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Aussie PE, VC assets hit milestone

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
Australian private equity and venture capital firms' assets reached a record high of $18.4 billion (US$14bn), according to new research. The Alternative Assets in Asia-Pacific report compiled by Preqin saw a 20% jump in the total capital raised ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
The Fed has spoken and Wall Street didn't like what it heard and saw (in the dot plots). US equities painted the board red, with all benchmark indices closing on the down low, while yields on 10-year US Treasuries went on the up and up. This is ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
"We have to take the economy through the pandemic and into a recovery phase, which has now started. We need to really anchor the recovery. We always talk about inflation anchoring and we are not oblivious to that. But the recovery needs to be firm ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
Inflation? What inflation? We need inflation. While many, if not most, of its central bank peers - led by the Fed -- are pushing back against inflation concerns, the Bank of Japan (BOJ) cannot seem to drive growth in the country's consumer prices ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... million gain (978,000 to be exact). A repeat of the 'bad news is good news' view that prevailed a month ago. But if you read the BLS's report as diligently as a crime scene investigator, you'll find that underneath that the employment ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... digital platforms as well as scammers posing as romance interests to 'bait' people into scam investments," the report read. Businesses lost $18 million; a whopping 260% increase compared to 2019. Overall, 444,164 incidents were reported to the ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... to date. However, this position may be subject to change and you will be notified if that occurs," AUSTRAC's letter to NAB read. AUSTRAC's enforcement team will now review the material provided by the bank. NAB chief executive Ross McEwan said the bank ...

ASIC increases short selling surveillance

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... of clients, ex-employees or contracted parties may not be representative of issues across the entire entity," the report read. Another requirement is that short seller reports must be released outside of Australian trading hours and not immediately before ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
In the words of Frank Sinatra, Australia's now "A-number one, top of the list, head of the heap, king of the hill..." Ol' blue eyes was, of course, singing about the Big Apple (New York) but comparing apples with apples, Australia's on top. ...

Licensee awards tech mandate

KARREN VERGARA  |  TUESDAY, 1 JUN 2021
ROAR Software, formerly known as YTML, has won a technology solution mandate from a recently launched dealer group. Dealer group Finchley & Kent claims that its advisers save up to 60% of their time on administrative work as a result of this new partnership. ...