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Showing 3051 - 3060 of 6939 results for "% December"

CBA offers more than $4m in compensation

KERRIE SYDEE  |  THURSDAY, 2 JUN 2016
The Commonwealth Bank of Australia (CBA) has offered $4,857,974 in compensation as part of its Open Advice Review program, which has seen over 9000 cases submitted for review. CBA independent expert, Promontory Financial Group, has released its fifth ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 2 JUN 2016
Australia GDP Australia's economic growth accelerated in the first quarter of 2016. Real GDP expanded by 1.1% in the March quarter - up from the 0.7% increase recorded in the fourth quarter 2015 and significantly higher than market expectations for ...

Lack of resources impacting ASIC

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
The latest licensing activity report released by ASIC reveals that the number of Australian financial services (AFS) applications approved was lower than the two preceding periods, citing a lack of staff and resources as one of the main reasons for ...

SMSFs granted ATO extension over LRBAs

DARREN SNYDER  |  TUESDAY, 31 MAY 2016
An extension for self-managed superannuation fund trustees to ensure their Limited Recourse Borrowing Arrangements are "an arm's length" dealing has been welcomed by the SMSF Association. SMSF Association chief executive Andrea Slattery said the seven ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 31 MAY 2016
Australia company profits The Australian Bureau of Statistics' (ABS) "Business Indicators, Australia" report shows that gross operating profits dropped by 4.7% in the March quarter following a 2.8% drop in the fourth quarter of last year and disappointing ...

ASIC permanently bans ex-HSBC, ANZ planners

KERRIE SYDEE  |  MONDAY, 30 MAY 2016
ASIC has permanently banned two financial advisers, one from HSBC and the other from ANZ. Tak Simson Kwok was employed by HSBC Bank Australia (HSBC) from 29 September 2009 to 16 December 2013 and was responsible for providing financial advice to HSBC ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 27 MAY 2016
Australia capex Private new capital expenditure declined by 5.2% in the March quarter, lower than the expected 3.0% fall and reversing the previous three-month period's 1.8% increase. Investment in buildings and structures dropped by 7.9% over the quarter ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 26 MAY 2016
Australia construction work done The value of construction work done in Australia fell by 2.6% in the March quarter, missing market expectations for a quarter-on-quarter decline of 1.5% but an improvement from December's 2.9% contraction and September's ...

New ETFs launched to cater for BOJ stimulus

MARK SMITH  |  WEDNESDAY, 25 MAY 2016
Japan's fund management industry is launching exchange traded funds to cater specifically for the central bank's massive monetary easing programme. Three new "physical and human capital" ETFs are designed solely for the Bank of Japan, which needs fresh ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 24 MAY 2016
Markit Flash US Manufacturing PMI If indications from Markit's preliminary estimate of US manufacturing activity is accurate, then talks of a Fed rate hike in June and/or "two or three" lifts this year could be just that, talk. The flash US manufacturing ...