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Showing 1631 - 1640 of 2955 results for "August 27"

Japanese life giant to acquire rival

ALEX BURKE  |  MONDAY, 21 SEP 2015
Nippon Life has announced it has reached an agreement to acquire Mitsui Life. Following industry speculation in August that Nippon, Japan's second-biggest life insurer, was planning to acquire Mitsui in September, the two companies have jointly announced ...

IOOF appoints head of best advice

LAURA MILLAN  |  MONDAY, 14 SEP 2015
IOOF has appointed an SFG Australia executive to the role of head of best advice, following media leaks that revealed misconduct within the advice research division. An IOOF spokesperson confirmed to Financial Standard that Paul Cullen will be IOOF's ...

ANZ completes $720m capital raising

STAFF WRITER  |  MONDAY, 14 SEP 2015
ANZ has announced it has completed its $720 million share purchase plan offer. The bank's statement to the ASX said it will "accept all eligible applications and issue approximately $720 million of ANZ shares at $26.50 per share." The offer was originally ...

Gradual progress on super fund digital engagement

MARK SMITH  |  MONDAY, 14 SEP 2015
Superannuation funds have made only incremental progress towards greater digital engagement with their member base over the last 12 months. Technology, operations and risk consultancy firm IQ Group surveyed Australia's top 50 super funds with combined ...

The moment of truth cometh

BENJAMIN ONG  |  MONDAY, 14 SEP 2015
... they've met that "further improvement in the labor market" condition -- with the unemployment rate dropping to 5.1% in August (way ahead of Fed staff central tendency projections of 5.2% - 5.3% by December this year). A strong labour market will lift ...

Lift Janet lift

BENJAMIN ONG  |  FRIDAY, 11 SEP 2015
... markets" and "incoming data". But woe is us, for the last important data we got - the US non-farm payrolls report for August - threw a bone to every dog of every persuasion which means, it provided nada, zilch, zippo. However, subsequent US labour market ...

Labour market says go, inflation says no

BENJAMIN ONG  |  MONDAY, 7 SEP 2015
... trigger at their 16-17 September FOMC meeting are correct. The unemployment rate dropped from 5.3% in July to 5.1% in August - the lowest level since April 2008 and is heading towards the lower end of the Fed's 5.0% - 5.3% range predicted in June. This ...

Super Mario returns fire

BENJAMIN ONG  |  FRIDAY, 4 SEP 2015
Shots fired! Shots fired! Yes Virginia, Super Mario returned overnight and shot down the euro, putting smiles on the faces of holders of Eurozone stocks - Stoxx 600 up 2.4% -- and bonds - 10-year yields fell across the region. The euro dropped to as ...

Sigma wins industry fund equities mandate

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
Boutique firm Sigma Funds Management has won an Australian equities mandate from a Sydney-based industry superannuation fund. The mandate goes to Sigma's Select strategy, a high conviction broad cap value strategy that has outperformed the S&P/ASX300 ...

FSC, FPA support ASIC user-pay model

ALEX BURKE  |  WEDNESDAY, 2 SEP 2015
Both the Financial Services Council and Financial Planning Association of Australia have voiced their support for an industry funding model for ASIC. On August 28, Assistant Treasurer Josh Frydenberg welcomed industry consultation on the proposal while ...