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Showing 1341 - 1350 of 6454 results for "Fed"

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... 50-year low of 3.5% in March to a record high of 14.7% the following month - and companies forced into lockdown. Meanwhile, the Fed took interest rates lower - to 0 - 0.25% -- while at the same time ramping up its balance sheet with purchases of Treasuries ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
"This is a once-in-a-100 year type event, we haven't seen this sort of thing in Australia since the end of the first World War..." This was how Australian Prime Minister Scott Morrison described the coronavirus outbreak shortly after the World Health ...

Perpetual wins government fund mandate

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
A new fund from the federal government has appointed a Perpetual subsidiary as its trustee while a consortium of global managers has won the investment management mandate. The Emerging Markets Impact Investment Fund (EMIIF) will invest in small to medium ...

Chief economist update: The All Ords' ups, downs and ups

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2020
... a new peak in February this year. The mood was good: The US and China have reached a trade deal; Brexit's settled; the Fed succeeded in turning the US inverted yield curve - which presaged a recession - after it cut the fed funds rate three times ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... taken at all levels of government to provide relief and to support the recovery for as long as needed." For its part, the Fed is "committed to using our full range of tools to support the economy and to help assure that the recovery from this difficult ...

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Amid the Sargon kerfuffle and an acquisition bid, OneVue has managed to snag its single biggest client in its managed funds administration business. Australian Unity Wealth & Capital Markets (AUWCM) has signed a five-year outsourced managed fund administration ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Australia will have to inject up to $90 billion of additional fiscal stimulus over the next two years if it wants to return the economy to full employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
A disgraced American lobbyist, businessman and movie producer, who was played by actor Kevin Spacey in a movie about his life, has been charged over his role in a fraudulent bitcoin scheme. Jack Abramoff, who in 2006 was sentenced to six years in federal ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
Victorian supermarkets - Woolworths and Coles - have re-introduced buying limits in their stores as hoarders and panic-buyers returned, raiding shelves of toilet paper, paper towel, hand sanitiser, rice, pasta, flour, sugar and the like following reports ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
ASIC is taking Commonwealth Bank and its wealth arm, Colonial First State, to task over $22 million in conflicted remuneration issues which it alleges ran up until June 30 last year. The corporate regulator has sued CBA, and the investment arm of its ...