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Showing 3761 - 3770 of 17956 results for "Bank"

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
Leaders from five international tax organisations came together in Sydney to review their work in fighting against transnational tax crime, revealing recent action against a global financial institution. The Joint Chiefs of Global Tax Enforcement (J5) ...

All Tech Index launches down under

ALLY SELBY  |  FRIDAY, 21 FEB 2020
After several years in the making, the ASX has launched a new technology index, set to boost the profiles of Australia's tech darlings and provide new opportunities to investors. The S&P/ASX All Tech Index, which some analysts have likened to an Australian ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... Australian dollar dropped to as low as US$0.6610 - its lowest level since the GFC - as markets raised their bets that the Reserve Bank of Australia (RBA) would "need" to cut interest rates again soon... very soon, for this, Virginia, is as good as it ...

Ellerston LIC chair resigns

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
Ashok Jacob has resigned as the chair of the $143 million Ellerston Asian Investments, as another Ellerston LIC looks to delist after being pursued by an activist investor. Ellerston Asian Investments (EAI) will now be chaired by Bill Best, who has ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... expects $80 million in additional expenses in FY20 as parts of its response plan in relation to the AUSTRAC scandal. The bank provided a company update to the ASX, in which it outlined its progress on its response plan for the AUSTRAC case along with ...

New private credit fund to launch

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... said. The fund will comprise of a three-person investment committee, including former managing director of UBS Investment Bank and iPartners co-founder Travis Miller. The other members include iPartners co-founder Rob Nankivell, who has previously worked ...

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... HSBC announced plans to cut around 35,000 jobs from its global business after posting a 33% drop in profits in 2019. The bank said it is also planning a complete restructure of the business as it reduces its global headcount to around 200,000 employees ...

Chief economist update: Working nine to five, barely getting by

BENJAMIN ONG  |  THURSDAY, 20 FEB 2020
"Workin' 9 to 5, what a way to make a livin' Barely gettin' by, it's all takin' and no givin'..." - Dolly Parton The Australian Bureau of Statistics' (ABS) latest update on the growth of wages among the country's workers ...

The sick short: Banking big on the coronavirus

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
... but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic. According to the World Health Organisation, 1873 people have died from the COVID-19 virus, with only ...

Bleak year for dividend growth in Australia

KANIKA SOOD  |  WEDNESDAY, 19 FEB 2020
... even if these companies had not cut dividends, Australia's dividend growth would still have been flat for 2019. Commonwealth Bank tumbled from paying the 15th highest dividend in the world in 2018, to the 20th spot. Meanwhile, BHP and Rio Tinto's special ...