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Showing 131 - 140 of 538 results for "Tension"

World Bank warns of a sharp global growth decline

ANDREW MCKEAN  |  WEDNESDAY, 11 JAN 2023
The World Bank's Global Economic Prospects report forecasts declining global growth due to rising inflation, high interest rates and reduced investment. Fragile economic conditions have left the economy vulnerable to any new adverse developments, the ...

Global pension report reveals flight to safety

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
As is typical in volatile and uncertain times, a flight to safety is apparent. Global public funds will be net sellers of public equity and some higher-yielding fixed-income assets. They will retreat to safe-haven currencies, with dollar holdings rising ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
The Future Fund produced a return of -0.6% for the first quarter of the financial year, while developed listed markets fell 5.2%. The sovereign wealth fund's assets under management (AUM) are now $193 billion, falling by $1.25 billion over the quarter. ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
Financial stability risks have increased as global financial conditions continue to tighten, according to the Reserve Bank of Australia's Financial Stability Review. The RBA cited a further tightening of financial conditions, an increase of debt-servicing ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... problems. "Our system is constructed so members can switch in and out of options daily or even hourly. So there's a tension between being a long-term investor, but having short-term pressures, which limits the ability to take these longer-term bets ...

QIC braces against recession risks

ELIZABETH FRY  |  FRIDAY, 12 AUG 2022
As the manager of the Queensland government's long-term financial interests and a quasi-sovereign wealth fund, QIC can avoid the painful APRA performance test. This is a tremendous advantage for Allison Hill, QIC's state chief investment officer ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
APRA published its updated plan to reinforce the financial soundness of the banking, insurance and superannuation industries over the next four years, with few surprises on offer. The priorities in APRA's new Corporate Plan for 2022-2023 are based ...

NGS Super divests oil, gas producers

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... their position was in terms of the price action on these particular companies." Squires said that in light of geopolitical tension and supply shocks resulting in the rally of oil and gas prices, their holdings in the nominated companies hit the price ...

Recession a distinct possibility: Natixis

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
Most investment strategists believe that a recession is a distinct possibility over the next six months, with a Natixis survey showing that nearly one-quarter think it's inevitable. "After six months of navigating rising rates, inflation and geopolitical ...