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Showing 31 - 40 of 2971 results for "Overnight"

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
The US Federal Reserve left interest rates on hold when it met overnight as it takes a "patient" stance while it awaits the inflationary impacts of US President Donald Trump's tariffs. The Fed noted that "uncertainty about the economic outlook has increased" ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... to lose a sizeable institutional mandate at the end of the week. The ASX-listed manager disclosed it received notice overnight that an institutional mandate worth about $958 million is to be terminated. The termination is to take effect from this Friday. ...

Trump backflips on tariffs but risks remain

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
... economy and particularly the US, still face "enormous risk" in the weeks and months ahead. "While equity markets bounced overnight, this may well be but one of likely several cruel bear market rallies in what had become a very oversold market in the ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... take much longer and that many of Caddick's victims are retirees. Justice Markovic approved the settlement amount overnight. About 50% of the money will go towards the victims while the other half is allocated to the law firm and litigation funder ...

Regal slashes holdings in Opthea over insolvency concerns

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... to drop Opthea's value to 20 cents per share after the company, which is listed on the ASX and Nasdaq, announced overnight that its phase three clinical trial Combination OPT-302 with Aflibercept Study (COAST) in patients with wet age-related macular ...

Ord Minnett poaches Perpetual advisers amid hiring spree

ANDREW MCKEAN  |  MONDAY, 17 MAR 2025
... local market and its full-service wealth offering. He also said that when meeting with prospective advisers, it's not an overnight conversation - Ords assesses whether they're a good cultural fit for the firm. "We want to understand what drives them ...

abrdn embraces letter 'E' again

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAR 2025
... After its much derided rebrand did little good, abrdn will add back the three vowels it removed from its name in 2021. Overnight, it was announced that abrdn will be renamed aberdeen group and trade as aberdeen. In April 2021, Standard Life Aberdeen ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... million. The announcement follows ClearvVew's share price tumble in November last year, which saw it tank by more than 30% overnight. Despite the unusual quarter, the life insurer noted the front end of the business continues to "drive strong momentum". ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... what it was at the time of the election." Chalmers' comments come as the US Federal Reserve kept interest rates steady overnight at 4.25-4.5%. It was the first time since August 2024 the FOMC left policy unchanged. While the decision to keep rates in ...

AustralianSuper welcomes AI tech competition

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... using inferior Nvidia chips, compared to its US rivals. Despite the major sell-off on Monday, Wall Street bounced back overnight, with some investors seeing the sell-off as a buying opportunity. Commenting, Betashares senior investment strategist Cameron ...