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

Search Results

Showing 141 - 150 of 1873 results for %22Bank of Japan%22

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... Financial and remediation for wealth clients, and CBA said it is on track to divest aligned advice businesses by June 2020. The bank has not announced a replacement NewCo chief. CBA chief executive Matt Comyn said: "Jason has played a significant role ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... observed in the world's biggest economies, except for Japan (which continues to decline). But as Markit Economics/Jibun Bank acknowledged in its Japan PMI report, "the sales tax rise and harsh weather conditions affected demand, as new order growth ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... be a godsend for the BOJ. More so, given the latest indications from its purchasing managers' indices. The Jibun Bank Japan PMI indices all dropped into contraction territory - below 50 - in October. The composite PMI fell to a reading of 49.1 in ...

BNP Paribas appoints new Australia head

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... currently has around 17,000 employees in the Asia Pacific region holding a banking license in 13 markets. Worldwide, the bank has a presence in 72 markets with over 200,000 employees, with key positions in domestic markets and international financial ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... Glum (of Gulliver's Travels fame) puts it; "We're doomed, we'll never make it!" Speculation that the Reserve Bank of Australia (RBA) may have to take the official cash rate to zero or even negative and/or start printing Australian dollars ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... eventual Brexit. But given the global economic backdrop, it could be this very uncertainty over Brexit that is working in the Bank of England's (BOE) favour. It's one of the very few central banks that's forward guiding monetary policy towards ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... safe-haven buying in the yen compounding the challenges faced by Japanese manufacturers. Recent data shows that the Jibun Bank Japan Manufacturing PMI fell to a reading of 48.9 in September - the fifth straight month of contraction in the sector. Likewise ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... Lewis Carroll's 'Through the Looking-Glass' The "Red Queen" in the novel should have been giving this advice to Bank of Japan (BOJ) governor Haruhiko Kuroda san, instead of Alice. But nah. The BOJ kept monetary policy settings as they were ...

First Sentier hires Nikko executive

KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... Deutsche Asset Management Asia as a director, head of asset management operations for Asia Pacific ex Japan. Commonwealth Bank sold CFSGAM to Japanese banking giant MUFG Group last year for over $4 billion. The sale cleared all regulatory hurdles in ...

CFSGAM picks new name, updates on CBA separation

KANIKA SOOD  |  MONDAY, 16 SEP 2019
... to its board. MUFG has a banking presence across the world. As an asset manager, its presence has been mostly limited to Japan except for minority investments in Aberdeen before its merger with Standard Life and in AMP Capital. The CFSGAM purchase is ...