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Showing 2701 - 2710 of 7106 results for "June 2023"

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
Financial markets got what they wished for from the world's three biggest central banks that met last week. The Bank of Japan (BOJ), the Fed and the Bank of England (BOE) all delivered as expected but not without help from the repeated and reiterated ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...

AZ NGA assets hit $6bn with latest acquisition

ALEX BURKE  |  THURSDAY, 2 NOV 2017
An AZ Next Generation Advisory subsidiary has acquired a $284 million client book, bringing the group's total assets under advice to more than $6 billion. Wise Planners, which AZ NGA acquired in 2015, bought the client book from AFM Advisers. AFM was ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
It was the event that wasn't. This event, of course, is the US Federal Reserve's 31 October - 1 November FOMC meeting. The Fed's forward guidance is the same as it was in the 20 September FOMC statement when it announced that it would initiate its balance ...

Melbourne advice firm cops historic $1 million fine

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
A Melbourne-based financial advice firm is the first to be penalised for breaching the best interests duty, slapped with a $1 million fine by the Federal Court. NSG Services, currently named Golden Financial Group, was found on eight separate occasions ...

Advice industry compensation bill hits $37m

KARREN VERGARA  |  FRIDAY, 27 OCT 2017
The financial advice industry shelled out $37 million in FY17 to 2200 clients that suffered financially from bad advice, according to ASIC. The regulator completed 227 "high-intensity surveillances" of financial advisers and banned a total of 35 "bad ...

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
The European Central Bank's (ECB) October monetary policy meeting ended financial market speculations over its QE exit strategy. ECB president Mario Draghi did what he telegraphed he would -- discuss QE unwind strategy in October - and offered something ...

Equity Trustees enters $5.2bn super fund merger

ALEX BURKE  |  TUESDAY, 24 OCT 2017
Equity Trustees is entering a partnership to facilitate a $5.2 billion superannuation fund merger. Under the terms of the partnership, and subject to approval from the two funds' respective trustee boards, EQT's The Executive Superannuation Fund and ...

Enter the dragon

BENJAMIN ONG  |  MONDAY, 23 OCT 2017
... 10.1% in the previous month and annual growth in industrial production advanced by 6.6% in September - the fastest since June - from 6% in August but fixed asset investment slowed to 7.5% from 7.8% over the same period. These are captured by China's ...

Jobs galore

BENJAMIN ONG  |  FRIDAY, 20 OCT 2017
It's a wonderful set of numbers that came just in the nick of time for the estimated 900 workers who'll be finishing at Holden's car manufacturing plant in Adelaide today. For as that door closes, another opens. The Australian Bureau of Statistics (ABS) ...