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

Search Results

Showing 41 - 50 of 497 results for %22Billion Dollars of%22

Chief economist update: The Fed and Australia

BENJAMIN ONG  |  TUESDAY, 4 MAY 2021
... opportunity, I think it would be appropriate for us to start talking about adjusting those purchases [the Fed's US$120 billion monthly purchases of US Treasuries and agency mortgage-backed securities] while at the same time repeating his expectation ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... Committee decided to maintain the status quo -- federal funds rate at 0-0.25% increase its bond purchases by at least US$80 billion a month and agency mortgage-backed securities by around US$40 billion monthly. "...I know that it's not easy, to be ...

Citi to exit consumer banking in Australia

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
... shareholders." Citi's global consumer banking business saw its quarterly results take a hit. The company reported revenues of $19.3 billion in the first quarter of 2021, a decrease of 7% primarily attributed to lower revenues in global consumer banki ...

Tax concessions failing women: Research

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
... concessions," Littleton said. "Just from these four tax concessions, every year wealthy men receive an extra $24 billion dollars more than women - further entrenching inequality." The report noted that winding back the tax concessions will raise revenue ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... ISA had said the reforms package will benefit the big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. The FSC has now hit back at those claims, labelling them incorrect and not credible. ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Industry Super Australia (ISA) said ditching the 12% superannuation guarantee could add over $33 billion to Age Pension spending. ISA said modelling from Rice Warner suggested the Age Pension would have to make up for the superannuation guarantee not ...

You can't hate Trump but love the S&P 500: Research

KANIKA SOOD  |  FRIDAY, 29 JAN 2021
... and State Street's SPY which track the index. Both are listed on the ASX and available to local investors with $3.6 billion and $56 million of local money at December end. I VV is popular among SMSF investors, figuring among the second-most used ...

BlackRock results reveal Aladdin trajectory

ELIZABETH MCARTHUR  |  FRIDAY, 15 JAN 2021
... in terms of annual contract value (ACV). In 2020, ACV growth was up 12% on 2019. The investment giant reported US$391 billion of full year total net inflows, reflecting 5% organic asset growth and 7% organic base fee growth, led by record flows in cash ...

Real AM considers listing new REIT

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
... assembling a portfolio of smaller neighbourhood-based retail and medical assets, which is now worth around half a billion dollars," he said. "Record low rates and essential services-based tenure, among other factors, is supercharging investment demand ...

How far are we from a trillion-dollar super fund?

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
AustralianSuper's total assets ticked up to $200 billion, after a record-new 400,000 signups in FY20 and strong performance. As at November-end, it had over 2.3 million members from around 330,000 businesses, implying about 10% of Australia's ...