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Showing 1381 - 1390 of 2961 results for "August 2010"

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
The Commonwealth Bank is potentially facing the largest shareholder class action in Australian history, according to Maurice Blackburn Lawyers. In a statement, Maurice Blackburn said it was partnering with litigation funder IMF Bentham to open registrations ...

Westpac halts $14bn asset manager sale

ALEX BURKE  |  FRIDAY, 18 AUG 2017
Westpac has ended discussions regarding the sale of a $14 billion asset management subsidiary after the prospective bidder decided not to proceed. Charter Hall had originally entered talks with Westpac regarding the potential acquisition of Hastings ...

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
The Australian Bureau of Statistics' (ABS) 'Wage Price Index' report for the June quarter confirmed what we, Australians all, already know...wages growth remains sluggish. Even market consensus got it on point. Growth in total wages stood still at a ...

Fed gets green light

BENJAMIN ONG  |  WEDNESDAY, 16 AUG 2017
... homebuilders. To roundup the good news night, The Empire State general business conditions index surged to a reading of 25.2 in August - the best reading since September 2014 - from 9.8 in the previous month and expectations for an unchanged 9.8 reading. ...

AMP Capital seeks growth in Real Estate

EMMA RAPAPORT  |  FRIDAY, 11 AUG 2017
AMP Capital is gearing up for its next phase of growth with several appointments across its Real Estate business. According to AMP Capital global head of real estate Carmel Hourigan, these appointments demonstrate the continued momentum behind AMP Capital ...

Life insurer surpasses code of conduct

KARREN VERGARA  |  THURSDAY, 10 AUG 2017
TAL is going above and beyond the minimum requirements of the life insurance code of conduct and calling others in the industry to follow suit. The life insurer is applying the code's minimum medical definitions for cancer, heart attack and stroke in ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
Not happy Jan! This is the collective cry of Australian consumers according to the latest Westpac-Melbourne Institute consumer sentiment survey. Yet only a day before, the NAB business survey showed that business conditions in July were at their best ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Commonwealth Bank confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access ...

New Zealand advice industry to be overhauled

JAMIE WILLIAMSON  |  WEDNESDAY, 9 AUG 2017
The New Zealand government is looking to remove the distinction between class and personal advice, as well as allow the provision of digital advice as it seeks to overhaul the country's regulatory regime for financial advisers. The Financial Services ...

Inflation: Cost-pushed and demand-pulled

BENJAMIN ONG  |  WEDNESDAY, 9 AUG 2017
... also wouldn't be sufficient demand to pull consumer prices up. A dynamic not lost on the Australian central bank. In its August 'Statement on Monetary Policy', the RBA stated: "expectations for low real wage growth remain a key downside risk for household ...