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Showing 3841 - 3850 of 9740 results for "Major"

S&P outlook downgrade extends to banks

KERRIE SYDEE  |  FRIDAY, 8 JUL 2016
... Poor's (S&P) revised Australian sovereign rating outlook from 'stable' to 'negative' has also been extended to the Australian major banks. The outlook downgrade is the first move of any of the major ratings agencies over the past 25 years, as S&P cautioned ...

Fund managers fleeing UK post-Brexit: Preqin

ALEX BURKE  |  THURSDAY, 7 JUL 2016
Roughly a third of alternatives managers are investing less in the UK as a response to the Brexit referendum, according to Preqin research. The research, based on a survey of 140 alternative assets firms and 50 institutional investors, showed that the ...

Telstra acquires Blue Sky fund assets

ALEX BURKE  |  TUESDAY, 5 JUL 2016
A Blue Sky Private Equity fund has sold its majority share of a business to Telstra. The business, Readify, was founded in 2002 and provides large Australian companies with custom software development, deployment and consulting services. Blue Sky provided ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 5 JUL 2016
Australian dwelling approvals The Australian Bureau of Statistics (ABS) released figures showing that total dwelling units approved dropped by 5.2% in the month of May, worse than market expectations for a 3.3% fall and more than reversing April's 3.3% ...

Group market weakness hurts 12-month risk figures

MARK SMITH  |  MONDAY, 4 JUL 2016
Overall risk sales at the major insurers have fallen 5.9% over the 12 months to end of March owing to significant falls in group risk sales. The latest figures from Plan For Life show even though overall risk premium inflows for March were up 6.2% ...

Australian elections just gave uncertainty a top up

BENJAMIN ONG  |  MONDAY, 4 JUL 2016
"As a historian, I fear that Brexit could be the beginning of the destruction of not only the EU but also of western political civilization in its entirety." -Donald Tusk, President of the European Council I thought he went over the top and got carried ...

ASIC changes drive GPS Wealth growth

KERRIE SYDEE  |  THURSDAY, 30 JUN 2016
The need to hold a limited Australian financial service licence (AFSL) or be an authorised representative of a licence-holder or licensee has seen more than 60 accounting practices join GPS Wealth in the last financial year. The 60 practices including ...

Supreme Court makes China Growth Fund EGM ruling

ALEX BURKE  |  TUESDAY, 28 JUN 2016
The Supreme Court ruled against voting rights for one of the biggest shareholders of the AMP Capital China Growth Fund at the upcoming extraordinary general meeting (EGM) in July. AMP Life, which holds roughly 36% of units in the China Growth Fund on ...

Fiduciary fund debuts on key platforms

KERRIE SYDEE  |  TUESDAY, 28 JUN 2016
Boutique funds management firm NWQ Capital Management's Fiduciary Fund is now available on two major investment platforms, opening up the fund-of-hedge-fund (FOHF) vehicle to a greater number of financial advisers. The Fiduciary Fund has been added ...

Banks will always take more risk: APRA exec

DARREN SNYDER  |  TUESDAY, 28 JUN 2016
... differences at the business unit level." On the banks' requirements to increase capital, APRA's Littrell said Australia's four major banks now own 80% of the country's banking market. He said they each own the same business model, are usually exposed ...