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Showing 171 - 180 of 725 results for "Disruption"

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
Resilient job markets are keeping major economies above water, staring down the threat of a global recession, as well as geopolitical and climate woes. Newly released ABS figures show that Australia's labour market remained strong in June, adding ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers to transform their business and operating models. "The ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... given the current state of play, ASX sees a strong case for phasing out and ultimately closing mFund. To ensure minimal disruption to issuers, investors, and participants, ASX has outlined an indicative four-stage wind-down process spanning an estimated ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
... expectations, with the office sector specifically experiencing material downward adjustments due to capital market disruption and decline in occupancy," he said. "But this time last year, leading into 30 June, we had about a 15% correction in equity ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
The Consumer Price Index (CPI) has fallen to 5.6%, fueling hopes the Reserve Bank of Australia (RBA) will pause interest rate hikes next week. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), came as a pleasant ...

Schroders Australia appoints new chief executive

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... Schroders thanked Hallinan for leading the Australian business through a period of significant industry change and societal disruption. "We are grateful for the contribution Sam made to Schroders during this period and he leaves with our best wishes," ...

New Quantum reveals Nasdaq listing plans

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... Access to public markets will accelerate New Quantum's ability to drive growth and innovation in an industry ripe for disruption, Combs added. Meanwhile, Beaconsfield Capital co-founder and chief investment officer Shantanu Jha said he is pleased to ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...