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Showing 1381 - 1390 of 2953 results for "August 4"

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 ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
Bills to enact the First Home Super Savers Scheme, residential downsizing incentives, and a raft of additional superannuation and retirement policies announced following this years' Budget may not be introduced to Parliament before the end of the year. ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
Unlike the Bank of Canada (BOC) which he headed from 2008-2013, now Bank of England (BOE) governor Mark Carney didn't follow through on the remarks he made at the European Central Bank Forum in Portugal that, "Some removal of monetary stimulus is likely ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... was bullish and one that's already painted by RBA governor Philip Lowe's statement after the bank's board meeting on 1 August (where it kept the official cash rate unchanged at 1.5%). But despite the RBA's optimistic outlook, the domestic equity market ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

New portfolio manager at IOOF

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2017
IOOF announced the appointment of a new lead to manage its Australian equities portfolio. Paul Crisci replaces Dan Farmer, who recently became chief investment officer on July 1, and has also been managing the Australian equities portfolio since February ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

DomaCom to ease issue of retirement funding

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
Fractional property investment platform DomaCom has signaled a move into reverse mortgage lending, confirming it is developing a senior equity release product to be available before 2018. In its quarterly update DomaCom outlined its plans for a senior ...