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Showing 3851 - 3860 of 17956 results for "Bank"

Chief economist update: Happy New Year rat

BENJAMIN ONG  |  MONDAY, 20 JAN 2020
... expansion. The services PMI eased to 52.5 from November's seven-month high reading of 53.5. Recent government and central bank stimulus packages should underpin continued stabilisation in the Chinese economy. Recall that on November 18, the People's ...

Analysts remain wary as ASX breaks 7000

ALLY SELBY  |  FRIDAY, 17 JAN 2020
... arising from the up and coming reporting season." Rodda said the market's highs were being driven by a flooding of central bank liquidity. "The reason I think the ASX200 is outperforming right now is that unlike other major economies in the world ...

Investment boutique makes PIMCO hire

ALLY SELBY  |  FRIDAY, 17 JAN 2020
... AustralianSuper as a senior analyst, at Australian National University as a statistics lecturer, and AMP Capital and Commonwealth Bank in quantitative strategy. The newly created research team will support portfolio managers in researching and developing ...

Chief economist update: Fundamentally overvalued

BENJAMIN ONG  |  FRIDAY, 17 JAN 2020
... Brexit is no longer uncertain and major global central banks continue to maintain accommodative monetary policies. The Reserve Bank of Australia (RBA), for one, is expected to lower the official cash rate by at least another 25 basis points to 0.5% this ...

Revolution Asset Management launches second fund

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
Bob Sahota's private debt boutique has raised $100 million for its second fund with a Sydney superannuation fund onboard again as an investor. The Revolution Private Debt Fund II follows the boutique's inaugural fund which raised $200 million ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
Goldman Sachs has taken a fresh US$1 billion blow to its quarterly profit, as the bank foots the litigation bill for its involvement in the ongoing 1MDB corruption scandal. The US-based bank posted quarterly revenue of US$9.96 billion, beating expectations ...

JPMorgan Chase reports record profits

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... financial powerhouse JPMorgan Chase & Co has beat analyst expectations, seeing its most successful year on record. The investment bank raked in $52.8 billion (US$36.4 billion) in the fourth quarter in net income, up 12% from the previous year. Net income ...

The Income Store closed for business

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
The US Securities and Exchange Commission froze the assets of Ken Courtright's company Todays Growth Consultant which also operated as The Income Store. The commission has filed an emergency enforcement action, obtained a temporary restraining order ...

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
... poll. The outlook for 2021 held at 2.5%, still short of the 2.75% that is considered trend." These compare with the Reserve Bank of Australia's (RBA) GDP growth forecasts - published in its Statement on Monetary Policy (released in November 2019) ...

Bank of Mum and Dad forking out serious dosh

ALLY SELBY  |  TUESDAY, 14 JAN 2020
More young Aussies are turning to their parents, the appropriately dubbed 'Bank of Mum and Dad', to help secure equity for a first home deposit, and financial advisers are split on the growing trend. For some, the lucky few, the money for the ...