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Showing 1591 - 1600 of 3232 results for "April 2016"

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

Industry funds sign off on $45 billion merger

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
Industry superannuation funds Kinetic Super and Sunsuper signed a Successor Fund Transfer deed, authorising a merger of the two funds. The process, which began in April this year, sees the merged entity become one of the nation's biggest superannuation ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
It seemed so long ago now that a "bag the Aussie dollar" campaign was what we read in financial media. The Australian dollar was trading at about US$0.75 then, it closed at US$0.7832 on 14 July and is currently trading at US$0.78. It's exactly two months ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
ASIC has introduced a $1500 fixed levy on authorised financial advice licensees to cover the price tag of its costs recovery framework. The graduated levy for licensees comes off the back of the ASIC Supervisory Cost Recovery Levy Bill, a law which ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
Janet's in the house. US Fed Chair Janet Yellen's much-awaited testimony did not differ greatly from what was already divulged in the FOMC statement released on 14 June - when the Fed raised the fed funds rate by 25 basis points to 1%-1.25%. In her ...

HESTA stands up to all-male boards

EMMA RAPAPORT  |  WEDNESDAY, 12 JUL 2017
HESTA chief executive Debby Blakey penned a letter to all S&P/ASX200 companies urging them to set specific targets and timeframes for the number of women positioned at senior executive level. Blakey said it was "vital" that companies are transparent ...

Countplus launches scholarship

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2017
ASX-listed financial planning dealer group Countplus launched an annual scholarship program for its senior leaders. Recipients of the Barry Lambert Harvard Business School Scholarship will undertake the 'Leading professional service firms' executive ...

Mystery buyer for $800m Aussie bond record

EMMA RAPAPORT  |  THURSDAY, 6 JUL 2017
A single buyer has snapped up all $800 million of Australian government bonds issued by the Australian Office of Financial Management on Wednesday. It is reported to be the largest single purchase of Treasury Bonds based on auction records dating back ...

Good goings-on in China

BENJAMIN ONG  |  THURSDAY, 6 JUL 2017
Were it not for North Korean leader Kim Jong-un's "package of gifts" delivered on America's 4th of July Independence Day celebrations, the goings-on in China would remain buried on page 6 of the financial media. This could be because when it comes to ...