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Showing 721 - 730 of 4736 results for "Reserve"

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
ASIC has dropped all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick. The regulator was pursuing criminal charges against Caddick, who has been missing since November last year. The charges included ...

Chief economist update: BOJ has no plans to ease easing

BENJAMIN ONG  |  TUESDAY, 30 MAR 2021
... target in a stable manner". This was as expected and in-line with unchanged policy decisions by its peers - the Federal Reserve, the European Central Bank and the Bank of England - in the same month. Besides, the BOJ was waxing optimistic over the outlook ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... interim report, the OECD upgraded Australia's 2021 GDP growth forecast by 1.3 percentage points to 4.5%. With the Reserve Bank of Australia (RBA) maintaining its guidance to provide continued policy support, the AztraZeneca COVID-19 vaccine being ...

Super fund ups stake in renewable company

KARREN VERGARA  |  FRIDAY, 26 MAR 2021
A $55 billion super fund has upped its stake into renewable energy company Powering Australian Renewables (PowAR) for an undisclosed figure. Hostplus has increased its investments in PowAR, which operates wind and solar generation. The super fund said ...

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
... for these businesses going forward," the bank said in a statement. The move follows yesterday's announcement that the Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent ...

Northern Trust launches green strategy

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
Northern Trust Asset Management has established a sustainable world green transition index strategy for Australian and New Zealand investors, as it builds out its sustainable investment offering. The NT World Green Transition Index fund is founded on ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
The Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent reports into its risk governance and liquidity risk management. The RBNZ has instructed that the first independent ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... 2020 COVID-19 relief law - singing a rendition of Louis Armstrong's What a Wonderful World. In his testimony, Federal Reserve chair Jerome Powell declared that: "Today the situation is much improved. While the economic fallout has been real and widespread ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
"At its meeting ending on 17 March 2021, the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... contraction would have been worst and the rate of joblessness higher had it not been for the Morrison government and the Reserve Bank of Australia's (RBA) swift and forceful responses. JobKeeper, JobSeeker, Homebuilder, among others, and the RBA's ...