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Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... markets already pricing in a second rate cut from the Fed this month. JP Morgan predicts the Fed will lower rates by 100bps next week, while Bank of America and Barclays both believe the Fed will cut rates by 50bps at both March and April meetings, taking ...

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... 0.1% in 2018 and 2019. The hope Italy can hope for given the lockdowns and shutdowns is for no growth...at least over the next two quarters. The hope is that the Italian government's new license to spend - even coaxed by the ECB and the EU - would ...

Willis Towers Watson, Aon to merge

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2020
... speculation it was laying the ground work for a broader deal. "The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital," Willis Towers Watson chief executive ...

Sargon lender sends in voluntary administrators

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... of about $75 million to go through. McCabe and Hayes will hold two creditors meeting, the first of which is scheduled for next Thursday at their Sydney offices at 28 O'Connell Street. The key issue for the first meeting will be to decide if a committee ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... Australia's ties with China may actually prove positive in the long term. "Australia is going to feel the pain as much as the next country, but its relationship to China may provide some relief in the long run," he said. "Chinese economic activity ...

Superannuation fund hits brakes on raise

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... impact investment community," a spokesperson said in a statement. "We will be picking up fundraising activity again in the next financial year." Future Super managed about $470 million at end of June, 2019. It was set up in 2014 by Simon Sheikh, a former ...

Thematic investing grows threefold

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... MSCI World Index," Morningstar said. "Although, those that do win can win big. For example, those who invested in the ARK Next Generation Internet ETF back at the beginning of 2015 would have raked in annualized returns of 27% through the end of 2019-3 ...

BT's transition not so super

KANIKA SOOD  |  MONDAY, 9 MAR 2020
... made a complaint to AFCA. Both BT and AFCA did not provide the number of complaints stemming from the transition. AFCA's next lot of statistics is out tomorrow and covers the six months to December, 2019. ASIC, whom one source said they had complained ...

JP Morgan's coronavirus contingency plan

ALLY SELBY  |  THURSDAY, 5 MAR 2020
... firm's consumer banking business in the US. About 10% of these employees will be asked to test working from home over the next few weeks. Banks around the world have been rolling out their own contingency plans in response to COVID-19, limiting or ...

Women rule ESG, but gap remains

ALLY SELBY  |  THURSDAY, 5 MAR 2020
... interest; in the broader industry there is a need for skilled and motivated people to bring responsible investing to the next level," she says. However, Victorian Funds Management Corporation head of investment stewardship, Talieh Williams says the field ...