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Showing 31 - 40 of 490 results for %22May 27 record close%22

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
Wall Street benchmark equity indices closed on the up and up on May 7 - the Dow and the S&P 500 index even rallied new record highs -- the same day the US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added ...

Industry fund CIO resigns

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... Leigh Gavin will stay until Easter with the fund, sister publication Industry Moves first confirmed. Gavin joined LUCRF in May 2016 from Frontier Advisors, where he spent 14 years working across senior roles including head of Australian equities and ...

BlackRock appoints APAC lead

JAMIE WILLIAMSON  |  WEDNESDAY, 10 FEB 2021
... into an advisory role. Currently head of Europe, the Middle East and Africa, Rachel Lord will take over from Buckingham in May of this year. Buckingham, who has held the role since November 2018, will move into a senior advisory role. Lord has held her ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... transient, effects on inflation." Therefore, talks of "tapering" are premature. "The whole focus on exit is premature if I may say," Powell said. "We're focused on finishing the job we're doing, which is supporting the economy, giving the economy ...

Optimum Pensions partners with Generation Life

KANIKA SOOD  |  TUESDAY, 19 JAN 2021
... distribute an investment-linked pension or annuity for Optimum Pensions. The agreement has a five-year exclusivity agreement, which may be extended for another five years subject to meeting sales and marketing related hurdles. "Generation Life has a ...

Chief economist update: Japan's second state of emergency

BENJAMIN ONG  |  TUESDAY, 19 JAN 2021
Japan may need to spend more to mitigate the expected slowing in consumption and business activity following the declaration of the second state of emergency. The worst of the pandemic appeared to have passed when Yoshihide Suga took over from Shinzo ...

Chief economist update: A vaccine and a better vaccine

BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
... new cases at a record level, we've seen a number of states begin to reimpose limited activity restrictions, and people may begin to lose confidence that it's safe to go out."...and they have. According to the Wall Street Journal: "States are ...

AMP Capital shutters Aussie equities fund

KANIKA SOOD  |  MONDAY, 16 NOV 2020
... Accumulation Index while picking companies with a sustainability and ESG focus. It has made two fee cuts in recent years and in May, also tightened its screening. Assets sat at about $14 million. "Since inception in 2001, the AMP Capital Sustainable ...

Chief economist update: Letter V going viral in Australia

BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
... confidence and business conditions. Australian business confidence jumped to a reading of +5 in October - the highest level since May 2019 - from -4 in the previous month and the record low reading of -66 in March 2020. Confidence improved in most industries ...

Chief economist update: Winter of Europe's discontent

BENJAMIN ONG  |  TUESDAY, 6 OCT 2020
... increase in new orders as export markets re-opened. However, the service sector posted its biggest contraction (47.6) since May (30.5) as, according to Markit Economics: "Face-to-face consumer businesses in particular have been hit by intensifying virus ...