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Showing 941 - 950 of 4003 results for "Cut"

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
Global Merces Funds Management has come to an end as the financial services company is set to be wound-up. ASIC obtained orders to wind-up the Brisbane-based company on "just and equitable grounds" stating the proceedings were commenced to protect the ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... the problem. "ISA analysis shows more than eight million Australians could be worse off in retirement if the super rate is cut, losing more than $14.1 billion in super a year, or around $1630 a year for the average person," ISA said. "For an average ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
It appears that no one and nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... an OER that is 0.02% higher than AustralianSuper's - told Financial Standard it will not change its fees. "QSuper has cut admin fees three times in the past five years (0.22% to 0.16%) and we are not currently considering increasing admin fees," ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
... half outlook for some of Australia's listed companies. However, Argo said low interest rates and a possible further cash rate cut will drive equities higher, as investors throw cheap money at markets in their quest for yield. Argo said tourism operators ...

Wealth manager makes senior appointment

ALLY SELBY  |  MONDAY, 3 FEB 2020
... comes nearly three months after the heavily scrutinized firm announced it had closed its Dixon Projects business in Australia, cut 100 jobs and scaled back its US-based fund in a bid to cut costs. David Evan's Evan & Partners merged with Alan Dixon's ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... April, June and July meetings - likelihood of no change greater than or equal to easing - the probability that the Fed will cut rates at its September meeting is at 71.5%. Looking at current US stats, there's a case for both. US GDP growth accelerated ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...

Uncertainty remains for global outlook: TCorp

ELIZA BAVIN  |  THURSDAY, 30 JAN 2020
... and whether this is appropriate," Redican said. Closer to home, the report said it expects the Reserve Bank of Australia to cut rates a further 50bps this year, which would bring the official cash rate down to 0.25%. Redican said TCorp does not expect ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
... year while the weighted median stood at 1.3%. Nonetheless, Business Insider reports: "Market expectations for a February rate cut have decreased to only 10% after the inflation data, from around 25% yesterday," because "[It] is pretty much in line with ...