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Showing 41 - 50 of 228 results for "Sanction"

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
In Bonn, Germany, US secretary of the treasury Janet Yellen has called the global economic outlook challenging and uncertain; stagflation effects have depressed output and spending, she added. Yellen said the US understood when Russia invaded Ukraine ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
J.P. Morgan posted a US$8.3 billion net income, a 42% year-on-year drop which missed analyst expectations. The poor result was attributed to a net credit reserve build of $US902 million compared to a net credit reserve release of US$5.2 billion in the ...

Fund inflows drop sharply: Calastone

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Calastone insights have found that Australians' investment appetite has cooled markedly in the first quarter of 2022. The quarterly fund flow index from Calastone found that after record inflows to managed equity funds in 2021, the value of new cash ...

FSC offers guidance on divesting Russia

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
The Financial Services Council (FSC) has released guidance to assist super funds and fund managers in divesting Russian assets. Despite superannuation funds only having a small exposure to Russian investments in the context of the $3.5 trillion superannuation ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
Australia has increased the economic costs to Russia following its invasion of Ukraine, by applying an additional tariff of 35% for all imports from Russia and its ally Belarus. This further sanctioning of Russia will see Australia issue a formal notification ...

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
An unstable global geopolitical situation, most significantly due to Russia's invasion of Ukraine, has prompted a $270 billion commitment to defence spending in the Federal Budget. The increased allocation to defence will bring Australia's defence spending ...

Hume, Bragg address Blockchain Week

ELIZABETH MCARTHUR  |  TUESDAY, 22 MAR 2022
Senators Jane Hume and Andrew Bragg have addressed Blockchain Week, emphasising the government's support of crypto and blockchain technology. In her address, Hume committed to establishing a market licensing regime for crypto exchanges and introducing ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The House of Representatives Standing Committee on Economics has recommended greater disclosure obligations for institutional investors and proxy advisors and for the ACCC to actively monitor common ownership in Australia - all the while sharing little ...

Can Russia use crypto to get around sanctions?

ELIZABETH MCARTHUR  |  FRIDAY, 11 MAR 2022
There are growing concerns Russia might use cryptocurrencies to circumvent sanctions and move money undetected, raising concerns around the ethics of crypto. According to insights from the University of New South Wales, Russia has one of the highest ...