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| | | ANZ Bank's third quarter cash profit for the financial year was down 3% to $5.2 billion as bad debt continues to claw at profits. The group highlighted an increase of 5% in profit before provisions, with income increasing at a quicker rate than expenses. ... |
| | | | Fixed income dealer FIIG Securities has appointed a head of middle of markets. Mathew Simpson will take on the role, as FIIG looks to expand its reach in the middle markets sector. Simpson joins FIIG from Western Union where he was head of dealing. ... |
| | | | With inflation at a 17 year low markets are pricing in a rate cut at next week's RBA meeting, although, according to head of investment management Australia at Western Asset Management, Anthony Kirkham, a rate cut might not be the right answer. With ... |
| | | | Australia's largest life insurer, TAL, has launched a new consumer brand campaign to open the dialogue between Australians and life insurers. The campaign, which launched on national television on Sunday 24 July, hopes to raise the awareness of the ... |
| | | | ... greatest innovations over several decades have not come from within the industry. "They have been imposed from government. Ours is a reactive industry, prone to the continual winds of political and policy change from Canberra," he said. "Against this ... |
| | | | ... and documents. Also critical was the capacity to unbundle fees, rendering cloud software more accessible for firms, like ours, with a diverse client mix and service offering," Pease continued. BGL managing director Ron Lesh said MORE Super is one of ... |
| | | | One of China's largest asset managers and the in-house investment manager for the Netherlands' $500 billion National Civil Pension Fund (ABP) are in discussions to form a long-term strategic alliance. APG manages assets for ABP, which is the Netherlands' ... |
| | | | UK credit rating The Brexit fallout continues. Credit-rating agencies Standard & Poor's and Fitch Ratings have downgraded the United Kingdom's sovereign credit rating. Standard & Poor's lowered the UK's credit rating by two notches, from 'AAA' to 'AA' ... |
| | | | PIMCO's executive committee has announced multiple layoffs at the company as part of a worldwide restructure. In an internal memo to staff, chief investment officer Dan Ivascyn, chief executive Doug Hodges and president Jay Jacobs said they had, "taken ... |
| | | | ... outlook for 2016 remains challenging, and in this persistent low growth environment we believe active strategies such as ours are best placed to offer investors absolute returns from emerging markets. We are steadfastly focusing the portfolio on what ... |
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