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Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... October 29-30 FOMC meeting strengthened (with 93% probability) as against expectations that the RBA would remain on hold at its next board meeting on November 5. Unlike China, Australia may not be playing the tit-for-tat tariff hike game with the US ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... of Company Directors (AICD) which found that around 59% of directors anticipate weak domestic economic conditions over the next 12 months, compared with only 8% expecting a stronger 2020. The overall sentiment index has dropped to a three-year low of ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
... than inadvertent", with senior management potentially ignoring legal advice and complaints from junior employees. In the next week, Cook claims she reported the information to Brian Salter, Jack Regan, Craig Meller and Catherine Brenner over email and ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... further cuts in production. Reuters quoted an OPEC source saying: "In December we will consider whether we need more cuts for next year. But it is early now, things will be clearer in November" and that "they want to make sure that countries like Nigeria ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... Standards and Ethics Authority code of the ethics. FASEA released its first guidance on the code, which will come into effect next year, late last week. The guidance document is 40 pages long and contains 32 examples. In a letter to members, the AFA ...

Another winter of Australian discontent

BENJAMIN ONG  |  WEDNESDAY, 23 OCT 2019
... season (which is 250% above the preceding five-year average). Rabobank expects gains prices to remain relatively flat over the next year. "A continuation of difficult seasonal conditions and still very high feed-grain demand on the east coast is expected ...

Insto sales director departs Principal Global Investors

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
... the company hires a replacement to work alongside Boys. "We thank [Gaffney] for his contributions and wish him well in his next endeavours," the company said in a statement. "Led by...[de Mestre and Boys]...the Australian team will continue to focus ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
Unless a positive shock emerges over the next few months, expect the RBA to continue lowering interest rates and the Morrison government to increase fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper). ...

Leaving a legacy

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... whereas we can control and have an idea of the reserves of strength that my wife and I have, it is difficult to say to the next generation of managers or trustees or directors that we want you to give to the business the same degree of energy or commitment ...

Trillionaires around the corner: study

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... years, the projections said. But the youngest one to cross the milestone is expected to be Mark Zuckerberg at the age of 51. Next in line after Bezos is Chinese real estate developer Xu Jiayin, who started his career as a technician at a steel factory ...