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Showing 1721 - 1730 of 12383 results for "May"

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... included in the benchmark," Vanguard said. "As a result, it is possible the portfolio held exposure to certain securities that may not have been reasonably expected by investors." Vanguard said it "acted swiftly to inform investors and enhance the disclosure" ...

Spaceship secures $6m, plans new offering

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2023
... investing service." The extra $6 million in funding follows Spaceship being forced to halt distribution of all its products at May end. ASIC placed interim stop orders on both its superannuation and Voyager offering, becoming the first super trustee ...

Treasury to 'modernise' individual tax residency rules

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... physically present in Australia for 183 days or more in any financial year will be deemed an Australian tax resident. Those who may not be physically present in Australia for 183 days or more might still be a tax resident under the secondary test depending ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... a buoyant labour market. Smith expects that a rate hike is on the cards, upping the current range of 5.00-5.25% reached in May by a further 25 basis points. Given the durability of the labour market and the easing of financial conditions, Smith's ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders as not representing ...

Iress appoints former Pendal veteran

CASSANDRA BALDINI  |  THURSDAY, 20 JUL 2023
... 14 years as Pendal Group's chief financial officer, responsible for building out its global business. He left Pendal in May following its acquisition by Perpetual. According to a statement, Williamson played a pivotal role in Pendal's transformation ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... creating an expanded shared services team, it will also see the closure of the Specialist Businesses Division that was created in May 2020. The division was established to house the business lines that Westpac deemed to lack sufficient scale, being platforms ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with clients. It added the ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... outlook for interest rates," it added. On the flip side, the RBA acknowledged mortgage repayments were around a record high in May, inflation is on the decline, CPI data came in weaker, and economic slowing is bringing supply and demand constraints back ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... demonstrated by a number of recent operational risk control failures and disruptions, including material cyber breaches." In May, NGS Super suffered a cyber-attack. Last year, Spirit Super also experienced a data incident that resulted in around 50,000 ...