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Showing 221 - 230 of 1960 results for "San"

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The longstanding chair of the $6.5 billion industry fund has stood down, with Nick Sherry appointed to the role. Effective this month, Sherry will lead TWUSUPER's board, drawing on his experience as Australia's first minister for superannuation between ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest ...

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
Investment banking giant UBS could be banned from Papua New Guinea and forced to repay tens of millions as a Royal Commission uncovers questionable conduct. A Royal Commission will shortly deliver its verdict in PNG after examining a 2014 decision by ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
J.P. Morgan posted a US$8.3 billion net income, a 42% year-on-year drop which missed analyst expectations. The poor result was attributed to a net credit reserve build of $US902 million compared to a net credit reserve release of US$5.2 billion in the ...

Australian Ethical adds to investment committee

CHLOE WALKER  |  WEDNESDAY, 13 APR 2022
Australian Ethical has welcomed three industry veterans to its investment committee. To further boost its leadership in ethical and ESG asset allocation, Australian Ethical has appointed Sean Henaghan, Sandra McCullagh and Steve Rankine to its investment ...

Fund inflows drop sharply: Calastone

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Calastone insights have found that Australians' investment appetite has cooled markedly in the first quarter of 2022. The quarterly fund flow index from Calastone found that after record inflows to managed equity funds in 2021, the value of new cash ...

FSC offers guidance on divesting Russia

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
The Financial Services Council (FSC) has released guidance to assist super funds and fund managers in divesting Russian assets. Despite superannuation funds only having a small exposure to Russian investments in the context of the $3.5 trillion superannuation ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
Australia has increased the economic costs to Russia following its invasion of Ukraine, by applying an additional tariff of 35% for all imports from Russia and its ally Belarus. This further sanctioning of Russia will see Australia issue a formal notification ...

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
An unstable global geopolitical situation, most significantly due to Russia's invasion of Ukraine, has prompted a $270 billion commitment to defence spending in the Federal Budget. The increased allocation to defence will bring Australia's defence spending ...

Fifth Wall wins CBRE sustainability mandate

CHLOE WALKER  |  TUESDAY, 29 MAR 2022
CBRE has announced an investment in venture capital firm Fifth Wall's Climate Technology Fund to enable the next generation of sustainability in commercial real estate. The fund invests in technologies that will contribute to the decarbonisation of ...