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Showing 881 - 890 of 4001 results for "Cut"

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... assets to give members an up-to-date understanding of how COVID-19 is hitting their retirement savings. AustralianSuper has cut the value of its unlisted assets to the tune of 7.5% on average, leading to a 2.2% reduction to the fund's $126 billion balanced ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... frontline responders are themselves infected and medical supplies (like ventilators) become scarce. The Bank of England has cut interest rates by a total of 65 bps in March - 50bps on March 11 and 15 bps on the 19th and increased its bond purchases by ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... Explaining how it anticipates the pandemic will impact Australia's super funds, the research firm said funds would be forced to cut costs as the asset-based fees or indirect costs charged to their investment portfolio fall. Making things even more ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... and business credit markets, plans for two lending facilities to support corporate markets." These after a 150 basis point cut in interest rates before its scheduled 17-18 FOMC meeting (which was cancelled). In Australia, the RBA's rate cuts on March ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... said it supported the package - which also includes another reduction to social security deeming rates to reflect the 25bps cut of the RBA last week - with FSC chief executive Sally Loane commenting the council was committed to working with all stakeholders ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... do everything to support Australia's businesses. CBA responded within minutes to pass on the RBA's emergency rate cut yesterday, which saw the cash rate hit a new historic low of 0.25%. Financial regulators have also jumped on board to help struggling ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... announced new swap lines with more central banks to help ease strains of dollar funding. BOE announced an emergency 15 bp rate cut to bring its rate to 0.1%. Also boosted QE program by £200B to a total of £645B. BOJ was back in the market today with ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The reserve bank has taken unprecedented action, cutting the interest rate to 0.25% outside of planned meetings, to a new historical low. The "comprehensive package" agreed by the Reserve Bank board also included targeting a yield on 3-year Australian ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... for investors to vote against the resolution, according to an information memorandum sent to investors. Morphic said it will cut the fund's management fees from 1.35% per annum to 1.05% p.a. Ellerston also plans to reduce the cap on the recovery ...