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Showing 4641 - 4650 of 17956 results for "Bank"

Labour and housing drive rate sentiment

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
As the Reserve Bank of Australia holds the cash rate at 1.5%, economic conversations are moving from a rise to a cut. AMP Capital chief economist Shane Oliver earlier this month said the RBA could cut to 1% by the end of 2019, with the first rate cut ...

Chief economist update: Trump trumps Fed

BENJAMIN ONG  |  TUESDAY, 29 JAN 2019
It appeared that not only us, Australians all, were celebrating Australia Day on January 26. Our American brethren were too... but for a different reason. The Dow rose by 0.7% on the day (January 25 in New York); the S&P 500 increased 0.8% and the Nasdaq ...

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... million. "This comprises around $325 million from the retained businesses (Australian wealth management, AMP Capital, AMP Bank and New Zealand wealth management and advice) and a net operating loss of around $105 million from the businesses subject to ...

Rest launches low-cost indexed options

KARREN VERGARA  |  FRIDAY, 25 JAN 2019
... Bloomberg AusBond Composite 0+ Years Index, Citigroup Global Bond Index ex-Australia (hedged to AUD) and Bloomberg AusBond Bank Bill Index. The Australian Shares Indexed option aims to perform in line with the benchmark S&P/ASX300 Accumulation Index ...

Chief economist update: Good jobs bad jobs

BENJAMIN ONG  |  FRIDAY, 25 JAN 2019
Pop that cork! Roll out the barrels... the barrels of fun! The Australian Bureau of Statistics' (ABS) latest tracking of the labour market shows that we've got jobs and they're multiplying. Total employment grew by a greater-than-expected ...

Former Macquarie executive takes new role

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
Blue Sky Alternative Investments has appointed a former Macquarie executive as its new chief risk officer. Andrew Werro has taken on the newly created position, bringing more than 25 years' experience in financial services. Werro is a former chief financial ...

Wells Fargo AM chief moves to BMO

OSKAH DUNNIN  |  THURSDAY, 24 JAN 2019
BMO Global Asset Management has appointed a new chief executive following the retirement of its current leader. Joining BMO Global Asset Management in March is Kristi Mitchem. She will replace Richard Wilson on March 18. Mitchem is the current chief ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
The corporate regulator permanently banned a former NAB financial adviser, while a former Commonwealth Bank and Synchron adviser was handed a five-year ban. Tai Thanh Nguyen of Adelaide was permanently banned by ASIC for dishonest conduct while licensed ...

Industry Super Australia forecasts a rate cut

KANIKA SOOD  |  THURSDAY, 24 JAN 2019
... the RBA's next move on the cash rate could be downwards. ISA chief economist Stephen Anthony said it is likely the Reserve Bank of Australia could shave 25 basis points off the 1.5% cash rate in the fourth quarter of 2019. "Based on our reading of the ...

Chief economist update: Bring on Aussie dollar depreciation

BENJAMIN ONG  |  THURSDAY, 24 JAN 2019
... consistent with, and a natural consequence of, the macroeconomic research company's earlier prediction that the Reserve Bank of Australia (RBA) would be forced to cut the official interest rate to 1.0% (versus its previous forecasts that it would ...