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Showing 1331 - 1340 of 3876 results for "August"

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... Thailand (BOT) and the Reserve Bank of India's (RBI) surprise moves towards increased monetary policy accommodation on August 7 supports the bond markets' dim view over the prospects for economic growth and inflation. Not only that, a Bloomberg ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than market expectations for a 25 bps reduction and followed May's 25 bps rate cut. The Bank of ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... down, lopping A$53 billion off the Australian equity market on the same day the Reserve Bank of Australia (RBA) held its August board meeting. As expected, the RBA kept interest rates on hold at 1% following its back-to-back 25 bps interest rate cuts ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... have exited all of its aligned advice businesses, having announced the sale of Count Financial to CountPlus in June. As at August 1, there was 317 advisers licensed by Financial Wisdom. The bank intends to cease providing licensee services through Financial ...

Sequoia acquires dealer group

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2019
... Sequoia acquired Sydney-based Libertas Financial Planning, a national licensee with 68 authorized representatives as at August 1, 60 of which are active financial advisers. Under the arrangement, Libertas will remain separate to InterPrac and continue ...

HSBC chief abruptly resigns

KARREN VERGARA  |  TUESDAY, 6 AUG 2019
... necessary for the bank to move forward in an increasingly challenging environment. John Flint exited HSBC Holdings plc on August 5 as its group chief executive and director, culminating a nearly 30-year career with the global bank. While Flint will not ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... year but was extended to 30 September 2016 so that Marigold Falconer could lodge an application for licence variation. In August 2016, ASIC cancelled the AFS licence of Marigold Falconer because it was unable to satisfy the regulator that it could obtain ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... suspend imports of US agricultural products and threats to retroactively impose tariffs on US farm produce purchased after August 3 this year. China's response shouldn't come as a surprise for it is a natural progression to the escalating war ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... they were 2.66% at the start of 2019 and reached a high of 2.78% in January. They've fallen below 2.0% to 1.86% on August 2. The headlines on that day focused on the markets' disappointment over Fed chair Jerome Powell's forward guidance ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... in relation to contracts covered by the regime, the explanatory memorandum reads. Treasury is taking submissions until August 28.