Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 775 results for "Petro"

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
Australian companies paid about $820 million less in dividends in the third quarter than the corresponding period from 2017 as dividend growth at local banks flat lined. ASX-listed companies paid out US$24.5 billion ($33.5bn) to shareholders in quarter ...

Rewards program to boost super savings

KARREN VERGARA  |  FRIDAY, 9 NOV 2018
A super fund has launched a rewards program that helps boost members' superannuation savings. GuildSuper launched SUPERSUPER this week, a shop-and-reward program that teams up with participating retailers and automatically contributes to members' ...

Macquarie reshuffles asset management lineup

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
Macquarie Group has made three senior appointments and reshuffled its asset management business as it posts 1H19 net profits of $1.3 billion. Former RBA board member Jillian Broadbent AO is joining the boards of Macquarie Group and Macquarie Bank as ...

Chief economist update: Blame and trim

BENJAMIN ONG  |  MONDAY, 15 OCT 2018
Trump blamed the Fed for last week's heightened volatility on Wall Street and I agreed that he was correct when he ranted that, "The Fed is going loco and there's no reason for them to do it." This is because - as I wrote last Friday - America's ...

Chief economist update: A new currency is born

BENJAMIN ONG  |  TUESDAY, 21 AUG 2018
... "sovereign bolivar", starting on August 20. The sovereign bolivar's exchange rate would, in turn, be anchored to the "Petro" - a cryptocurrency backed by oil. According to aljazeera.com, "each petro will be worth about $60, based on the price of ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
Some would call it karma, for many it's just the plain and simple truism that a trade war is a lose-lose proposition. In his quest to "make America great again" and under the guise of "national security", US President Donald Trump kicked off with ...

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
If one were to time the genesis of the recent surge in oil prices, it would have to be Saudi Crown Prince Mohammed bin Salman's interview with Time magazine around mid-April this year when he hinted at wanting the price of crude to reach around ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
An ASX-listed healthcare firm, currently subject to a potential class action by shareholders which include major Australian asset managers, will be removed from the ASX 200 pending acquisition by a US company. S&P Dow Jones Indices said Sirtex Medical ...

Whitehelm Capital acquires AGL assets

KARREN VERGARA  |  FRIDAY, 27 APR 2018
Infrastructure manager Whitehelm Capital has acquired a portfolio of regional and compressed natural gas refuelling assets from electricity and gas giant AGL. Whitehelm Capital purchased the assets on behalf of Sustainable Energy Infrastructure, which ...