Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 2965 results for "Overnight"

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 ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... failures, using iMessage, WhatsApp, and Signal to discuss deals and other businesses of their employers. Meanwhile, the SEC overnight fined Robinhood US$45 million for several violations. Among the findings, the SEC said the trading platform failed to ...

FAAA celebrates adviser excellence

MATTHEW WAI  |  FRIDAY, 29 NOV 2024
The Financial Advice Association Australia (FAAA) has announced the winners of its annual awards in Brisbane overnight, including Adviser of the Year and CFP Professional of the Year. Presented as part of the annual FAAA Congress, the awards presented ...

Super fund adds to Payden & Rygel mandate

KARREN VERGARA  |  MONDAY, 25 NOV 2024
... approach and moves dynamically across sectors and individual securities with the aim of achieving its return objective of overnight deposit rates plus 3-5%," he said. Payden & Rygel portfolio manager Eric Souders said the mandate was awarded at a time ...

Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
The Federal Reserve cut interest rates overnight, in line with market expectations, but chair Jerome Powell faced a raft of questions over President-elect Donald Trump returning to the White House. The Fed continued its policy easing cycle with a 25 ...

US election: Global investors fear inflation boom

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
Donald Trump secured a decisive victory in the presidential election, sending US markets soaring overnight as investors anticipate lower taxes. However, concerns remain over trade tariffs and the impacts on inflation. Principal Asset Management chief ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
The Federal Reserve elected to cut interest rates by 50 basis points overnight, its first reduction in four years. The US central bank decided to lower the target range for the federal funds rate by half a percentage point to 4.75-5%, surprising many ...