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Showing 71 - 80 of 421 results for "Buys"

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... total goods exports in August. Rounding up Australia's top five export markets: Japan, our second biggest export market, buys much less (11.1%); South Korea 5.7%; the US 5.4%; and, India 3.7%. China even purchases more "Made in Australia" goods than ...

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
... for growth: the US life insurance market is currently US$20 trillion." The fund invests in life insurance policies which it buys from the owner, paying for the premium until the insured person dies. The Life Settlements Fund then collects a pay-out form ...

AMP Capital buys digital infrastructure firm

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
AMP Capital will acquire a majority stake in a Swedish technology company, adding to its growing infrastructure equity portfolio. AMP Capital will be a majority shareholder in VX Fiber, which provides fibre-to-the-premises (FTTP) networks by partnering ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Wealth manager IOOF has launched a $1 billion capital raising to help fund the acquisition of MLC Wealth in a deal worth $1.4 billion. The agreement follows the announcement by NAB in 2018 to exit the business, saying the decision is in line with its ...

CountPlus firm buys back equity

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
A CountPlus member firm has bought back 38% of its equity from the ASX-listed advice group for $1.10 million and separately, has acquired share of fees. Twomeys, which services clients in regional New South Wales towns, paid $1.1 million cash to CountPlus ...

Perth Mint to review audit processes

KANIKA SOOD  |  MONDAY, 15 JUN 2020
... investigation raised concerns about conflicts in how it sources gold. The Western-Australian government owned Perth Mint allegedly buys up to $200 million of conflict gold from a PNG firm Golden Valley which is owned by a man convicted of killing, and ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... BlackRock is also running the Fed's three debt-buying programs, but said it will not charge management fees on the ETFs it buys on behalf of the central bank. In the FOMC Minutes, the Fed said corporate bonds had been performing well since it announced ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
The much-anticipated sale of Madison Financial Group was finalised Tuesday evening, with the buyer paying $4.5 million to $5 million, Financial Standard understands. Clime Investment Management will be the new owner of Madison Financial Group, which ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... Japanese currency has depreciated by 5.2% versus the US dollar to ¥107.65 from this year's high of ¥102.01 (the US dollar buys more yen). Still, Abe isn't taking any chances, declaring that: "The path to reclaiming a complete normal while suppressing ...