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ASIC hits former Westpac, NAB, YBR adviser with permanent ban

ALEX BURKE  |  MONDAY, 5 MAR 2018
... regulator's decision. Last week, ASIC said the conduct of financial advisers and their licensees will be a key focus over the next six months. Releasing its latest enforcement report, the regulator said it will be paying particular attention to financial ...

Xero appoints former Microsoft Australia chief

ALEX BURKE  |  MONDAY, 5 MAR 2018
... subscribers." Drury added Vamos has "demonstrated to the board and me that he has the skills and experience we need to execute Xero's next phase of growth, while I contribute to strategy as a non-executive director with my passion for product innovation." ...

Chief economist update: The risks just got real

BENJAMIN ONG  |  MONDAY, 5 MAR 2018
... global recovery is underway, aided by a rebound in investment and trade...Global growth is expected to be sustained over the next couple of years-and even accelerate somewhat in emerging market and developing economies (EMDEs) thanks to a rebound in ...

Chief economist update: Trump spoils for war

BENJAMIN ONG  |  FRIDAY, 2 MAR 2018
... fulfilment as an excuse to take profits. The Dow fell by 1.7% and S&P 500 by 1.3% overnight after Donald announced that "sometime next week, we'll be signing" the imposition of a 25% tariff on steel imports and 10% for imports of aluminium. Yes Virginia ...

Chief economist update: Three minutes

BENJAMIN ONG  |  MONDAY, 26 FEB 2018
... normalisation) but... this all depends on upcoming data. The minutes of the RBA meeting reveal that our central bank sees the next move in the official cash rate to be up, provided that the unemployment rate declines and inflation rises in line with ...

Industry fund buys $7 million beef stake

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2018
... pedigrees originate from Japan and are verified as 100% wagyu. The investment is expected to create 76 full-time jobs over the next five years and provides the capital for Stone Axe Pastoral to breed the largest full-blood wagyu cattle herd outside of ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
... the price of iron ore would result in an additional A$6.5 billion to nominal GDP in FY2018-19 and A$14.1 billion over the next fiscal year - times three. Similarly, tax receipts would increase by A$1.3 billion and A$4.2 billion, respectively. Still ...

Former wealth group chief joins Macrovue

ALEX BURKE  |  THURSDAY, 22 FEB 2018
... on an exciting growth phase of the business and are looking forward to benefiting from Rod's expertise to assist with the next stage of Macrovue's evolution. "To help with this growth phase, we will be embarking on a Series A capital raising round to ...

Boutique aims to tackle retiree housing affordability

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2018
... currently 100% occupied, with a waiting list of potential tenants," he said. Pritchard added that generational change over the next 15 years is anticipated to be higher in the Bundaberg area than in the rest of Queensland, and the proportion of over-65s ...

NAB redundancies in full swing

KARREN VERGARA  |  TUESDAY, 20 FEB 2018
... Australia believes NAB is not doing enough to retrain or reskill the 6000 employees that will be made redundant over the next three years. Finance Sector Union of Australia (FSU) national secretary Julia Angrisano said many of these workers have been ...