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Showing 1421 - 1430 of 3464 results for "Stake"

CBA appoints chief economist

ALLY SELBY  |  TUESDAY, 7 APR 2020
Commonwealth Bank has appointed a new chief economist, set to take on the new role in addition to his responsibilities as the bank's head of global economic and markets research. Stephen Halmarick nabbed the new role this week, having been with ...

Property manager, sovereign wealth fund enter JV

ALLY SELBY  |  MONDAY, 6 APR 2020
A $33.8 billion Australian property manager has acquired a 50% stake in a Collins Street skyscraper, forking out $644 million as part of a joint venture with a sovereign wealth fund. Dexus announced the establishment of a new joint venture with GIC ...

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music. Although ...

Chant West sale hits roadblock

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... Zenith (through its 100% owned subsidiary CW Bidco Pty Limited in which private equity firm Five V Capital has a controlling stake) entered a business sale agreement for a price of $12 million. This morning, Chant West said it had received a letter from ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... caused by the US government refusing to bail-out the Lehman Brothers. After they did that it became apparent how much of a stake it had in all the banks, so the knock on effects was the cause of the crisis," Teh said. Part of the exaggerated reaction ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... to the companies by China's Taiping Trustees. So far, OneVue has been able to recoup $4.36 million from selling Sargon's stake in ASX-listed Sequoia Financial Group. It also has 100% control of Madison Financial Group, and is in line with other creditors ...

CHESS replacement delayed

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
The Australian Stock Exchange has been forced to delay the replacement of its CHESS system. The impact of COVID-19 is continuing to spread, with the outbreak now forcing the delay of the ASX's CHESS replacement system. Originally slated to go-live from ...

Ontario Teachers' takes stake in Sydney desal plant

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... along with Morrison & Co, on behalf of the Utilities Trust of Australia have acquired The Infrastructure Fund's ownership stake in the Sydney Desalination Plant. Following the transaction, Ontario Teachers' ownership of the plant will increase to 60% ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
Australians who take out $20,000 from their superannuation due to the COVID-19 economic slowdown will sacrifice nearly $79,000 from their retirement nest eggs, according to new Rainmaker modelling. Rainmaker modelled after-fee, after-tax superannuation ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
The superannuation sector has been called on to act as a key pillar in Australia's response to the COVID-19 pandemic, with the early release of super a central tenet of the government's new policy initiatives. The government's latest suite ...