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Showing 611 - 620 of 6444 results for "Fed"

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... have indicated that further hikes may be on the horizon. Principal Asset Management chief global strategist Seema Shah said: "Fed chair Jerome Powell emphasised that, while the committee thinks it will be appropriate to raise rates further, considering ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
High-profile Australian financial services leaders have been recognised in the King's Birthday honours list, with several receiving an Order of Australia. This year, former Macquarie managing director and Financial Regulator Assessment Authority ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...

Growth, quality stocks to outperform: Podcast

CASSANDRA BALDINI  |  FRIDAY, 9 JUN 2023
BlackRock iShares APAC head of investment strategy Thomas Taw says the US Fed are "sort of" engineering a recessionary-type scenario, so the investment giant is tilting defensively toward growth and quality companies. As interest rates increased across ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments. As reported by Financial Standard, Treasury ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
The Securities and Exchange Commission (SEC) filed a suit against Coinbase for, among other things, allowing users to trade unregistered securities. It follows Binance being sued just yesterday. The SEC has accused Coinbase of breaking market rules ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... challenge is around the quality and transparency of data," Cairns said. "The outputs of AI are only as good as the data that's fed in. AI also needs to be trained and maintained. "At this stage, even developers of AI can't always explain exactly ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
A US regulator has slapped Vanguard with a fine for issuing false and inaccurate account statements to 8.5 million US customers. The Financial Industry Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
Local businesses are poised to reap from the Australia's free trade agreement (FTA) with the United Kingdom which came into effect on May 31. Some 99% of Australian products will enter the UK duty free thanks to the deal that was signed on 17 December ...