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Showing 2191 - 2200 of 7104 results for "June 2023"

Franklin Templeton names institutional business director

KARREN VERGARA  |  MONDAY, 24 JUN 2019
Franklin Templeton Australia has welcomed a senior director of institutional business. Matthew Jackson has commenced in the newly created role for the fund manager, which has more than $922.4 billion in assets under management globally. Sydney-based ...

Chief economist update: Surveys back All Ords climb

BENJAMIN ONG  |  MONDAY, 24 JUN 2019
... Australia (CBA) PMI survey. The flash estimate of the CBA composite PMI index rose from a reading of 51.5 in May to 53.1 in June - the strongest expansion since November 2018. "Output and new business rose at the strongest pace in seven months amid reports ...

Commonwealth Bank mulls retail advice business sale

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
Commonwealth Bank is reviewing options for its CommSec Advisory business, including a potential sale. "As part of our focus on becoming a simpler, better bank, we are currently reviewing a number of options for CommSec's retail financial advice ...

AMP loses mandate to AustralianSuper

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
AMP has lost a workplace superannuation fund contract to AustralianSuper. Australia Post has selected AustralianSuper as its new default super fund provider following pressure from the Communications Workers Union (CWU), the representative of postal ...

Chief economist update: BOE lets peers do the heavy lifting

BENJAMIN ONG  |  FRIDAY, 21 JUN 2019
It appears the Bank of England (BOE) is marching to a different tune. While the BOE's monetary policy committee decided to keep current monetary policy settings at its June meeting just like the Fed and the Bank of Japan, it offered an opposing ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
The Fed's decision to maintain current policy settings at the conclusion of last night's FOMC meeting doesn't make for much except for self-congratulations and back-patting. What matters more is the forward guidance implicit in the FOMC ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
Maybe not at this month's Federal Open Market Committee (FOMC) meeting but consensus expect the US Federal Reserve to serve Christmas in July with a 25 basis point reduction in the fed funds rate from 2.25%-2.5% to 2%-2.25%. The CME FedWatch Tool ...

ASIC approves AFCA rules change

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
ASIC has approved changes to the Australian Financial Complaints Authority rules for legacy complaints. The ASIC approval gives effect to the AFCA authorisation condition introduced by the government earlier this year. Under the government's additional ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
Speculation may be mounting over one or two Fed rate cuts (one, two or three for the RBA) going forward, but there are no such similar expectations for the Bank of Japan (BOJ). With the BOJ's policy rate currently at negative 0.1% and its "yield ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
The Aussie dollar is down. Repeat, the Aussie dollar is down! The A$/US$ exchange rate closed at US$0.6879 - down 2.3% this year to date its lowest level in three years - at the end of last week's trading. The local currency is down 1.8% (year-to-date) ...