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Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... "experts" were still predicting one, maybe two, RBA rate hikes going forward... and the RBA was still insisting that the next move in interest rates is likely to be up rather than down and about the same time three of the 10 highly-qualified and esteemed ...

RC sting felt in finance pay packets

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... Financial Standard the recruiter expects lots of mid-level to senior employees in financial service will be looking for their next role in the coming months. He explained that many of those in "the big end of town" are being forced to consider roles ...

Blackstone makes $8.7 billion purchase

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... US states. President of Colony Capital Darren Stewart said Blackstone was the ideal choice to lead the business during its next stage of growth. "This sale allows Colony to both achieve compelling returns for our investors and generate significant liquidity ...

Industry embraces Mental Health Month

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
... Hare said. The business has also engaged a third party to run a wellbeing session. "We're working with Kate McKenna from Next Evolution Performance to run a session on the five elements of wellbeing - energy, community, career, financial & social. Research ...

Australia slips in global retirement ranks

ELIZABETH MCARTHUR  |  MONDAY, 30 SEP 2019
... 2023." "Along with Denmark, we are the first of a number of OECD countries to take this step - the United States and Spain are next in 2027." However, Natixis managing director for Australia Louise Watson pointed out that the gap between super balances ...

Chief economist update: Are capital markets the next Sino-US battleground?

BENJAMIN ONG  |  MONDAY, 30 SEP 2019
US president Donald Trump might be thinking that it's a small price to pay - sending the US equity market down - in return for his broader objective of getting China to wave the white flag in this seemingly never-ending trade battle. US benchmark ...

Macquarie unveils green ambitions in New York

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... is planning to develop a 20 gigawatt (GW) suite of renewable energy products through its Green Investment Group over the next five years. Revealed by chief executive Shemara Wikramanayake before fellow global business leaders at the Bloomberg Global ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... its 2019 growth outlook, the OECD's interim projections still forecast 6.1% growth for the Chinese economy this year. Next year is the problem where the OECD expects China's economy to grow by only 5.7% (downgraded from 6% in its May forecast). ...

Bennelong boutique scores first insto mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
... banking group. It partnered with multi-boutique Bennelong Funds Management in 2015 and launched its retail unit trust the next year, which has outperformed benchmark by 4.29% p.a. net of fee since original inception in 2014, when it was under a different ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... of cash and is able to take direct responsibility for the accurate and timely receipt of client funds. This is a logical next step as we continue to build out our capabilities and out footprint in this strategic market." Northern Trust named Robert Poulter ...