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Showing 581 - 590 of 7104 results for "December"

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... forced the top economist to finally relent. "As a result of [the CPI] data we see the RBA on hold at both the November and December board meetings," Aird said. "And we look for the first 25bp rate decrease in February 2025. Our expectation is that the ...

UBS terminates Future Leaders small cap fund

ANDREW MCKEAN  |  WEDNESDAY, 30 OCT 2024
... October 18. The strategy sought to identify winners early and capture emerging and durable growth. It was launched in December 2022. In the year to September end, it returned 9.59%, however it only had about $3 million in funds under management. UBS ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... ($2.3 million) going to the CFMMEU - prior to the Mining and Energy Union withdrawing from what's now the CFMEU in December 2023. The data comes as APRA deputy chair Margaret Cole said the regulator would be looking more closely at super funds' ...

Westpac appoints acting head of wealth

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... officer, business and wealth, and is set to replace Anthony Miller who is set to take over as Westpac chief executive on December 16, when King departs the major bank. Herbert joined Westpac in 2020. Prior to that he was chief operating officer, Asia ...

NZ Superannuation Fund names joint CIOs

KARREN VERGARA  |  TUESDAY, 22 OCT 2024
... professionals to their new posts. Brad Dunstan and Will Goodwin will become joint chief investment officers effective December 2. They replace Stephen Gilmore, who left at the end of June to lead the investment unit at CalPERS. Dunstan is the head of ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
... data, the bank is sticking to its expectations for a rate cut in 2024. "The conviction we have in our call for a 25bp December cut to the cash rate has dipped. But while the risk has firmly shifted to a later start date for the first reduction in the ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
... 2024, 51% fewer than the previous year. A decade earlier, there were an estimated 391 mandate appointments in the year to December 2014. "The total number of mandates on a rolling basis has touched their lowest [point] ever," Rainmaker said. The super ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... looking like an anomaly," Sycamore said. "The RBA's forecast for the unemployment rate is for it to rise to 4.3% by the December quarter. If the current trend in the jobs data continues, the unemployment rate appears more likely to find its way back ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... view that softer economic data, coupled with a further deceleration in inflation will see the RBA cut interest rates in December 2024." The CommBank HSI Index tracks month-on-month data at a macro level and is based on de-identified payments data from ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... engaged in "misleading conduct relating to a financial product" during the time he was employed at Macquarie between December 2015 and May 2018. ASIC found Acworth undertook dishonest trades on behalf of his clients while working for Macquarie Equities ...