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| | | ... clients." Pendal's Australian business picked up about $4.2 billion in FX impact from lower Australian dollar against most major currencies, adding to the total FUM. Nearly all channels reported net outflows for the three months, across Australian ... |
| | | | ... switching to cash or other defensive assets, which locks in any losses they suffered through the volatility. "At the last major market decline - during the Global Financial Crisis - savers who moved their money from an average balanced industry fund ... |
| | | | ... indelible mark on Australia. As Treasury Secretary, Ted advised the Keating and Howard governments on balancing the budget, major tax reforms, including introduction of the GST, and establishment of the key economic frameworks that continue to serve ... |
| | | | ... use DRP's, arguing this option would ensure Australia's retirees and investors are not "hung out to dry". "Destroying the major income stream of thousands of Australians, many of whom are retirees, will put further strain on the economy, which we believe ... |
| | | | ... chief investment officer Jason Teh runs an Australian equities fund focused on generating income, and he is not making any major portfolio changes to harvest dividends better in the post-COVID world. Teh said assuming his fund returns 10% in a year ... |
| | | | ... part to the containment of the virus spread, but Chinese bonds also have historically offered low correlations to other major bond markets." Powell and Taw said inclusion of Chinese equities and bonds in global indices may boost broad-market returns ... |
| | | | Wall Street's rally seems to have run out of steam, with the major indexes ending the day of trade in a sea of red. Early in trade the Dow Jones surged 900-points before closing down 0.12%. Similarly, the S&P 500 lost 0.16% and the Nasdaq Composite ... |
| | | | ... to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation of a significant economic shock in 1H20. The agency said ... |
| | | | The consumer watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services ... |
| | | | There is opportunity in fixed income, credit and major bank debt amid the COVID-19 crisis; you just have to look for it, according to Janus Henderson head of Australian fixed interest Jay Sivapalan. Despite the illiquidity of the bond market, Sivapalan ... |
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