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Showing 4401 - 4410 of 14213 results for "Interest"

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this morning, Treasurer Josh Frydenberg said the probe was designed to ensure transparency ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... agency mortgage-backed securities," it said. "These operations were aimed at putting downward pressure on longer-term interest rates. The associated easing in financial conditions then helped to support economic recovery, particularly at a time when ...

IOOF divests Perennial Value

ELIZABETH MCARTHUR  |  FRIDAY, 11 OCT 2019
IOOF has divested its equity stake in Perennial Value Management, with senior executives of the firm acquiring its interest. IOOF had a 52.4% equity interest in Perennial but 42.4% voting rights and dividend entitlements. IOOF said in a statement that ...

ASX updates listing rules

ELIZA BAVIN  |  FRIDAY, 11 OCT 2019
The Australian Securities Exchange has updated its listing rules, boosting its ability to crack down on rule breakers. ASX chief compliance officer Kevin Lewis said the changes are designed to improve disclosures to the market, make the listings rules ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
CHOICE has awarded AMP a Shonky for its "grossly underperforming" superannuation division, highlighting the AMP Retirement Trust and Super Savings Trust products. The consumer advocacy group said 55.5% of AMP's superannuation customer base comes from ...

Grattan modelling flawed, misleading: ISA

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... between super and wages, and the small potential reduction that could exist is readily offset by the greater compound interest that will be earned on increased super contributions, which will result in much higher incomes in retirement," ISA said. ISA ...

Funds management excellence to be recognised

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2019
... Group Infrastructure AMP Capital Colonial First State Investments Magellan Asset Management Global and Diversified Fixed Interest Payden & Rygel Investment Management PIMCO Australia UBS Global Asset Management Australian Fixed Interest Ardea Investment ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... itself by crippling our willingness to act." - Howard Zinn Taken after the Reserve Bank of Australia's (RBA) third interest rate reduction this year which brought the official cash rate to 0.75% and the Morrison government's July tax rebate ...

Hong Kong drops LSE bid

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2019
The bid was dependent on the axing of the London exchange's proposed Refinitiv takeover. The LSE had rejected the offer before it was pulled saying it fell "substantially short" of an appropriate valuation and there was "no merit in further engagement". ...

ANZ remediation costs break $1 billion

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
... pushed the total customer refunds paid by the bank to over $1 billion. The bank said $405 million is the result of fee and interest calculations following reviews of Australian retail and commercial products. Another $154 million is associated with the ...