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Showing 1501 - 1510 of 4005 results for "Cut"

Merlicek to retire, IOOF appoints new CIO

JAMIE WILLIAMSON AND DARREN SNYDER  |  THURSDAY, 9 FEB 2017
After eight years leading the IOOF investment team and strategy, chief investment officer Steve Merlicek is stepping down in June. The celebrated executive has been instrumental in delivering impressive fund performance, especially for IOOF's multi-manager ...

AMP cops short-term pain

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2017
... shareholder buyback," Meller explained. The firm also hinted at the potential for more redundancies in 2017 as it looks to cut its controllable costs by 3%, excluding AMP Capital. "The costs will essentially come from reducing the spans and lows that ...

Trump's tweets and deeds

BENJAMIN ONG  |  MONDAY, 6 FEB 2017
The times they are a-changin'. Three major central banks - the Bank of Japan (BOJ), the US Federal Reserve (Fed) and the Bank of England (BOE) - one day after another last week but did many give a hoot? Sure, it was hardly news because all three kept ...

Google serving to restore trust in advice

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2017
... reviews as much as a recommendation through friends or family," said Woods. "For advice-seekers, Google star ratings will cut down the time spent on researching potential financial advisers and allow people to quickly compare and make a confident, informed ...

A bump up in credit

BENJAMIN ONG  |  WEDNESDAY, 1 FEB 2017
... total credit growth quickened from 5.4% in November to 5.6% last month - the fastest since August last year (when the RBA cut interest rates from 1.75% to 1.50%). Loans to businesses grew the fastest over the month of December (up 1.1% from 0.6%). Housing ...

Five minutes of sunshine?

BENJAMIN ONG  |  WEDNESDAY, 1 FEB 2017
Australian business confidence surges in December but confidence is unmoved. This is the message from the NAB monthly business survey. The business confidence jumped to a reading of 11 in December from 6 in the previous month. The first double-digit ...

One week delivery

BENJAMIN ONG  |  MONDAY, 30 JAN 2017
... credibility -- you could drive as hard a bargain as you could but once the deal is made, you better deliver. Unless they don't cut muster with the US Congress and the Senate, expect Trump to deliver on tax cuts - company and personal - infrastructure ...

Low prices inflate RBA rate cut chances

BENJAMIN ONG  |  FRIDAY, 27 JAN 2017
... bank. Were it not for the RBA's concerns over adding more fuel to the overheated housing market, it would be justified to cut the official cash rate sooner rather than later. More so given the renewed strength in the Australian dollar - it's currently ...

AMP cuts venture capital funding

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
AMP shut down its venture capital arm after launching it less than two years ago. A strategic review of the AMP New Ventures program has resulted in its closing, with the roles of those working in the unit made redundant. A spokesperson for AMP said ...

Expensive property market creating super opportunity

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
Millennials priced out of the Australian housing market should consider directing savings towards superannuation in order to generate similar returns to that of home ownership. Earlier this week research house Demographia labeled Sydney as the second ...