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Showing 761 - 770 of 4538 results for "Dollar"

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
The US Department of Justice has reached a settlement in its case against assets acquired by Low Taek Jho, also known as Jho Low, and his family. Jho Low allegedly misappropriated funds from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering. Xplore's ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
A $54 billion industry fund is nudging its older members towards income streams with a bonus of up to 2%, as it develops its retirement income solutions. Cbus will introduce a bonus for members upon retirement, with chief executive David Atkin saying ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... distribution. LM First Mortgage Income Fund's unitholders are set to receive an interim distribution of 6.5 cents for each dollar they invested in the fund. The distribution comes as the fund's receiver, David Whyte of accounting firm BDO, was granted ...

Chief economist update: It's the money, stupid

BENJAMIN ONG  |  TUESDAY, 29 OCT 2019
... dropped from a 12-year high - that signalled the 2007-2009 recession - of 37.9% to 34.8%. The recent weakening in the US dollar also helped - the Bloomberg US dollar spot index has depreciated by 2.1% from a 2019 high of 99.337 at the end of September ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... one reason for this is that the RBA's interest rate offensive isn't producing the same effect on the Australian dollar. More pointedly, the US Federal Reserve's rate cutting of its own is negating the RBA's efforts to push the Australian ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
An RBA rate cut won't happen on Melbourne Cup Day, 5 November. But it will happen - perhaps down to negative and up to the point where the Australian central bank is forced into quantitative easing and print Australian dollars. This is because latest ...

VicSuper hits sustainability target early

HARRISON WORLEY  |  THURSDAY, 24 OCT 2019
... action on climate change. The fund can now show members how their retirement savings support the SDG goals, including a dollar contribution on each SDG across the fund's equity portfolio and several assets, such as low carbon equities and solar. VicSuper ...

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
... savings, so does their comfort with amassing debt," he said. "The evidence suggests on a global basis, for every extra dollar a person has in pension assets, their net household debt rises by just under 50 cents."

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
Unless a positive shock emerges over the next few months, expect the RBA to continue lowering interest rates and the Morrison government to increase fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper). ...