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Showing 831 - 840 of 3226 results for "April 3"

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
The US economy is not out of the woods yet and therefore, worrywarts need not be concerned over rising inflation - that would prompt the Fed taper policy accommodation. "Participants observed that the economy was far from achieving the committee's ...

Revolution hires to investment team

KANIKA SOOD  |  WEDNESDAY, 17 FEB 2021
The private debt boutique has added a former Challenger investor as a portfolio manager, and an associate portfolio manager from JANA. Steve Sutinen has joined Revolution Asset Management as a portfolio manager. He spent 21 years at Challenger, including ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
Westpac's Advance Asset Management has notified its superannuation members of its intention to transfer the products into BT's new super product. Advance notified members of three funds recently: Advance Super Account, Advance Allocated Pension ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
APRA has revealed the final figures representing the impact of the government's early release of super scheme which saw 3.5 million Australians dip into their retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation ...

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
Crude oil prices jumped to one-year highs - WTI oil to US$58.46 per barrel; Brent oil to US$55.73 - this early in the New Year. Well, they have to bounce some time especially given the battering it received in 2020 as the covid-19 pandemic grounded ...

NAB swallows up neobank

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
Just weeks after the downfall of Xinja, Neobank 86 400 has announced plans to join the NAB Group in a $220m acquisition. Founded by Cuscal, a Sydney-based IT service management company, and led by chief executive Robert Bell, 86 400 launched the mobile-led ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
A new year, a new administration but its same old, same old for the US Federal Reserve. As expected and in a unanimous decision, the Fed confirmed: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects ...