Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1551 - 1560 of 4546 results for "October"

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
In its world economic update for October, the International Monetary Fund said that the global economy is in a synchronised slowdown. Growth for 2019 was downgraded again to 3%, its slowest pace since the global financial crisis. "This is a serious ...

Future Fund returns 1.9% for the quarter

KANIKA SOOD  |  MONDAY, 21 OCT 2019
... Strait Islander Land and Sea Future Fund ("ATSILS Fund") established in February has returned 1.3% since then. "From 1 October 2019 the ATSILS Fund gained exposure to a diversified portfolio through a co-mingled arrangement alongside the Medical Research ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... on paper). Forget about a Melbourne Cup Day interest rate cut! The minutes of the Reserve Bank of Australia's (RBA) October 1 Board meeting first hinted on this, stating that the stimulatory effects of lower interest rates on borrowing "may not be ...

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 ...