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Showing 781 - 790 of 4538 results for "Dollar"

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... making it the third reserve currency with a weighting of nearly 11% of the IMF's special drawing rights after the US dollar and the euro. It would have been celebrations all around but US President Donald Trump and the recent protests and riots in ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... of international cash management Charlie Lebrun, who is based on Chicago. High-value payments are mainly for Australian dollar transactions. They are time critical and irrevocable, according to AusPayNet which sets the rules for HVCS.

Super Consumers Australia launches, slams MySuper products

KRISTI CHENG  |  WEDNESDAY, 25 SEP 2019
New consumer group Super Consumers Australia has marked its launch with a swipe at MySuper products and the superannuation lobby. The consumer group said its research shows the superannuation system "put over 170,000 people into a poor performing super ...

Purdue bankruptcy vindicates ESG screens

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
Purdue Pharma has filed for bankruptcy after facing a slew of lawsuits for the mismarketing of its product OxyContin. The company's marketing and mislabelling of OxyContin has seen it accused of causing the opioid addiction crisis in the US. Purdue ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... corresponding action by the BOJ (relative to its peers) compounds the upward pressure on the Japanese yen. As such, while the US dollar has appreciated by 2.4% this year to date, it's down by 1.9% versus the yen while the euro is buying 5.7% less ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
Sub-one percent official cash rate here we come! The Australian dollar's near half a cent drop to US$67.84 on the day immediately following the US Federal Reserve's announced a 25 bp cut in the fed funds rate underscores financial markets' ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... +0.03%, Nasdaq -0.11%, Russell 2000 -0.63%; the yield on 10-year US Treasuries was unchanged at 1.8%; and the Bloomberg US dollar spot index ticked up by a mere 0.2%. Yes Virginia, there's nothing to write home to mother about. They're all within ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... next year. The Fed doesn't have to chop interest rates by another two or three or to zero and even negative if the US dollar responds accordingly to the rate reduction. After dropping by 1.2% two weeks after the Fed cut interest rates on July 31 ...

Chief economist update: Fed has Trump's trade war number

BENJAMIN ONG  |  MONDAY, 9 SEP 2019
... that they can "speak" without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work "brilliantly" with both, and the U.S. will do great..." "....My only question is, who is our ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG  |  THURSDAY, 5 SEP 2019
There were no back-patting and self-congratulatory remarks this time from Australia's Prime Minister and Treasurer for the Australian National Accounts show that it wasn't a "wonderful set of numbers". Instead, with economic growth slowing to ...