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Showing 791 - 800 of 2731 results for "BEA"

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
Two listed investment companies will merge to create an $885 million single entity. WAM Leaders (WLE) is set to acquire 100% of Century Australia Investments (CYA), a LIC that primarily invests in the S&P/ASX 300 and has $97 million is assets. CYA aims ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
The bull market in crude oil is no more. Just a month ago and a bit, rumour on the street was that crude oil prices would soar to around US$100 a barrel and beyond. No one could be faulted for believing this. Not after Saudi Arabia and Russia's ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Federal Government has moved to strengthen supervision of the financial services industry, boosting APRA's funding and reappointing chair Wayne Byres for five years. The prudential regulator will welcome an extra $58.7 million in funding over ...

Advice group continues education standards preparation

DARREN SNYDER  |  WEDNESDAY, 31 OCT 2018
A financial advice dealer group has awarded its latest education scholarships aimed to help its advisers navigate upcoming education standards for the industry. Elders Financial Planning awarded a 16 education scholarships at their national conference ...

Chief investment officer retires

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
The chief investment officer at a prominent Australian asset manager is retiring after working at the firm for 12 years. Wilson Asset Management chief investment officer Chris Stott will soon retire to spend more time with his young family. Chairman ...

Retirement planning gets a recession check

KANIKA SOOD  |  MONDAY, 29 OCT 2018
As talks about a global recession grow louder, financial advisers and investors are repositioning their clients' nest eggs against a market crash or an economic slowdown. In the past fortnight, a JPMorgan quantitative model predicted a 60% chance ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
Spend, spend, spend appears to be this year's overriding mantra of the US consumer. The slow start in the first quarter of 2018 had been replaced by back-to-back quarters of exceptionally strong contributions to overall growth from American household ...

Chief economist update: Fear and loathing on Wall Street

BENJAMIN ONG  |  THURSDAY, 25 OCT 2018
Persistent sell orders have put Wall Street's major benchmark indices either in a correction (defined as a 10% drop from the nearest peak) or on the cusp of one: Nasdaq (-11.5%) and Russell 2000 (-15.6%); S&P 500 (-9.4%) and DJIA (-8.4%). The sell-off ...

Chief economist update: The winter of Australia's discontent

BENJAMIN ONG  |  WEDNESDAY, 24 OCT 2018
It would be the winter of Australia's agriculture sector if Rabobank's 'Winter Crop Production Outlook' report is any guide. The specialist agribusiness bank predicts that the country's national harvest would drop by 23% in the 2018/19 ...