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Showing 2411 - 2420 of 10303 results for "STI"

State Street warns of dot-com parallels

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
State Street Global Advisors has warned the current rally in equities markets parallels that of the dot-com boom, as price to earnings multiples continue to expand. Since the March 23 low, the ASX All Technology Index, which features the likes of buy-now-pay-later ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Reserve Bank of Australia governor Philip Lowe has said the government will likely need to borrow more money, but warned the central bank will not directly provide funding. Giving his annual address to the Anika Foundation, Lowe stressed that while ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Amazon founder Jeff Bezos added US$13 billion to his net worth in a single day marking the largest single day jump for an individual, according to the Bloomberg Billionaires Index. The spike in wealth was due to a near 8% spike in Amazon shares, due ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
It didn't happen overnight, but it did happen. After five days of deliberation, negotiation and compromise, leaders of the 27 governments that make up the European Union (EU) unanimously agreed to an unprecedented €750 billion "Next Generation ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
Invesco's annual survey of 139 sovereign investors found they are increasing allocation to gold, and plan on adding fixed income and infrastructure in the 12 months ahead. The annual report, now in its eighth year, found sovereign investors entered ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
New research has demonstrated the impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia ...

Opportunities in EM debt rebound: Eaton Vance

ALLY SELBY  |  TUESDAY, 21 JUL 2020
Despite the dramatic rebound experienced in financial markets during the second quarter, Eaton Vance believes there are still pockets of opportunity in the emerging market sector. Buoyed by central bank and governmental policy responses around the world ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
Businesses and individuals will continue to receive additional government support beyond September, with Prime Minister Scott Morrison announcing an extension to the stimulus support package. JobKeeper is set to be extended until March 2021 and has ...

Aussie equities stage recovery

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
Australian equities staged a recovery from its first quarter slump as a result of the COVID-19 pandemic, according to the latest research from Rainmaker. In its most recent Vantage Point report, Rainmaker data shows Australian equities rebounded to ...