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Showing 1371 - 1380 of 5508 results for "September 30"

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
A former AMP lawyer is claiming over $2 million from the company for unfair dismissal after she raised concerns about fee-for-no-services practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the ...

Firetrail fund gets Morningstar rating

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
Firetrail's Australian High Conviction Fund has earned a bronze rating from Morningstar after underperforming the benchmark by 11.7% in the year to September end. The fund holds a concentrated portfolio of Australian stocks and is managed by former ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
The International Monetary Fund (IMF) recently released its 'World Economic Outlook' report for October where it slashed its global growth projection to 3.0% this year (from 3.2% forecast in July) before rebounding to 3.4% (downgraded from its ...

FASEA clears up code of ethics

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
The Financial Adviser Standards and Ethics Authority have released a guidance document for its code of ethics for financial advisers, which will come into effect on January 1, 2020. The code comprises of five values and 12 standards and has been designed ...

Trillionaires around the corner: study

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
The world is only six years away from welcoming its first trillionaire, according to a new study that looked at the private wealth of the world's richest denizens. Amazon founder and chief executive Jeff Bezos is on the way to becoming the first ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
If it walks like a duck and quacks like a duck, is it a duck? It is not, according to the US Federal Reserve. On October 11, the Fed issued a press release explaining its plan to buy Treasury bills at "an initial pace of approximately $60 billion per ...

mFunds crack $1 billion, PIMCO dominates

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
Five years after they launched, ASX mFunds have finally cracked $1 billion, with PIMCO's funds emerging as the most popular. mFunds is the ASX's marketplace for unlisted managed funds, allowing investors and advisers to buy and sell units in ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... Japanese manufacturers. Recent data shows that the Jibun Bank Japan Manufacturing PMI fell to a reading of 48.9 in September - the fifth straight month of contraction in the sector. Likewise, while it came in better than market expectations, the Bank ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... household item (114.5 from 119.6). While the unemployment expectations index improved to 131.8 in October from 133.6 in September - a positive - it's 7.3% higher than last year and above the long-term average of 130. Consumer sentiment regarding ...