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Showing 1471 - 1480 of 4463 results for "October"

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received for the sale of is ADGs in October ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... Conflicted Remuneration) Bill 2019 was first introduced to parliament at the start of August and passed both houses on 14 October 2019. The Financial Services Council was one of the first to welcome the new law, saying that it has consistently supported ...

Ophir goes global

ELIZA BAVIN  |  TUESDAY, 15 OCT 2019
... launched a small and mid-cap global fund to give investors access to a more diverse global market. Initially established in October last year as the personal investment strategy for Ophir portfolio managers and their families, Ophir said the Global Opportunities ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... "My Government's priority has always been to secure the United Kingdom's departure from the European Union on October 31," she has said. Whether her majesty will later come to regret mouthing these words - reportedly ghost written for her by ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
... Crisis. The Australian share market recently suffered a $74 billion dollar blow over the course of two days at the start of October over global recession fears, but has since recovered.

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 ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... for Economic Development and Cooperation (OECD) - Japan does the opposite. Japan effectively tightened fiscal policy on October 1 when the Abe government's twice-postponed consumption tax hike (from 8% to 10%) took effect, projected to raise around ...

Bank of Queensland appoints operations chief

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Baxby, who has held the position for seven years, announced his departure in June. Baxby said he will step down in mid-October, shortly after the bank announces its full-year results. No commencement date has been set for Stafford, so in the interim ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... using their customers' money to invest in risky trades has seen a revision that could relax some of the restrictions. On October 8, five United Stated agencies approved the changes to the Volcker Rule which were floated last year. "Under the revised ...

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

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... grim warning to us, Australians all. The consumer sentiment index fell from a reading of 98.2 in September to 92.8 in October - the lowest reading since July 2015 - indicating that the number of pessimists is increasing. Instead of lifting confidence ...