC 2017
Alpha Fund Managers has awarded a mandate to a specialist equity and fixed income boutique investment manager. Premium China Funds Management's Premium Asia Income Fund was selected for its ability to manage emerging market debt sector exposure and ...

A case for faster wages growth (or not)

BENJAMIN ONG  |  WEDNESDAY, 6 DEC 2017
The Reserve Bank of Australia (RBA) didn't disappoint market expectations when it conducted its last board meeting for 2017. The Australian central bank kept the official cash rate where it had been since August 2016, at a record low 1.5%. The December ...

Capex brings cheer

BENJAMIN ONG  |  FRIDAY, 1 DEC 2017
"You can't make people be confident, I certainly can't. I've allowed the horse to come to the water with cheap funding. I can't make it drink." This was then RBA governor Glenn Stevens' statement to the House of Representatives Standing Committee on ...