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Showing 1501 - 1510 of 17436 results for "Billion"

NZ Super commits NZ$50m to private equity manager

MATTHEW WAI  |  WEDNESDAY, 5 MAR 2025
... commitments) to just over NZ$330 million ($298 million). Since its inception in 1994, Direct Capital has raised over NZ$2.2 billion ($1.99 billion) to invest in private companies in expansion, succession and pre-IPO situations, it said, investing typically ...

Aussie dividends underperform on global scale: Janus Henderson

MATTHEW WAI  |  WEDNESDAY, 5 MAR 2025
... dividends steady. Despite healthy signs of growth, Australia sat out of the pack and saw payouts fall by 6.4% to $56.6 billion. Asia Pacific (excluding Japan) fell 2% in 2024 and was predominantly driven by slumps in Australia and Taiwan. Headline terms ...

Trade war intensifies: China, Canada respond to Trump's tariffs

ANDREW MCKEAN  |  WEDNESDAY, 5 MAR 2025
... that a fight with Canada will have no winners." Canada responded with countermeasures, imposing a 25% tariff on US$105 billion worth of US goods imported into the country. In addition to the federal response, several Canadian provinces have escalated ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... with 8.1 million lives now protected, up from 7.6 million. APRA data shows group cover through superannuation led to $1.7 billion in death benefits and $3 billion in TPD payments in 2023-24. Disability income insurance (DII) also saw a decline post-reforms ...

BNP Paribas wins new custody mandate

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... provides custody services to three of the top five insurers in Australia. The mandate with Medibank, which holds $3.7 billion in funds under management, follows several mandates announced by BNP Paribas' business in Australia throughout last year. BNP ...

Active ETF issuance forebodes bigger market share: Expert

KARREN VERGARA  |  TUESDAY, 4 MAR 2025
... Morgan AM's newly released Guide to ETFs shows that the Australia and New Zealand markets collectively comprise US$151 billion of assets - some US$34 billion sit in active ETFs. In Australia alone, active ETF equity assets boast a 53% CAGR since ...

UniSuper launches fresh brand campaign

MATTHEW WAI  |  TUESDAY, 4 MAR 2025
The $149 billion super fund is going to market with a new advertising initiative that asks Australians to imagine their dream retirement and how they'll get there. The campaign is being rolled out across television, online, outdoor, radio, print, owned ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
The Securities and Exchange Commission (SEC) has filed a joint stipulation to dismiss its civil enforcement action against Coinbase Inc, and its parent company, Coinbase Global. The decision follows the formation of the SEC's Crypto Task Force in January ...

Sydney to host global superannuation summit

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
... Bessent and Australian treasurer Jim Chalmers. The Summit showcased Australia's largest super funds, which invest $631.6 billion into the US economy, to highlight their potential. By 2035, super funds' investments in the US are projected to reach US$1 ...

Metrics acquires BC Investment Group

ELIZA BAVIN  |  MONDAY, 3 MAR 2025
... lending for residential real estate purposes. As at January 31, BCI has total loans under management of more than $6.5 billion, predominantly being Australian residential mortgages. The acquisition will be funded from current available capital. Metrics ...