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Showing 171 - 180 of 38051 results for %22Australia%22

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
The Australian equity market is slightly overvalued following a strong rally, according to Morningstar's Q2 2024 outlook. The S&P/ASX 200 benchmark has climbed about 15% from its October 2023 lows to hover around 7800, signalling what Morningstar called ...

Count completes Solutions Centric deal, reconsiders another

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2024
Count has finalised the acquisition of Solutions Centric, but flagged another of its recently announced deals isn't going to plan. The group's acquisition of 51% of Solutions Centric was effective on Friday, April 5. It first announced the deal on February ...

Monochrome makes play to become a spot Bitcoin ETF in Australia

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... Asia, benefiting from Cboe's established market position and expertise in the region. Moreover, listing on Cboe Australia facilitates broader investor access, allowing for diversification of portfolios with crypto-asset investment products, it added. ...

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
... the previous year's 23.2% return. According to its LinkedIn page, Manildra Group employs more than 1200 people across Australia. The fund intends to fully liquidate its investments by April 30. Remaining members have until June 14 to notify the trustee ...

Hejaz awards technology mandate to wealth platform

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... technology solutions. Openmarkets will support the platform with API-led market infrastructure technology, enabling access to Australia's first shariah-compliant ASX-listed ETFs. These include the Hejaz Equities Fund (ASX: ISLM), the Hejaz Property Fund ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... despite affordability constraints," the economists said. In a related economic development, despite the Reserve Bank of Australia's (RBA) rate hikes last year, with a backdrop of a continuing population boom, UBS has slightly increased its GDP growth ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... attempt to claim a scalp," Mawhinney said. "Mayfair 101's clients and the Australian public deserve answers. I urge Australia's Parliament to commence an inquiry." The representations which Mawhinney's lawyers have applied to strike out include the 'Bank ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... acquisition to be complete on 30 April 2024. Heartland said the acquisition is a "critical step" in its expansion strategy for Australia. As at 31 December 2023, Heartland's Australian reverse mortgage and livestock finance businesses had around NZ$2 ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Forager Australian Shares Fund (FOR) is set to delist from the ASX after facing continuous limited liquidity issues and persistently trading below its net asset value. The listed investment trust (LIT) is set to delist on June 14, with trades suspending ...