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Showing 41 - 50 of 12546 results for economic

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
The Senate Economics Legislation Committee has recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of ...

Aware Super chair named governor-general

ELIZA BAVIN  |  WEDNESDAY, 3 APR 2024
... Chief Executive Women as well as a National Mental Health Commissioner. She also led the government's Women's Economic Equality Taskforce. Aware Super chief executive Deanne Stewart confirmed Mostyn would step down from her role as chair following ...

BlackRock faces 'stiff competition' from APAC asset managers

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
... It showed APAC fund selectors place increasing importance on asset manager expertise in 2023, as a way of offsetting economic and geopolitical uncertainty, downward pressure on fees, and an increasingly onerous regulatory burden. "A cautious outlook ...

Australian private capital industry surges 33%

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
... long-term averages, the private capital industry has proven to be resilient, notwithstanding more subdued global market and economic conditions," chief executive of the Australian Investment Council Navleen Prasad said. "While 2021 and 2022 offered more ...

Investment managers embracing AI: Mercer

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... opportunity for value creation. Managers currently using AI expect the integration of its capabilities to deliver positive economic benefits, with an average expectation of a US$14 trillion boost to the global economy by 2030. Most managers predict AI ...

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... provider, we are committed to expanding our community outreach and maintaining strong partnerships that help us pursue economic reconciliation." Usher added that while the foundation is proud of what it was able to achieve in 2023, it is looking to exceed ...

Nobel Prize-winning economist Daniel Kahneman dies

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
... Kahneman went on to get his doctorate in psychology from the University of California and was awarded the Nobel Prize in Economic Sciences in 2002, with his famed Prospect Theory cited.

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
In his annual letter to investors, BlackRock chair and chief executive Larry Fink said providing people a secure, well-earned retirement is much more challenging now that it was 30 years ago, and it will be "much harder" in the future. As such, Fink ...

PE deals tumble again, down 63%: Bain & Company

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
... Overall, the report found that Asia Pacific investors largely put dealmaking on hold last year due to worries of slowing economic growth, persistently high interest rates that raise the cost of PE debt, and volatile share markets. "Ongoing geopolitical ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... Australia. "The key channels of transmission of financial stress in China to Australia would likely be via a slowing in global economic activity, lower global commodity prices and reduced Chinese demand for Australian goods and services," the Assessment ...