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Showing 2551 - 2560 of 7154 results for "June 1990"

Super fund chair appointed to NSW Generations Fund

KANIKA SOOD  |  WEDNESDAY, 4 JUL 2018
The chair of a $42 billion government superannuation fund and a former RBA Governor are joining the advisory board of New South Wales' new sovereign wealth fund. The state has also appointed its first chief economist. State Super chair Nicholas ...

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
The Reserve Bank of Australia (RBA) didn't disappoint when it kept the official cash rate unchanged at a record low 1.5% following its 3 July board meeting. It has been 24 months now - the longest in recent history - that the official cash rate ...

ASIC takes financial planner to court

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
ASIC is taking a Queensland-based financial planner to the Supreme Court, after his licensee reported him to the corporate regulator. Brett Andrew Gordon operated a financial planning business, Refocus Financial Group on the Sunshine Coast. He held ...

Prime Financial boosts wealth focus

KARREN VERGARA  |  TUESDAY, 3 JUL 2018
Prime Financial Group is ramping up its wealth management focus and stepping away from minority interests in accounting firms. The ASX-listed firm said this is part of a strategy to increase its exposure in wealth management by concentrating on its ...

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
"We're going to drain the swamp." This was one of US President Donald Trump's battle cry when he was still campaigning for the top job in America. It looks like he's on his way to fulfilling this promise but instead, Trump's draining ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
Houston, we're on target. The US Income and Outlays account released last Friday showed that US inflation as measured by the US Federal Reserve's favoured gauge - the core PCE price index - is now smack bang where the Fed wants it, rising by ...

Chief economist update: It's always slow in America in Q1

BENJAMIN ONG  |  FRIDAY, 29 JUN 2018
The third and final estimate of US GDP growth showed the economy grew at an annualised rate of 2% in the first quarter of 2018. This is lower than market expectations and would be unchanged from the second estimate's 2.2% rate. While the slight ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...

Aussie asset manager cops ASIC intervention

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has slapped licence conditions on an alternative asset manager, citing concerns over the corporate governance of the firm after the misappropriation of investors' funds by a former employee. Aurora Funds Management is now required ...

Cryptocurrencies on radar but not priority: RBA

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
Cryptocurrency usage in Australia is currently not large enough to raise policy concerns for the Reserve Bank of Australia (RBA), an official from the central bank said in Sydney yesterday. The Reserve Bank has closely followed developments in the crypto ...