Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 301 - 310 of 1877 results for "Wen"

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
After questioning from Senator Andrew Bragg at Senate estimates, prudential regulator APRA shared it has done some preliminary investigations about payments to unions. Bragg has claimed that superannuation which should be for workers has turned into ...

Fund inflows drop sharply: Calastone

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Calastone insights have found that Australians' investment appetite has cooled markedly in the first quarter of 2022. The quarterly fund flow index from Calastone found that after record inflows to managed equity funds in 2021, the value of new cash ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

Budget to back aspiring homeowners

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
In a pre-Budget announcement, Treasurer Josh Frydenberg has flagged that those hoping to break into the property market can expect a win. The government will double its financial commitment to the Home Guarantee Scheme, which already exists. The Home ...

ASX24 outage sparks concern

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
At 10am yesterday, the ASX identified a hardware related issue with its options and futures market ASX24 and placed it into a halt. ASX24 was not operational again until after 2pm, with the ASX reporting that the issue was confirmed to be caused by ...

Accenture pulls out of Russia

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
Accenture is ceasing operations in Russia, saying it will offer support to the 2300 employees impacted. In a statement, the consulting giant said it is discontinuing its business in Russia following the invasion of Ukraine. "Accenture stands with the ...

ESG funding booms in Australia: Calastone

CHLOE WALKER  |  MONDAY, 28 FEB 2022
ESG funds were major beneficiaries of Australians' cash last year but the nation still lags on a global scale, according to the last Global Fund Flow Index from Calastone. In an analysis covering over half a million buy and sell orders every month from ...

SelfWealth adds crypto

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 FEB 2022
Online broker SelfWealth will offer its clients cryptocurrency trading through a partnership with BTC Markets. SelfWealth says it is a first for Australia's online trading sector and is in response to increased demand for crypto investments. SelfWealth ...