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Showing 4521 - 4530 of 14213 results for "Interest"

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... came under the spotlight of the Royal Commission when it was revealed that high-profile adviser Sam Henderson held an interest in Xplore and did not disclose it to his clients while recommending the platform's products to them. Xplore's senior ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... equity market on the same day the Reserve Bank of Australia (RBA) held its August board meeting. As expected, the RBA kept interest rates on hold at 1% following its back-to-back 25 bps interest rate cuts in June and July. The re-escalation of the trade ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... platforms look for ways to survive and gain market share. Facebook's introduction of its cryptocurrency, Libra, revived interest in cryptocurrencies, with a number of global companies buying into it though there are still significant concerns from a ...

IPIF names investment lead, launches capital raise

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... demand for access to this attractive asset class." The capital raise is expected to close by mid-September. IPIF said interest in the IPIF Core fund has been particularly strong from high net worth individuals and self-managed superannuation funds. IPIF ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... theft, ASIC found Michael failed to disclose commissions on investments he recommended, failed to disclose conflicts of interest in investment recommendations, failed to prioritise his clients' interests ahead of his own and failed to act in the best ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... there's limited scope for monetary policy stimulation with the currently prevailing low, zero, and even negative interest rates. What's more chilling is that the US-China trade war has now sparked a mini-trade war between Japan and South Korea ...

BlackRock partners with $23bn super fund

HARRISON WORLEY  |  MONDAY, 5 AUG 2019
... to develop and become the seed investor for its new ESG-focused Global Bond Fund and, in doing so, to extend to fixed interest the same exclusionary screens we apply to equities under the Socially Conscious investment option," Howard said. BlackRock ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... that day focused on the markets' disappointment over Fed chair Jerome Powell's forward guidance that further interest rate cuts will depend on "incoming data and the evolving risk picture". That "risk picture" has almost immediately evolved into ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... April 2017. They believed they were investing in an online retailer of luxury sportswear and would receive an annual interest rate of 15% via convertible or promissory notes. Some of the money was used to pay earlier investors with funds received from ...