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Showing 871 - 880 of 4737 results for "Reserve"

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
ANZ has announced a 51% reduction in profits for 1H20 compared to last year as it defers its interim dividend awaiting greater clarity of the impact COVID-19 will have. The big bank's half-year results show a statutory profit after tax of $1.55 ...

BlackRock turns optimistic on credit

KANIKA SOOD  |  TUESDAY, 28 APR 2020
... relative quality bias and the sizable policy response to the outbreak: large fiscal stimulus coupled with the Federal Reserve's commitment to keep rates low and markets functioning," Boivin said. "We stay underweight on European equities. We see greater ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... federal government on Wednesday took advantage of the low oil prices to establish Australia's first sovereign energy reserve, and superannuation funds can help, according to an expert. Energy minister Angus Taylor said the government will buy $94 ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... to a reading of 75.6 in April - the biggest monthly decline in the survey's 47-year history -- from 91.9 in March. Reserve Bank of Australia (RBA) governor Philip Lowe is equally downtrodden. In his recent outing (April 21), governor Lowe proclaimed ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
Latest research on financial advisers' use of managed accounts shows their increasing popularity among advisers with lower-balance clients. Once reserved for wealthy clients, managed accounts are proving popular for financial advisers with lower-balance ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... impact administration fees and therefore earnings for FY20," HUB24 said. Revenue will also be negatively impacted by the Reserve Bank of Australia's reduction in the official cash rate. As previously reported by Financial Standard, HUB24 chose not ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
... when they pay you to take the oil." The US had the capacity to buy 75 million barrels of oil to add to the country's reserve, he said, or it would rent the space to oil companies desperate for storage. "We are going to ask for permission to buy it ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... Korea (5%) - fourth, fifth and down the line are also in line for contractions in their respective economies. While the Reserve Bank of Australia and the Federal government's stimulus measures would help limit the negative flow-on impact on the Australian ...

Macquarie cash offering soars

ALLY SELBY  |  FRIDAY, 17 APR 2020
... said the bank decided to lift the interest rate on its cash management (CMA) accelerator account to 1.2% following the Reserve Bank of Australia's interest rate reduction. "Given the historical lows of the official cash rate, we think it's never ...