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Showing 51 - 60 of 301 results for %22Andrew Day%22

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
The US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... limited tax relief for merger expenses to closing funds, Qualified Person status eligibility under franking credits holding (45 day) period rule, amongst others." Per the report, a burgeoning of financial crimes prevalence and sophisticated cyber threats ...

Recession a distinct possibility: Natixis

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
Most investment strategists believe that a recession is a distinct possibility over the next six months, with a Natixis survey showing that nearly one-quarter think it's inevitable. "After six months of navigating rising rates, inflation and geopolitical ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
The US Bureau of Labor Statistics has reported that inflation has surged 9.1% over the last year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't ...

Global fintech Smart expands pension offering to Australia

CASSANDRA BALDINI  |  TUESDAY, 12 JUL 2022
... Home skills, apparently making it as easy to manage retirement funds as it is to shop or bank online. Co-founders of Smart Andrew Evans and Will Wynne commented on the expansion. "We're really excited to bring our technology to bear in Australia, creating ...

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
The Link Group board won't recommend Dye and Durham's $4.57 offer but will continue to seek an agreed position. The board cited that its dismissal of the acquisition offer followed stakeholder feedback, an independent expert's determination of the company's ...

Active Super kickstarts reward program

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... with our members, especially women, around superannuation by rewarding them and making super contributions a part of their day-to-day lifestyle." "Super has become very competitive and we believe it is vital to engage with members to make it much more ...

Crypto companies halt withdrawals

ANDREW MCKEAN  |  TUESDAY, 14 JUN 2022
... held assets in excess of that amount. Bitcoin and other crypto's were smashed on the news. Bitcoin dropped 15% in over a day, down 67% from its all-time highs last November.

BGH raises Virtus offer

ANDREW MCKEAN  |  TUESDAY, 14 JUN 2022
BGH Capital has increased its offer to acquire all shares in Virtus Health. The private equity firm will offer shareholders $8.155 cash per share, up from its $8.15 offer made several weeks ago. The increased offer price will apply to all shareholders ...

BT answers advisers' top tax time questions

ANDREW MCKEAN  |  WEDNESDAY, 1 JUN 2022
BT has released its hottest end of financial year tips for advisers; in the mix this year are changes to downsizer contributions, the super guarantee and minimum pension drawdowns. BT Technical Services fields over 2000 queries from financial advisers ...