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

Search Results

Showing 1331 - 1340 of 2953 results for "August 4"

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
Westpac has entered into an agreement with a UK firm to sell its infrastructure manager subsidiary. Subject to due diligence and regulatory approvals, Northill will acquire Hastings Funds Management. The terms of the agreement are currently confidential. ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
Financial markets got what they wished for from the world's three biggest central banks that met last week. The Bank of Japan (BOJ), the Fed and the Bank of England (BOE) all delivered as expected but not without help from the repeated and reiterated ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
It was the event that wasn't. This event, of course, is the US Federal Reserve's 31 October - 1 November FOMC meeting. The Fed's forward guidance is the same as it was in the 20 September FOMC statement when it announced that it would initiate its balance ...

Two holds and a raise

BENJAMIN ONG  |  TUESDAY, 31 OCT 2017
... this one (if it comes). A solid labour market - the unemployment rate was at a 42-year low of 4.3% in the three months to August - and above target inflation - headline CPI at 3% in September, core at 2.7% - dictates that it should proceed with interest ...

Melbourne advice firm cops historic $1 million fine

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
A Melbourne-based financial advice firm is the first to be penalised for breaching the best interests duty, slapped with a $1 million fine by the Federal Court. NSG Services, currently named Golden Financial Group, was found on eight separate occasions ...

Surefire Melbourne Cup bet

BENJAMIN ONG  |  MONDAY, 30 OCT 2017
Want a sure bet for next week's Melbourne Cup? Bet on the Reserve Bank of Australia (RBA) not moving on interest rates when its board meets on Melbourne Cup Day, Tuesday 7 November. Yes Virginia, I know, it's like saying that sugar is sweet and made ...

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
The European Central Bank's (ECB) October monetary policy meeting ended financial market speculations over its QE exit strategy. ECB president Mario Draghi did what he telegraphed he would -- discuss QE unwind strategy in October - and offered something ...

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
The Commonwealth Bank is standing by the way it rewarded bonuses to senior executives between 2015 and 2016, the period it was made aware of potential anti-money laundering and counter-terrorism law breaches, a public inquiry has found. Commonwealth ...

Enter the dragon

BENJAMIN ONG  |  MONDAY, 23 OCT 2017
Good, bad or ugly, there were events a-plenty last week for speculators and investors to digest for guidance on what lies ahead. There's the lingering North Korean nuclear threat - although this has barely made it to headlines over the past week; there's ...