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Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... according to the New York Times, "could increase its crude production to four million barrels a day from 2.4 million over the next year". There's also the not so small issue with US oil producers. Rising oil prices make their investments more feasible ...

BlackRock wins monumental mandate

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
... BlackRock. BAPIML has delivered on investment performance and stewardship of the schemes over many years but the mandate is the next step to ensure the evolution of both schemes, chair of trustee APS and NAPS trustee Roger Maynard said. "In BlackRock ...

MAM fund buys waste company

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... tirelessly to build the trust of our clients and the communities we serve. We are pleased to have found a new owner to shape the next chapter of Beauparc's growth story." MAM invested and managed assets in the waste sector for over 15 years. It currently ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... board will consider whether to retain the April 2024 bond as the target bond for the 3-year yield target or to shift to the next maturity, the November 2024 bond. The board is not considering a change to the target of 10 basis points. At the July meeting ...

CountPlus acquires tech solution

ELIZABETH MCARTHUR  |  MONDAY, 31 MAY 2021
... CountPlus community is an important milestone in our history and will enable us to build on our success and take our offer to the next level," he said.

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... since this index began nearly 22 years ago." This supports expectations that the BOE could lift interest rates by the middle next year, recently given prominence by BOE policymaker Gertjan Vlieghe's remarks that the British central bank could lift ...

Potential small carve out for annual renewal law

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... against product systems. More importantly, the AFA said that this is the first year where the services and the fees for the next 12 months must be included in the FDS - which will be "extra complicated for asset-based fee clients, where you need to prepare ...

Financial services job market hot: Hays

ELIZABETH MCARTHUR  |  THURSDAY, 27 MAY 2021
... jobs markets in early 2021. Hays found 57% of accountancy and finance employers will increase salaries by up to 3% when they next review. Meanwhile, 68% of accountancy and finance professionals say an increase of 3% or more would better reflect their ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... RBNZ's monetary policy statement suggests that that time is near, and patience would run out by the third quarter of next year. This is because New Zealand's economic narrative is getting brighter. While the central expects GDP to have contracted ...

UniSuper names next chief executive

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
The $95 billion superannuation fund has picked an external candidate to replace outgoing chief executive Kevin O'Sullivan. Peter Chun will replace O'Sullivan, who earlier this year announced his retirement after eight years in the role. Chun ...