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Northern Trust hires chief investment strategist

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
The $1.1 trillion global fund manager appointed a new chief investment strategist for three regions including Asia-Pacific. Wouter Sturkenboom will be responsible for designing, implementing and communicating global investment strategy for the firm's ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
... on which website you read). Even more so, because the PBOC also doubled down by allowing the yuan depreciate very, very close to the CNY7.000/US$1 line in the sand it long ago set as a target wherein which it would move to "stabilise" the currency. At ...

KKR offers $2.6b to acquire MYOB

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... share in cash, MYOB said in company filings. The private equity firm's offer is a 24% premium to MYO's Friday's close of $2.98. It is discount of about 3% to MYOB's one-year high of $3.81. KKR's proposal is contingent on due diligence ...

Chief economist update: An Indian surprise

BENJAMIN ONG  |  MONDAY, 8 OCT 2018
... exert upward pressure on India's inflation. The Indian rupee ended at an all-time low of R73.85 to the US dollar at the close of last week's trading - after hitting R74.22 in intra-day trade and is now 13.6% down versus the greenback this year ...

Labor Government on the cards: Spot poll

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
There is a good chance that the Labor Party will win the next election, Financial Standard's readership says. We recently asked our readers which of the following events will likely eventuate in the next 12 months: a global trade war; China going into ...

The joys of an independent board

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... issued more shares and a new prospectus was published. The result? ATT was trading at a premium of under 3% to an October 1 close. Another board that worked the premium on its trust's NAV is JPMorgan Global Growth and Income trust. "As a board, we have ...

NZ Super Fund delivers 12.4pct, braces for future

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
The NZ Super Fund delivered 12.43% in FY18, beating its passive reference portfolio benchmark by 2.02% and is now bracing for a changing economic landscape. The $39 billion fund has reaped the rewards of its growth-asset allocations but is now reducing ...

NAFTA's dead, welcome USMCA

BENJAMIN ONG  |  TUESDAY, 2 OCT 2018
"We're going to win so much, you're going to be so sick and tired of winning." US President Donald Trump can add the North American Free Trade Agreement (NAFTA) in his tally of 'wins' after the United States and Canada struck a last ...

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
... financial literacy seminar to students at selected high schools and also offers a similar seminar to parents in order to help close Australia's financial literacy gap. Over the coming months, Ward is looking to take Leda's message to more high ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commenting to the interim report released this afternoon, Federal Treasurer Josh Frydenberg said it's evident the findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards ...