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Showing 761 - 770 of 4973 results for "Limit"

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
Perpetual has rejected a second unsolicited takeover bid by the consortium led by Regal Partners. Regal Partners and BPEA Private Equity Fund VIII subsidiary Morello Pte. provided an improved proposal to acquire 100% of Perpetual for $33 a share last ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... called in similar circumstances. "A rationale solely based on exercising calls to maintain access to capital markets (or limit reputational damage) would undermine the permanence and quality of capital that the Prudential Standards seek to maintain," ...

Nuveen to acquire Arcmont Asset Management

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
US-based investment manager Nuveen is buying European private debt group Arcmont Asset Management for an undisclosed amount. Nuveen, the investment manager of US teachers' pension fund TIAA, is hoping the acquisition will expand its private capital ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... filed an appeal to be heard in the Federal Court. "We have appealed this decision because we are concerned that it will limit the operation of conflicted remuneration laws introduced in 2012," deputy chair Sarah Court said. "Conflicted remuneration has ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... partnership collective investment vehicles; changing the annual audit requirement for certain SMSFs; the introduction of a limit of $10,000 for cash payments made to businesses for goods and services; and the introduction of a deductible gift recipient ...

Plans afoot to narrow gender pay gap

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... and community sector. Pay secrecy clauses in employment contracts will also be prohibited, and the Fair Work Act 2009 will limit the used of fixed-term contracts, most of which are held by women. To ensure the experiences of First Nations women, culturally ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... associated with an increase in what were already high levels of household debt." These decisions by the board were intended to limit the build-up of financial imbalances that can cause instability in the future. Nevertheless, over time, Kent said that ...

KKR, Mubadala in $1.6bn APAC partnership

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
KKR and sovereign investor Mubadala Investment Company are exploring private credit co-investment opportunities in the Asia Pacific region. The two entities have signed a strategic partnership aimed at deploying at least $1.58 billion (US$1bn) of capital ...