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Chief economist update: Prepare for lift off
BENJAMIN ONG  |  WEDNESDAY, 27 JAN 2021
... than the historical average of the group." The risks to the IMF's optimistic outlook? "On the upside, further favorable news on vaccine manufacture (including on those under development in emerging market economies), distribution, and effectiveness ...
Chief economist update: Virus now, inflation later
BENJAMIN ONG  |  MONDAY, 25 JAN 2021
The inauguration of Joe Biden as the US's 46th president and his almost immediate buckling down to work garnered much of the media's attention last week. Hours after he was sworn in, Biden signed 17 executive orders, memorandums and proclamations ...
ATO releases finding from super survey
ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The Australian Taxation Office (ATO) has released the key takeaways from its bi-annual survey of APRA-regulated super funds. Twice a year the ATO survey Australia's large super fund industry on ways it can improve its services and engagement with the ...
Jobs return to pre-pandemic levels
ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
Payroll jobs had recovered to pre-COVID levels by early December 2020, according to figures released by the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said early to mid-December is a seasonal peak for jobs each ...
Morningstar introduces new platform
KARREN VERGARA  |  FRIDAY, 15 JAN 2021
... closed-ended funds, foreign-exchange markets, options, preferred stocks, indexes, commodities and fixed income. Users have access to news feeds from Dow Jones Newswires, including select content from The Wall Street Journal, Barron's and MarketWatch. ...
Chief economist update: Yuan the victim of China's success
BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
The Chinese yuan has seen a sharp appreciation, leading major Chinese news outlets to report that the government would be relaxing rules to make it simpler to settle the currency internationally. 'Twas less than one and a half years ago that the ...
Capgemini names new APAC lead
JAMIE WILLIAMSON  |  THURSDAY, 14 JAN 2021
... "Olaf has over 25 years of experience in consulting and digital transformation, including executive roles at Origin Energy, News Limited, and Deloitte in Australia." His appointment comes alongside two others: Michael Schulte as chief executive of the ...
Schroders adds to private debt team
ELIZA BAVIN  |  TUESDAY, 12 JAN 2021
... set make him a good fit for the Schroders team which strives to deliver high-quality outcomes for client portfolios." The news follows the appointment of Kidd in September last year as head of private debt, Australia. Kidd was charged with building and ...
ASIC takes action against La Trobe Financial
ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...
Chief economist update: Government spending made money, saved money
BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ...
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