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Showing 1561 - 1570 of 4546 results for "October"

Bank of Queensland appoints operations chief

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Baxby, who has held the position for seven years, announced his departure in June. Baxby said he will step down in mid-October, shortly after the bank announces its full-year results. No commencement date has been set for Stafford, so in the interim ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... using their customers' money to invest in risky trades has seen a revision that could relax some of the restrictions. On October 8, five United Stated agencies approved the changes to the Volcker Rule which were floated last year. "Under the revised ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... grim warning to us, Australians all. The consumer sentiment index fell from a reading of 98.2 in September to 92.8 in October - the lowest reading since July 2015 - indicating that the number of pessimists is increasing. Instead of lifting confidence ...

Chief economist update: Synchronised forecasts for a synchronised slowdown

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2019
... imposition) of more to follow. This pattern continues to this day - right on the eve of another Sino-Yankee meeting slated for October 10 - when optimism for a handshake are, instead, followed by an escalation of tensions. No need to reinvent the wheel ...

Corporate, industry fund merge

JAMIE WILLIAMSON  |  FRIDAY, 4 OCT 2019
... With the new companies unable to contribute to the fund, it was determined there would be fewer members in future. As of October 1, all DowASF members' benefits were transferred to Equip on a successor fund transfer basis, with the industry fund ...

Equity Trustees wins Colonial mandate

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
... billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1. Equity Trustees Limited is taking over as the trustee of $10.5 billion of CMLA's assets. Another subsidiary, Equity Trustees ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... news! Wall Street dropped - Dow down by 1.9%, S&P 500 down by 1.8%, Nasdaq down by 1.6%, Russell 2000 down by 0.9% -- on October 2 on the back of renewed recession fears, sparked by reports that the US Institute of Supply Management (ISM) manufacturing ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... telemarketing firm Aegon Insights Australia - unlawfully sold "Simple Life" life insurance policies over the phone between October and December 2014, after CommInsure provided the firm with contact details from CBA's customer database. ASIC believes ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time this year - taking the official cash rate down ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... proclaiming, "We need to raise interest rates now to avoid lifting rates by more in the future" during the good times. On 1 October 2019, the RBA announced its third interest rate reduction in five months - 25 basis points each in June and July and October ...