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

Search Results

Showing 1601 - 1610 of 8418 results for "Big"

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors. Wexted Advisors has asked Sargon's creditors, of which there ...

BlackRock iShares launches two ETFs

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... customised Bloomberg index that measures the performance of the Australian corporate bond market after excluding issuance from the big four banks. IYLD is targeting 0.75% to 1% yield margin over the RBA cash rate and will charge 12bps per year as fees. ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ...

Westpac hunts new insto bank chief

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... executive of consumer David Lindberg and the bank's chief information officer Craig Bright said they would be leaving the big bank for new roles overseas. Westpac chief executive Peter King thanked Cobley for her contribution. "Lyn navigated institutional ...

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
" You're simply the best Better than all the rest Better than anyone Anyone I've ever met..." A great many, if not all Australians, would have had this Tina Turner classic playing in their heads listening to Reserve Bank of Australia (RBA) governor ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
While hundreds of thousands of Australians remove tens of millions from their superannuation accounts, SMSFs are holding their own. The most recent superannuation statistics released by APRA show there was a decrease of 7.7% in total superannuation ...

Is the worst yet to come?

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... restarting could flow through into more damage to corporates," Doyle said. "We see a lot of corporate failures and certainly some big declines in profits." Doyle said markets are also in the midst of digesting the geopolitical machinations which he believes ...

Hong Kong financial hub status at risk

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
US Secretary of State, Mike Pompeo, has issued a stern warning to Beijing, threatening the status of Hong Kong as one of the world's biggest financial hubs. In response to the Hong Kong protests, Pompeo said Hong Kong is no long autonomous from mainland ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
Latest data from APRA shows that the superannuation sector has withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... many of these funds also risk a cash crunch, making it harder for them to remain competitive," he said. Chhikara said that by big funds getting bigger, smaller funds were being left behind. "These small funds must find a big brother or sister to merge ...