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Bezos steps down at Amazon

JAMIE WILLIAMSON, ELIZA BAVIN  |  WEDNESDAY, 3 FEB 2021
... retiring. I'm super passionate about the impact I think these organisations can have," Bezos said. Bezos founded Amazon close to 30 years ago. Launched in 1995, Amazon pioneered fast and free shipping and, under his leadership, launched the first widely ...

Magnolia Capital takeover saga continues

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
Magnolia Capital has expressed doubts about the solvency of The Agency Group as the saga over its takeover bid continues. Magnolia said it has accepted the findings of the Takeovers Panel but continues to have concerns about the solvency of The Agency ...

Lakehouse Capital adds return-to-work appointment

KANIKA SOOD  |  MONDAY, 1 FEB 2021
The $640 million equities manager has temporarily added a former Anacacia Capital investment director to its team, as a part of its its return to work program for professionals returning to the workforce after extended absence. Antonella Petrella is ...

Chief economist update: Overvaluation tests FOMO and TINA trades

BENJAMIN ONG  |  MONDAY, 1 FEB 2021
... such speculative outbursts could hasten the end of extraordinary policies as the economy eventually returns to something close to normal," Mr Porter said. "The conventional wisdom has been that the Fed's new 2 per cent average-inflation goal would ...

Centuria spends big ahead of fund launch

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
... tenants across the logistics, manufacturing and distribution sectors, which are all located in core industrial markets within close proximity to major transportation infrastructure," he said. "We have already experienced strong expressions of interest ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
A new year, a new administration but its same old, same old for the US Federal Reserve. As expected and in a unanimous decision, the Fed confirmed: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects ...

ASI appoints new APAC chief

ELIZA BAVIN  |  WEDNESDAY, 27 JAN 2021
Aberdeen Standard Investments (ASI) has announced a new chief executive to lead the Asia Pacific region. Rene Buehlmann has been named chief executive of APAC, effective 1 March 2021. Buehlmann will succeed Hugh Young, who is taking on a new role as ...

Chief economist update: Prepare for lift off

BENJAMIN ONG  |  WEDNESDAY, 27 JAN 2021
... everywhere." As for inflation, it noted: "Even with the anticipated recovery in 2021-22, output gaps are not expected to close until after 2022. Consistent with persistent negative output gaps, inflation is expected to remain subdued during 2021-22. ...

ERS a setback for young workers

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... left. Further, over 73,000 Australians lost insurance cover linked to their account. Young workers were twice as likely to close their super accounts compared to members aged over 35. "In both tranches, women were more likely to have their account closed ...

State Super names new chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 21 JAN 2021
... responsibilities in the midst of ongoing market challenges," Wu said. He replaces Gabriel who served as chief investment officer for close to two years. He departed in October last year, joining VFMC as head of portfolio management group. "During his ...