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Showing 1471 - 1480 of 6454 results for "Fed"

IOOF restructures leadership team

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
An internal restructure in IOOF's leadership team is complete, with three general managers promoted to the firm's c-suite. IOOF general manager of distribution Mark Oliver has been promoted to chief distribution officer, while the firm's general manager ...

RBA expected to cut again; maybe even tomorrow

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... downside. The modal forecasts contained in the RBA's most recent Statement on Monetary Policy are now threatened." "Second, Fed officials are now actively talking about the possibility of policy support. Third, global financial markets have started to ...

Hollywood actor charged by SEC

ELIZA BAVIN  |  FRIDAY, 28 FEB 2020
The US Securities and Exchange Commission charged a prominent actor for failing to disclose payments he received for promoting an investment in a bitcoin offering. The SEC found Steven Seagal had not disclosed that he was promised $380,000 (US$250,000) ...

Court punishes OTC derivative issuers

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
Three over-the-counter derivatives providers have been found guilty of contravening their AFSL licences by using account managers to pressure retail investors into purchasing products which lost investors more than $30 million. The Federal Court has ...

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
... highest since December 2018. At the time, that fear was instilled by the ongoing US-China trade war (back then) and when the Fed "murdered" the bull market by delivering another 25 bps hike in the fed funds rate to 2.25%-2.50% at the conclusion of its ...

Remain liquid, defensive and patient: Schroders

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2020
... main game in town, with ongoing intervention now unanimous with the US Federal Reserve reversing course. "The RBA, ECB and Fed are all on the same page. The power remains in their hands and markets remain complacent around some of the challenges," Kase ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
Shine Lawyers today commenced a new class action against IOOF on behalf of shareholders. Shine Lawyers conducted an investigation into misconduct at IOOF which included obtaining a Federal Court order for IOOF to produce documents relevant to the alleged ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... that central banks around the world have already - Thailand, Philippines and Indonesia - or are prepared (markets expect the Fed cut interest rates by at least once this year) and governments stand ready to employ fiscal policies - Chinese President ...

SMSF property adviser pleads guilty

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents. George Nowak, director of EJ Property Developments, formerly Charterhill, entered the guilty plea ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
The Securities and Exchange Commission (SEC) has settled charges against a blockchain startup, after it raised $68 million through an unregistered "initial coin offering". Enigma MPC, based in San Francisco and Israel, raised approximately $68 million ...