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Showing 1501 - 1510 of 7034 results for "December"

NAB swallows up neobank

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
... news of the purchase follows the demise of Xinja which ceased operating as an authorised deposit taking institution in December 2020. All remaining 4176 accounts with Xinja, with a total value of $65,809, were transferred to NAB for customers to collect. ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
... widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March and December 2020 in Oxfam's latest report The Inequality Virus. The majority of the 295 economists from around the world canvased in the ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... addition, the year-on-year growth rate in the economy continued to contract despite improving from -2.5% in the year to the December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate ...

Maple-Brown Abbott finetunes Aussie equities lineup

KANIKA SOOD  |  THURSDAY, 28 JAN 2021
... benchmark's 13.7%. But beyond that, the fund falls behind the benchmark for most periods, including -21.5% in the year ending December to the benchmark's 1.4%. The firm reduced the geared funds' fees at December 1 last year. However, by December ...

IOOF buffeted by advice restructure

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... transformation program known as Advice 2.0. The company's funds under management saw losses of $400 million in the quarter to 31 December 2020. IOOF said the result actually reflects a strong quarter with an uplift of $12.7 billion due to market movements ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... headline inflation growth decelerated from the 1.6% quarterly rate in the September quarter to 0.9% in the three-months to December 2020. It would have been lower had it not been for smokers with young children and building a house contributing to the ...

Future Fund increases cash again

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... wealth fund increased its cash position to 19.8% or about $34 billion, as it reports a positive year for returns ending December. Future Fund returned 1.7% in the year after positive returns in the September and December quarters lifted it back to the ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
The micro-investing platform grew its superannuation funds under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... strategies around the family home were hot topics for financial advisers' clients in 2020. BT financial advisers' December 2020 quarter survey found clients continue to query advisers about their eligibility for the downsizer contribution scheme ...

Macquarie backs medical drone testing

ANNABELLE DICKSON  |  MONDAY, 25 JAN 2021
... organs and other medical supplies throughout Scotland. The CAELUS (Care & Equity - Logistics UAS Scotland) commenced on 1 December 2021 with the live drone flight trials ending in 2021 and scheduled to run into 2022. The AGS led consortium has 14 member ...