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Showing 561 - 570 of 4334 results for "FIG"

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
The Chinese yuan has seen a sharp appreciation, leading major Chinese news outlets to report that the government would be relaxing rules to make it simpler to settle the currency internationally. 'Twas less than one and a half years ago that the ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
The All Ordinaries index finished 2020 with a gain of 0.7%. Nothing to write home to mother about, especially compared with the 16.3% and 16.0% surge in the S&P 500 and the Nikkei-225, respectively, over the same period. However, the local bourse's ...

PNG super fund to evict settlers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JAN 2021
Papua New Guinea's largest superannuation fund claimed victory over a small community which had settled on land owned by the fund more than two decades ago. Bushwara, a community outside of Port Moresby, was issued eviction notices by Nambawan Super ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
The SMSF Association has welcomed a new law that will allow the partial commutation of legacy pensions. The change was announced in the federal government's mid-year economic and fiscal outlook (MYEFO), which was released last December. Retirees with ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data. The research from Finbold found that US banks had to pay the most in fines of anywhere in the world - with 12 fines against US banks ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The COVID-19 pandemic has led to household wealth hitting a record high as Australians stashed their cash during a year plagued with volatile markets and an economic shutdown. Total household wealth increased 1.7% to a record high of $11.35 trillion ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
School banking programs are marketed as a force for good in the community, targeting vulnerable customers in young children who don't end up improving their financial management behaviour, ASIC's two-year review found. After engaging nearly ...

Australia in China's shadow

BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
"Convince your enemy that he will gain very little by attacking you; this will diminish his enthusiasm" - Sun Tzu, The Art of War It would be surprising and un-Chinese for China not to heed the prescriptions of one of its famous son, Sun Tzu - a military ...