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Showing 2771 - 2780 of 7101 results for "June 2011"

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Commonwealth Bank confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access ...

HUB24 expands white label solutions

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2017
Investment and superannuation platform provider HUB24 has partnered with a financial services company to launch a new platform this month. The white label partnership will provide Accountable Wealth Management's accountants and advisers access to a ...

Inflation: Cost-pushed and demand-pulled

BENJAMIN ONG  |  WEDNESDAY, 9 AUG 2017
... Australian economy, going forward inflation indicators are heading the other way. After rising by 1.1% in the three-months to June (from 0.9% in the previous three-month period ended May), labour costs eased to just 0.6% in July. Similarly the quarterly ...

Roaring forties produce super member tailwinds

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
Superannuation members invested in lifestage funds and aged between 40 and 50 have produced an outstanding 12-month return on retirement savings according to the latest super fund analysis. Rainmaker research shows lifestage (also lifecycle) MySuper ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
Commonwealth Bank chief executive officer Ian Narev and fellow group executives have been stripped of short-term bonuses ahead of tomorrow's financial results. The decision, made by the CBA board in a meeting yesterday, was reached following consideration ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
Unlike the Bank of Canada (BOC) which he headed from 2008-2013, now Bank of England (BOE) governor Mark Carney didn't follow through on the remarks he made at the European Central Bank Forum in Portugal that, "Some removal of monetary stimulus is likely ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
... December 2016 quarter while headline inflation decelerated from 2.2% (year-on-year) in May to a historic low of 1.5% in June - now below the bottom scale of the RBI's 4% +/- 2% inflation target range. Recall that it was the accelerating pace of headline ...

Losses consistent with growth objectives: CGA

ALEX BURKE  |  THURSDAY, 3 AUG 2017
The board of Contango Asset Management (CGA) responded to an ASX query about whether it had sufficient funds to continue operating, saying negative cashflows are "consistent with long-term growth objectives." ASX principal adviser, listings compliance ...

Family office merger sees new chief executive

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2017
Newly combined family offices, Mutual Trust and Myer Family Company, announced the appointment of a new chief executive. Phil Harkness has been appointed chief executive of Mutual Trust and chief executive-elect of the enlarged group. Pending completion ...