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Showing 1761 - 1770 of 7037 results for "December"

ASIC cracks down on investment manager

ALLY SELBY  |  MONDAY, 15 JUN 2020
... obligations in March this year, after it was found to have deposited client money into unauthorised bank accounts between December 2014 and September 2018. SGSA was charged with two counts of failing to pay client money into segregated authorised bank ...

Hold super accountable for miners' actions: Future Super

HARRISON WORLEY  |  THURSDAY, 11 JUN 2020
... month, Rio Tinto Iron Ore chief executive Chris Salisbury said the firm was "sorry for the distress we have caused". As at December 31, AustralianSuper had more than $1.8 billion and $715 million of its $129 billion balanced option invested in BHP and ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... that inflation is not a problem in any way on the Fed's radar," Miller said. "The key difference between now and the December quarter 2018 is that then the Fed was on a tightening tack." Miller said the Fed's statement suggests the FOMC is not only of ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... projections: "The Fed expects US real GDP growth to contract by 6.5% in 2020 (instead of the 2.0% expansion forecast in December 2019) before rebounding to 5.0% in 2021 and 3.5% in 2022; the unemployment rate to rise to 9.3% in 2020 and decline to 6.5% ...

UBS Australia launches new CBRE fund

KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
... listed global property and infra funds, CBRE took over the management of UBS's Australian property securities in December 2018 when the company also offloaded its in-house equities teams. UBS has since exited ETFs, and houses one of the highest-regarded ...

Family office backs fixed income fintech

KANIKA SOOD  |  TUESDAY, 9 JUN 2020
... Cube, an ASIC-regulated fixed income execution market and analytics provider which got its Australian markets licence in December last year. Palghat joins Kasptream portfolio manager Dan Siluk, Ardea Investment Management portfolio manager Cameron Shaw ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations Act between May 2005 and December 2015 for failures relating to the package. CBA sold the AA+ Package to customers during the 10-year period, which promised ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... as COVID-19 smash financial markets. Now standing at $2.82 billion, the industry had crossed the $3 trillion mark in December of 2019, just months before the pandemic arrived. The ABS said super assets invested in shares lost almost $111 billion during ...

QIC appoints executive director

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
... 14 and will be based in the Brisbane headquarters. His appointment comes as Brian Delaney heads towards retirement in December after eight years at QIC. Sriskandarajah will report to QIC chief executive Damien Frawley and join the executive committee. ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... given the sharp 3.2% (year-on-year) drop in Eurozone GDP in the March 2020 quarter that followed a 1.0% growth in the December 2019 quarter. Despite the recent improvement in the IHS Markit Eurozone PMI surveys -- composite PMI increased to a reading ...