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Showing 4261 - 4270 of 9316 results for "Red"

China trade deficit with Australia widens

BENJAMIN ONG  |  THURSDAY, 9 NOV 2017
Timely or well-timed but the release of China's trade balance just as US President Trump lands in the Middle Kingdom should help partly assuage Donald's displeasure with the US-China trade imbalance. China's trade surplus contracted sharply to US$38.2 ...

Beyond 6000

BENJAMIN ONG  |  WEDNESDAY, 8 NOV 2017
After three attempts over the past 10 years, the S&P/ASX 200 index finally got there - it broke above the formidable 6000-point resistance level. The Australian equity market's benchmark index closed up by 1% yesterday - a hefty day index return by ...

Suncorp ditches plans for Tower acquisition

JAMIE WILLIAMSON  |  TUESDAY, 7 NOV 2017
Suncorp subsidiary Vero Insurance has abandoned its efforts to acquire Tower Limited, halting its High Court appeal against the New Zealand Commerce Commission's decision to veto the move. In a statement to the ASX this morning, Vero announced it received ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
The wealth management and insurance businesses continued to squeeze the margins of the four major banks in the full year to 2017, separate reports from EY and KPMG have found. A KPMG analysis of the major Australian banks' performance shows the insurance ...

Industry Super pushes for affordable housing asset class

KARREN VERGARA  |  MONDAY, 6 NOV 2017
Establishing a new asset class that targets institutional funds and offers affordable rental housing could help curb the housing affordability crisis, Industry Super Australia's latest whitepaper shows. ISA chief economist and report author Stephen ...

FinPal integrates broking capabilities

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
FinPal will add functionality for mortgage brokers to its software to accommodate for the increasing overlap of broking with financial advice. The next release of the FinPal software will seek to bridge the gap created by advisers and brokers using ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
The Revenue and Financial Services Minister today welcomed a consultation paper on the terms of reference, governance and funding arrangements for the Australian Financial Complaints Authority (AFCA). AFCA, expected to operate as of 1 July 2018, is ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...

Melbourne boutique shutters under passive pressure

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
The rise of passive investment and superannuation fund internalisation has led to a Melbourne-based Australian equities boutique terminating its only fund. In a letter to unitholders, Concise Asset Management said it has reluctantly decided to wind ...