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Showing 2171 - 2180 of 6884 results for "Act2"

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... power of money. Cheaper borrowing costs and money printing from the Fed and trillions of dollars provided under the CARES Act - one time cheques and increased unemployment insurance. Glory, glory hallelujah! For there'll be more money, money, money ...

Pendal bolsters ESG fixed income capability

HARRISON WORLEY  |  TUESDAY, 16 JUN 2020
ASX-listed fund manager Pendal has moved to strengthen its capability in ESG fixed income investing through a series of appointments. Two new assistant portfolio managers have been appointed to the firm's bond, income and defensive strategy teams, with ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
The ASX-listed $7.2 billion real estate investment manager has launched a takeover bid for New Zealand-based Augusta Capital, set to acquire the firm's remaining shares for $122 million (NZD$130 million). It comes just over a month after Centuria Capital ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
Five people and six offshore entities have been charged over an alleged fraudulent scheme which sought to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...

Mirova chief labels ethical investing pledges hollow

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The chief executive of Mirova has refused to sign a pledge from global investors calling on nation leaders to invest sustainably in the recovery from the COVID-19 pandemic, saying they are hollow words. Over 100 global investors signed a letter through ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...

Hold super accountable for miners' actions: Future Super

HARRISON WORLEY  |  THURSDAY, 11 JUN 2020
Ethical superannuation fund Future Super has urged Australians to hold super funds accountable for investing in companies which have destroyed sites of cultural significance to Indigenous Australians. Future Super co-founder and managing director Kirstin ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...