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Showing 171 - 180 of 4217 results for "RAISE"

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... (RBA) rate increases. Earlier in the week, the Australian share market rallied following the decision by US lawmakers to raise the debt ceiling. If the agreement is passed by Congress, the ASX may see another modest rise, however, speaking on the latest ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ...

Former fund manager director convicted

CHLOE WALKER  |  WEDNESDAY, 24 MAY 2023
... $500,000 account balance to the auditors of Global Merces. Grofski did so to convince the auditors that they did not need to raise concerns about the solvency of Global Merces with ASIC. Grofski did not have authorisation to use $500,000 of investor ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
Saxo Capital Markets was forced to amend its target market determinations after the regulator raised concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because ...

Boutique co-founder jumps to AustralianSuper

ELIZABETH FRY  |  FRIDAY, 19 MAY 2023
... of our global small caps fund was very good - excellent versus most of our peers globally - but we were simply unable to raise enough funds. "Both the global and Australian small caps funds are now closed. We are in discussion with several groups, both ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A Western Asset product specialist says rising credit default swap (CDS) spreads have sparked concerns. However, he downplayed the risk of a US default, calling it a "very low probability event". Robert Abad recalled the sole instance of a "technical" ...

AEP, GSFM launch Australian film fund

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... Australia, structured so that it has no material exposure to box offices or other audience-related factors. The fund aims to raise up to $100 million in equity, to be coupled with a bank facility of up to $500 million, arranged and led by financial institutions ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
An investor group that controls 8.4% of Swiss fund manager GAM is challenging its proposed acquisition by Liontrust Asset Management. Last week, GAM announced it had agreed to be taken over by Liontrust, in a deal that would create a $100 billion fund ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... a fan of the proposal, saying it "has a few whiskers on it." "I don't see it as being that beneficial other than to raise a bit of extra revenue, and probably not a lot of extra revenue for that matter," he explained. "I think it's got a few ...