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Major US exchange to stop listing bitcoin

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... approach with respect to how it plans to continue to offer digital asset derivatives for trading. "While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
... cross-party alliance of supporters in both Houses of Parliament as well as working with government." "We now look ahead to the next stage and ultimately delivering the UK's first CDC pension." CWU deputy general secretary postal Terry Pullinger said ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... further," Rowe said. "Our members' best interests are always at the centre of everything we do, and we are looking to take the next step on our growth journey - adding an extra senior executive to oversee this important area was a vital step in that ...

Chief economist update: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
... gaining currency. The chart below shows the reason behind the RBA's insistence last year that the "the likelihood of the next move in interest rates is up rather than down." The AUD was depreciating against the USD (down by 10% in 2018) and in trade ...

Negative gearing reforms not a panacea: Poll

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... changes will make housing more affordable for Australians. Labor wants to limit negative gearing to new housing if it wins the next election in a bid to put "the Australian dream of home ownership back within the reach of middle and working class families." ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class action is run as an "open" one, meaning all investors ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... three-person panel appointed by Federal Treasurer Josh Frydenberg. The Treasury is seeking responses on the consultation for the next 26 days, through April 10. The terms of reference state the panel should treat recent reviews and reports into APRA ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... optimistic investors have pushed up asset prices, the US economy has risen steadily - making it hard to predict what could be next for the markets. "Where are we now? I think the current [up] cycle is in the eighth innings. In baseball, in a regular ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... things are done around here,' he pointed out. Even though APRA and ASIC "copped the biggest stick" at the Royal Commission next to the retail sector, Silk believes the regulators are taking a tougher approach with super funds. On top of aggressive regulation ...

More advisers using ETFs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... the report shows. This number has since grown to 53%. A further 16% of the adviser base is considering using ETFs in the next 12 months, according to the report. "Advisers are facing unique business challenges as we head further into 2019, with increased ...