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Showing 851 - 860 of 4001 results for "Cut"

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... capital to the best medium-term opportunities that the COVID-19 crisis has uncovered". Earlier this month Australian Ethical cut the administration fee on its superannuation product by 12 basis points, as it looked to pass on scale benefits generated ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
... speak. "First quarter earnings hardly matter to oil or gas right now. The focus will likely be to what level companies can cut capital spending without seeing production go into a tailspin." He argued prices would unlikely increase until virus cases ...

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... almost to a halt." "Global oil supply is set to plunge by a record 12 mb/d in May" after OPEC+ forged a historic output deal to cut production by 9.7 mb/d from an agreed baseline level. As April production was high, the effective cut is 10.7 mb/d. Additional ...

Aberdeen Standard global equities funds downgraded

KANIKA SOOD  |  MONDAY, 20 APR 2020
... Morningstar was positive on the potential impacts of the change in leadership, but noted the portfolio's style drift as it cut the rating of four funds to neutral on Friday. "While Byrne's promotion brings additional people management and commercial ...

Law firm cuts pay

ALLY SELBY  |  MONDAY, 20 APR 2020
... Gordon's chief executive and managing director John Somerville and executive director Michael Neilson will also face a 15% pay cut. The company's executive leadership team has agreed to a 10% reduction in base pay. Slater and Gordon chair James MacKenzie ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... many central bank responses has been, the RBAs response has offered more "nuances". "In our view, the RBA's emergency rate cut of 50 bps in total to a record low of 25 bps will clearly result in an across-the-board impact," Kirkham said. "The commitment ...

Top picks for dividends during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... starts from 1999," UBS said in an April 16 note, led by analyst Pieter Stoltz. So far about 38 ASX200 stocks have suspended, cut or deferred dividends while a further 60's DPS forecasts have fallen by at least 20%, according to UBS. "With many stocks ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... economy, retail sales coming at historic low at -8.7% year-on-year may not be the worst to come, expecting the US lockdown that cut through April to further dent performance." New York data also severely disappointed, she said. "This corresponds to the ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
... announced it would look to save about $123 million (CHF63 million) by 2022. Now, as a result of COVID-19, GAM will look to cut about $105 million (CHF65 million) in 2020 alone. The investment manager is accelerating its efforts as its assets under management ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' and directors' annual leave entitlements. The changes will be reviewed at June end. "Many ...