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Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... tightening; concerns over Trump's tax cuts on the fiscal deficit - expected to add US$1.3 trillion to the deficit over the next 10 years; and, the absence of any major global upheaval that would necessitate the safe-haven quality of the US dollar. Mnuchin ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
... that's backed by the latest IMF World Economic Outlook report predicting world output to quicken to 3.9% this year and the next from 3.7% in 2017. The same one that's upgraded Japanese GDP growth by a whopping 0.5 percentage points to 1.2% this year ...

Insurtech associations form global alliance

ALEX BURKE  |  TUESDAY, 23 JAN 2018
... across our ecosystems to transform global insurance industry. We look forward to taking our cross-border collaboration to the next level and building the future of insurance together." The first GITA initiative will be launching a roadshow in March in ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
... 20-year high. Credit Suisse's Global Wealth Report forecasts the number of millionaires in Australia will grow by 46% over the next five years, to about 1.7 million. Oxfam Australia chief executive Helen Szoke said a "broken" economic system which concentrates ...

OpenMarkets appoints executive, announces integration

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
... immediately, preventing the placement of duplicate orders due to delayed feedback. "This integration takes our company to the next level as it will allow us to scale the business more rapidly while reducing the number of additional resources required ...

Club Plus creates head of partnerships and growth role

ALEX BURKE  |  MONDAY, 22 JAN 2018
... years, and advised he would take a break over summer, with a view to completing post graduate training to prepare for the next stage of his working life. At the time, Club Plus chair Tara Moriarty said: "The Club Plus Super board is thankful for the ...

Money managers eye household debt

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... "We're 10 years into a bull market, and while bull markets don't die of old age, it tells me we're 10 years closer to the next bear market and there will be turning points that will cause that to occur," he says. The comments come ahead of the Financial ...

Aussie crypto fund opens to wholesale investors

DARREN SNYDER  |  FRIDAY, 19 JAN 2018
... fast growing crypto space. I'm especially proud of the team we have built and the partnerships we have formed as we take next step," he said. Applications ahead of the fund launch will close on January 25 and the fund will thereafter be open to new investors ...

Former Macquarie executive director joins listed property firm

ALEX BURKE  |  THURSDAY, 18 JAN 2018
... business heads, and the board, I am confident in the group's ability to capitalise on the investments we have and on our next phase of growth."

Former advice dealer group chief executive surfaces

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... success in Sydney. "For me it is an opportunity to grow the Melbourne market and to assist firms that are looking to take the next step in their evolution," he said. Fernandez said his overall responsibility will be to provide clients with expert advice ...