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Showing 301 - 310 of 2195 results for "In March"

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... injected an undisclosed amount into Creativemass. In the lead up to its demise, Craig Grogan was appointed chief executive in March 2022, taking over from Alex Ulrich. HoganSprowles went to market seeking expressions of interest from potential buyers ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... $3 million to help with expansion plans and in September, it received an undisclosed amount from investor Ric Edelman. In March, Lumiant closed another seed funding round totaling $5.2 million.

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... around 20-25% in Q2 2023. First Republic chief financial officer Neal Holland said with the closure of several banks in March, the bank experienced unprecedented deposit outflows. "We moved swiftly and leveraged our high-quality loan and securities portfolios ...

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... inaccurate and incorrect. ASIC calculates that Ascent owed about $149 million to clients and held $4 million in assets. In March 2022, ASIC applied to the Federal Court to appoint provisional liquidators to wind up Ascent. Three months later, ASIC succeeded ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... the gains on the other bonds enabled the fund to make a small overall gain on Credit Suisse," an investor note read. In March, securities watchdog ASIC made an interim stop order that prevented CVC from offering or distributing CVC Notes 2 because of ...

ETF industry continues growth: Betashares

CASSANDRA BALDINI  |  MONDAY, 17 APR 2023
Australia's ETF industry grew 2% in March for a total monthly market cap increase of $2.8 billion, according to Betashares' latest review. The report, by Betashares chief commercial officer llan Israelstam, revealed industry assets under management ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
The unemployment rate remained steady at 3.5%, with a stronger than expected lift in jobs in March, however economists say it won't lead to a rate hike. According to the Australian Bureau of Statistics, unemployment is at the lowest seen since 1974. ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
The Consumer Price Index (CPI) rose 0.1% in March, remaining at 5% year on year. NAB economist Taylor Nugent said the US CPI showed welcome, but not overwhelming, progress. "Headline CPI rose less than expected, up 0.1% month on month, and 5.0% year ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... with immediate effect. He has been replaced by Katarina Thorslund, the fund's deputy chief executive in the interim. In March, Alecta admitted it had incurred significant losses as a result of its investments in the three banks. The losses were in the ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... subject to approvals by the Overseas Investment Act in New Zealand and Foreign Acquisitions & Takeovers Act in Australia. In March, QIC announced its plans to build a 40-story building at 101 Albert Street, Brisbane, a sustainable development project ...