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Showing 391 - 400 of 924 results for "REIT"

An insight into AFCA workload

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
The latest quarterly statistics from the Superannuation Complaints Tribunal give a small insight into the workload that will face the Australian Financial Complaints Authority come Thursday. Closing to new complaints tomorrow, the Superannuation Complaints ...

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program. ASIC said school banking programs are supposed to educate young Australians about the ...

Property manager acquires $645m portfolio

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... set to acquire a $645 million portfolio of office buildings in Melbourne, Sydney and Brisbane. The Centuria Metropolitan REIT (CMA) has entered into agreements with Hines Global REIT, in a transaction that swells parent Centuria Group's (CNI) assets ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

Glut of underperformance in managed funds: Research

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
... ending 30 June 2018, almost 90% of international equity funds and more than 70% of Australian equity, Australian bonds and A-REIT funds underperformed their respective benchmarks on an absolute basis. The exception was Australian mid and small cap funds. ...

Chief economist update: Stability is doing it for Japan

BENJAMIN ONG  |  MONDAY, 24 SEP 2018
Another new set of tariffs will take effect today in the on-going Sino-US trade battle. Yet most equity markets around the world registered gains last week ahead of its implementation. This is because US-China tariff phase two is less onerous than was ...

Centuria REIT sees $755m off-market takeover

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
Australia's largest industrial REIT is seeing a $755 million off-market takeover offer from another REIT. PropertyLink Group (PlG) wants to acquire the all outstanding units in the Centuria Industrial REIT (CIP) for a combination of cash and PLG securities. ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

Cromwell operating profit up 3pct, trims distributions

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
... five segments: funds management (internal, retail and wholesale), asset services and property investment. Cromwell European REIT transactional and other income operating profit grew to $19.4 million from $2.6 million last year. Cromwell chief executive ...