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

Search Results

Showing 1341 - 1350 of 12383 results for "May"

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... relating to his misappropriation of funds invested for trading and investment purposes. The court determined that between May 2016 and November 2017, Ali dishonestly used funds provided by investors to purchase a BMW motor vehicle for a personal associate ...

Chinese property market to stabilise

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... been under-scaled and are likely to continue in this manner. "We anticipate an iterative process in which the authorities may be pushed to add incremental resources, combined with the market's slow natural clearing process as excess supply gets worked ...

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... 232 Business Continuity Management (SPS 232). Under the terms of the new licence conditions, which came into force from 27 May 2024, Mercer Super must develop and implement a remediation plan in conjunction with an independent expert that addresses the ...

Lendlease ditches overseas construction

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... about 35% of its funds under management (FUM), which stood at $32 billion at the end of financial year 2023. Separately, on May 10 Lendlease announced that the Australian Taxation Office (ATO) will force it to pay $112.1 million from the partial sale ...

abrdn global chief executive steps down

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... that it is the right time for Stephen to hand over the reins to the team" effective June 30, the fund manager announced on May 24. Bird was formally appointed chief executive in September 2020. He previously served as chief executive of global consumer ...

KKR forms exclusive partnership with Capital Group

ANDREW MCKEAN  |  MONDAY, 27 MAY 2024
... compelling way to bring the benefits of alternatives to an even wider audience of investors across wealth and retirement who may not have had access to them historically," he said. Separately, Gitlin explained that Capital Group has been researching ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... will launch the Fidelity Asia Fund, Fidelity India Fund, and Fidelity Global Future Leaders Fund as active ETFs on the ASX on May 31. This will be followed by the launch of the Fidelity Australian High Conviction Fund - until this week known as the Fidelity ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... Under the AFSL, Everest had authority to advise and deal in managed investment schemes. "Under the Corporations Act, ASIC may suspend or cancel an AFS licence if a licensee fails to meet its general obligations under s912A. This includes the obligation ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... The Reserve Bank of Australia (RBA) board has confirmed it discussed both leaving interest rates unchanged and a hike at its May meeting. The board minutes were in line with messaging from RBA governor Michele Bullock, who spoke at a press conference ...

Financial services firms concerned about attracting staff

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... offering fails to meet candidates' expectations. The research reveals 89% of employers and 71% of employees believe their company may struggle to source skilled employees, and while inadequate salaries is the main concern for office workers, it is not ...