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Showing 71 - 80 of 2750 results for "August 28"

Cairns resurfaces at Associate Global Partners

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
Former Magellan Financial Group chief executive Brett Cairns has popped up on multi-boutique Associate Global Partners' (AGP) board. Cairns, who led Magellan from 2018 and 2021 when he departed for personal reasons, is officially a non-executive ...

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The monthly Consumer Price Index (CPI) indicator rose 3.5% in the 12 months to July, down from 3.8% in June, according to the latest data from the Australian Bureau of Statistics (ABS). The most significant contributors to the annual rise were housing ...

AustralianSuper takes monster hit on Pluralsight

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
AustralianSuper has written off its $1.1 billion investment in online education firm Pluralsight, following the company's restructuring. The superannuation giant invested in Pluralsight in 2021, as a co-underwriter with Vista Equity Partners, which ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
The Reserve Bank of Australia (RBA) has indicated that there will not be any short-term cutting of interest rates, but the market is pricing in a cut before the end of the year. RBA governor Michele Bullock pushed back against the market pricing, stating ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
A former financial adviser who won a retrial after being convicted of fraud in 2019 has once again been found guilty of misleading clients to invest their retirement savings in a single abalone farm that went bust. Former Brisbane financial adviser ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
State Street Global Advisors (SSGA) has taken a 5% stake in micro-investment platform Raiz as the latter uses funds to expand its market share and jump on the artificial intelligence bandwagon. SSGA will acquire its 4.8% interest worth $1.97 million ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...

Principal AM hires from BlackRock

ELIZA BAVIN  |  MONDAY, 19 AUG 2024
Principal Asset Management appointed Stuart Dunn as director of distribution for Australia, effective August 12. Principal said the decision was aimed at building on the firm's footprint in the institutional market while accelerating its growth ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
The ASX earned record revenue of $1.03 billion in the 2024 financial year despite a volatile period for equity markets and lower capital raising. Total revenue grew 2.4% from the prior corresponding period, largely driven by the exchange's markets ...