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Showing 241 - 250 of 2401 results for "Sharp"

HNW population sees biggest decline in decade

CHLOE WALKER  |  WEDNESDAY, 7 JUN 2023
The global high-net-worth (HNW) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to $124.3 trillion, according to Capgemini's latest World Wealth Report. This drop, stated by the report, is the steepest ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government has delivered a small surplus of $4.2 billion for 2022-23, the first in 15 years, but structural deficit challenges continue to pose a threat to long-term fiscal stability. Treasurer Jim Chalmers touted the surplus and smaller ...

Uptick in adviser numbers: Research

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... super fund-aligned channels. "It remains to be seen whether this uptick in adviser numbers signals a recovery, or that the sharp December 2022 quarterly decline was a rogue figure," Rainmaker said. Boutique non-aligned AFSLs were the winners, attracting ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ...

APAC investors cut PE allocations by 50%

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... global capital helped propel APAC deal value to an extraordinary high in 2021. "That set the stage in 2022 for an equally sharp decline as economic forces battered the market, pushing deal value to the level of 2020," it added. Based on trends seen in ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
In an ASX announcement, AMP said that its Australian Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... IMF also said. "Financial sector stress could amplify and contagion could take hold, weakening the real economy through a sharp deterioration in financial conditions and compelling central banks to reconsider their policy paths." The IMF's latest forecast ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
Industry groups have welcomed the Your Future, Your Super (YFYS) review's focus on consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ...

Blackstone limits withdrawals on $103bn real estate fund

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... most recent in a string ; since November last year Blackstone has been forced to limit shareholder requests following a sharp rise in them. However, the investment manager said BREIT has paid out nearly US$5 billion to redeeming shareholders since 30 ...