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Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 13 APR 2016
IMF World Economic Outlook Another 3 months, another downgrade. In its April World Economic Outlook (WEO) update, the International Monetary Fund (IMF) has yet again revised down its global growth forecasts. The IMF now expects the global economy to ...

Fortnum debuts integrated advice platform

KERRIE SYDEE  |  TUESDAY, 12 APR 2016
... off-the-shelf advice framework supplied to them by an institutionally-owned dealer group and engineered to result in the sale of financial product. "As a non-institutionally owned licensee, we've custom-built an operational framework for the provision ...

Africa to become major alpha source

ALEX BURKE  |  MONDAY, 11 APR 2016
Insync Funds Management has predicted Africa will become the "next big growth region" for global investors. This is largely driven by the rise in African consumer markets, which have become a major profit driver for consumer multinationals, according ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 6 APR 2016
Australia trade balance Australia's trade deficit widened to A$3.4 billion in February, an 8% increase from the previous month's A$3.2 billion shortfall and disappointing consensus expectations for an improvement to a A$2.5 billion trade gap. Exports ...

QIC acquires stake in US mall

KERRIE SYDEE  |  TUESDAY, 5 APR 2016
QIC has acquired a 49% stake in Ballston Common Mall in Arlington, Virginia, expanding its joint venture relationship with Forest City Enterprises Inc. The acquisition brings the total number of US real estate assets acquired by QIC on behalf of its ...

Northern Trust appoints APAC head

DARREN SNYDER  |  TUESDAY, 5 APR 2016
Northern Trust Asset Management has named a new head for its Asia-Pacific business, the fastest growing region at the global firm. The internal appointment sees John McCareins taking responsibility for Northern Trust's asset management activity across ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 5 APR 2016
Australian retail sales Retail spending showed no change in the month of February. This is lower than market expectations for a 0.4% lift, marking the third month in a row of disappointing retail sales - up 0.3% in January versus expectations for a ...

T. Rowe Price names Japan country head

MARK SMITH  |  WEDNESDAY, 30 MAR 2016
T. Rowe Price has named Naoyuki Honda as its new country head for Japan. A thirty-year veteran of the financial services and asset management industries, Honda will join the firm in early May after a filing with Japanese regulators. He will lead T. ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 29 MAR 2016
US personal income and outlays Sluggish US personal income and spending data have doused speculations of an April rate hike - prompted by St. Louis Fed president James Bullard's comments last week that, "You get another strong jobs report, it looks ...

Nominations open for 2016 MAX Awards

MICHELLE BALTAZAR  |  THURSDAY, 24 MAR 2016
The financial services industry's marketing, advertising and sales excellence awards, the 2016 MAX Awards, will be held on the 23rd of June at the Museum of Contemporary Art in Sydney. Nominations are now open. The annual event is hosted by Financial ...