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Showing 251 - 260 of 1814 results for "GIA"

Elon Musk buys Twitter for $61.4bn

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
Eccentric entrepreneur Elon Musk has entered into a definitive agreement to acquire social media networking platform Twitter. In a Tweet, Musk explained his motivation to acquire the tech giant saying: "Free speech is the bedrock of functioning democracy ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

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 ...

SEC rules against Amazon pension case

ELIZABETH MCARTHUR  |  TUESDAY, 12 APR 2022
The US Securities and Exchange Commission ruled against Amazon's no-action motion to exclude a shareholder resolution asking the company to prepare a report on how employee retirement savings are invested. The shareholder resolution, brought by activist ...

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 ...

PIMCO dumps LIT launch

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
After announcing it would launch this month, PIMCO has canned its long-awaited Global Income Opportunities Trust, citing inadequate demand. The LIT was first announced in November 2019 and planned for a March 2020 launch, however, was delayed due to ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
APRA has named the superannuation funds it believes face immediate sustainability issues, with 38 of 78 funds declining on all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts ...

UniSuper makes venture capital play

ELIZABETH MCARTHUR  |  THURSDAY, 24 MAR 2022
UniSuper, the $106 billion industry fund, has made an investment with a venture capital fund manager. The fund has invested $75 million with early-stage commercialisation fund manager, Uniseed. The investment will feed into UniSuper's sustainable investment ...

La Trobe takeover confirmed

CHLOE WALKER  |  MONDAY, 21 MAR 2022
Following speculation, Brookfield Asset Management has announced an agreement to acquire La Trobe Financial for $1.5 billion. The valuation includes a contingent payment tied to the business achieving certain performance milestones. La Trobe Financial ...

AltX appoints head of property risk

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
The Sydney-based alternative investment platform adds Giamol Pasin to its team. Pasin has 30 years' experience in the property industry as a valuer of all classes of property related assets. Pasin has previously served as director of property risk for ...