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Showing 421 - 430 of 1553 results for "Offset"

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... implementing a policy being termed, average inflation targeting (AIT). Under AIT, the Fed would target inflation over 2% to offset years when inflation had been below target. My interpretation is that it would let inflation run by as much as 2.5% or ...

Former Goldman Sachs exec charged over $62m bribery

ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
... from the securities industry. He will have to pay a penalty of $62 million (US$43.7 million), which has been partially offset by amounts already paid in relation to parallel criminal action taken against Leissner by the US Department of Justice.

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... -- "driven by a decline in income tax payable, which was impacted by the introduction of the low and middle income tax offset" (ABS) - household consumption rose by just 0.1% over the three-month period to its slowest pace since the December quarter ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... quarter, "driven by a decline in income tax payable, which was impacted by the introduction of the low and middle income tax offset". (ABS) In what could be construed as a negative verdict on the country's economic outlook, the gains from lower borrowing ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... cuts. "We will expect that over time these [FUM-based revenue margins] will continue to tick down, but it will be more than offset by the increase in the FUM," Gibbs said. Gibbs is currently also the acting chief executive, after Phil Vernon left the ...

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... off. Stanford's paper says that Grattan's model incorrectly assumes that wages adjust fully and immediately to offset superannuation contributions. It also says that many major reports that have refuted an increase to SG tend to use the same ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... primarily driven by foreign exchange movements and investments made by MIRA-managed funds and mandates. This was partially offset by foreign exchange movements, full-period impact of some acquisitions and lower net operating income from moving to a joint ...

RBA downplays likelihood of further rate cuts

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
Reserve Bank governor Philip Lowe has told a forum at the International Monetary Fund that Australia's economy is set to "return to trend growth" next year. Lowe said the expected return to trend growth over the next year will help get the unemployment ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
IOOF has secured the sale of ANZ's OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
... down $1.1 billion from the previous quarter comprised of $1.8 billion of net outflows mainly from Australian equities, offset by market appreciation of $700 million. Pendal announced FUM of $100.4 billion, suffering a 1% loss for the quarter with outflows ...