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

Search Results

Showing 701 - 710 of 2997 results for "February 11"

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... April, well-below market expectations for a nearly 1 million gain (978,000 to be exact). What's more, revisions to February (+68,000) and March (-146,000) estimates combined to show that employment was 78,000 less than previously reported. Likewise ...

AMP announces AMP Bank lead

JAMIE WILLIAMSON  |  FRIDAY, 7 MAY 2021
The new managing director of AMP Bank has been named. Sean O'Malley has been permanently appointed to the role, having acted in the role since February when Rod Finch departed. Finch only held the role for just over a year. O'Malley has been ...

Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
This month the Bank of England's (BOE) monetary policy committee decided to keep the existing stance of monetary policy unchanged; the Bank Rate remains at a record low 0.1% and QE at £895 billion. But buried in the "Monetary Policy Summary and ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
The Reserve Bank of Australia's (RBA) May the fourth Board meeting would have been a ho-hum event had it not been for the month of July. As expected, the RBA left monetary policy settings unchanged - "including the targets of 10 basis points for ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

AMP Capital shutters dud fund, Naeimi departs

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
AMP Capital has shut down the AMP Capital Dynamic Markets Fund, launched by Shane Oliver in 2011, following poor performance. A spokesperson for AMP Capital confirmed to Financial Standard that the fund will be terminated. Dynamic Markets Fund portfolio ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

IOOF licensees to take remedial action

JAMIE WILLIAMSON  |  MONDAY, 26 APR 2021
IOOF will take remedial action to address deficiencies identified by ASIC within Bridges Financial Services and RI Advice Group. During surveillance in December 2020, ASIC found 15% of client files from Bridges and 17% of files from RI Advice contained ...

Fidelity portfolio manager resigns

KANIKA SOOD  |  FRIDAY, 23 APR 2021
The lead portfolio manager for Fidelity's top-performing $724 million emerging markets fund has resigned. Alex Duffy will leave the role on May 28. Replacing Duffy, Fidelity has appointed Singapore-based Amit Goel as the lead portfolio manager and London-based ...