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Showing 1371 - 1380 of 7108 results for "December"

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... admission of new active ETFs and ETMFs was paused while ASIC completed its work. The regulator finished its review in December 2019 but didn't publish new guidelines until April 2020. Monash received all relevant approvals by February 2021 after working ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... issued under the CARES Act in March 2020; there's the cheque for US$600 per person (US$600 per child) announced in December 2020; there's the US$1400 per person (plus US$1400 per each dependent of all ages) signed off in March 2021. But herein ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... and 53% left their fees unchanged. The share of superannuation products that lowered their fees, was smaller than the December quarter. "While a 37% quarterly fee decrease ratio is huge, it's one-third lower than the 56% ratio it was last quarter. The ...

Macquarie subsidiary to acquire REIT

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... VTH told the ASX. Further, VTH's board urged shareholders to "vote in favour" of the proposal. In the half-year to December 2020, VTH reported a net profit of $23.7 million, nearly doubling the amount it made in the prior corresponding period. VTH ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... should cease entering into new contracts using USD LIBOR as a reference rate as soon as practicable and no later than 31 December 2021. The Financial Stability Board supports the adoption of overnight risk-free rates where appropriate, and recognizes ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... respectively, it forecast in March and a sharp upgrade from the 4.2% (for 2021) and 3.7% (for 2022) predicted in its December 2020 report. The price of Brent oil rallied to US$71.20/barrel and WTI oil soared to US$68.83 a barrel. This year to date, the ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... there'll be more spending going forward to satisfy pent-up demand. The savings ratio was recorded at 5.4% in the December 2020 quarter and has dropped by as much as -1.7% in the December 2002 quarter. That's a lotta savings that'll go towards ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... 'Economic Outlook' report upgraded Australian GDP growth to 5.1% this year (from 4.75% it forecast in March and 3.2% in December 2020. This stronger economic growth would boost the labour market with the RBA expecting the jobless rate to continue ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Financial Services Report Litigation funding and the regulation of the class action industry, which was handed down on 21 December 2020, contained 31 recommendations. The report showed the growth of litigation funding, the participation of international ...

Chief economist update: OECD upgrades global growth but advises continued policy support

BENJAMIN ONG  |  TUESDAY, 1 JUN 2021
... respectively, it forecast in March and a sharp upgrade from the 4.2% (for 2021) and 3.7% (for 2022) predicted in its December 2020 report. However, it cautioned that the recovery is likely uneven... "In many advanced economies more and more people are ...