Byline: Max Mason Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Kevin Russell, Telstra's head of retail, has resigned from the telco with immediate effect. Telstra CEO Andy Penn has thanked Russell for the work he had done since joining the company. Russell, previously the CEO ... (Publication: Australasian Business Intelligence)
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Kevin Russell Leaves Telstra after 18 Months
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US-China Trade War Risks Recession
Byline: Andrew Tillett Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- US President Donald Trump has threatened to cease trading with any nation that trades with North Korea. Such action would mainly impact China, which accounts for close to 90 per cent of the rogue nation's ... (Publication: Australasian Business Intelligence)
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Pay Shake-Up Looms for Nation's Retailers
Byline: Robert Gottliebsen Sep 05, 2017 (The Australian - ABIX via COMTEX) -- The majority of large Australian retailers have union-endorsed enterprise agreements, but grocery giant Coles is widely tipped to abandon its disputed workplace agreement in favour of the industrial award system, a move ... (Publication: Australasian Business Intelligence)
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TerraPay Secures Regulatory Approval from South African Reserve Bank for Cross-Border Transfers
TerraPay announced that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licenced as a category three Authorised Dealer in Foreign Exchange with limited ... (Publication: CPI Financial)
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Politics Are Not the Only Risk on the Horizon
Toby Nangle, Head of Multi-Asset, EMEA and Maya Bhandari, Multi-Asset Portfolio Manager at Columbia Threadneedle Investments, examine the risks looming on the horizon for financial markets and details of any changes in asset allocation and portfolio positioning. As the tenth anniversary of the ... (Publication: CPI Financial)
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Falcon Private Bank Appoints New CEO
Walter Berchtold to hand over the CEO responsibilities of Falcon Private Bank to Martin Keller. Falcon Private Bank announces the change from Walter Berchtold as Chief Executive Officer to Martin Keller, effective today. After having ensured a seamless CEO succession, Christian Wenger announced ... (Publication: CPI Financial)
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US Government Bond Prices Trading Lower
Mihir Kapadia, CEO and Founder, Sun Global Investments US government-bond prices traded lower Wednesday as safe-haven demand faded and strong economic data was released. The yield on the 10-year US Treasury is 2bp higher at 2.147 per cent. The dollar continued it three-day rally which has followed ... (Publication: CPI Financial)
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Financial Optimism Clouds Financial Planning among UAE Residents
Nearly nine in 10 people in the UAE (89 per cent) are supporting a parent or child financially, and most (73 per cent) say those they support would not manage well if their assistance were significantly reduced. More worryingly, more than one-third (37 per cent) of people surveyed in HSBC's latest ... (Publication: CPI Financial)
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Dubai Economy Reaches out to Traders on Commitment Day
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy observed today as a 'Compliance Day,' as part of building awareness of commercial regulations and better compliance among businesses in the emirate. The Compliance Day is celebrated in September every year with CCCP ... (Publication: CPI Financial)
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Middle East New Issues Will Exceed $20 Billion for Remainder of 2017
New issues for the remainder of 2017 are set to remain high, with estimates in excess of $20 billion, as a result of favourable market conditions, according to Fisch Asset Management, a global leader in convertible and corporate bond strategies. An encouraging landscape for new bond issuances in ... (Publication: CPI Financial)
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Emirates NBD Saudi Arabia PMI: New Order Growth Accelerates to Sharpest since April
The health of the non-oil private sector continued to improve during August. Growth was supported by sharp expansions in new orders and output. Moreover, international demand for Saudi Arabian products and services picked up, as highlighted by a renewed increase in new export orders. Growth of ... (Publication: CPI Financial)
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Key Takeaways from the SEC's Post-MCDC, Beaumont Cease and Desist Order
Byline: Gregg Bienstock While many would prefer the SEC's MCDC Initiative be a distant memory, on August 23, the SEC's Chief of the Enforcement Division's Public Finance Abuse Unit reminded issuers and underwriters alike that "issuers and underwriters will continue to be held accountable when they ... (Publication: The Bond Buyer)
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Agreement Revives Cuyahoga County Arena Financing Plan
Byline: Nora Colomer DALLAS -- Cuyahoga County, Ohio's plan to help finance renovations to the basketball arena in downtown Cleveland is making a comeback after a referendum challenging the debt offering was shelved at the eleventh hour. The $140 million bond offering to help finance a $280 million ... (Publication: The Bond Buyer)
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Weekly T-Bills Go at 1.020%, 1.115% High Rates on Sept. 5
Byline: Gary Siegel Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 1.020% high rate, up from 1.020% the prior week, and the six-months incurred a 1.115% high rate, unchanged from 1.115% the week before. Coupon ... (Publication: The Bond Buyer)
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Conference Board ETI Gains to 134.62 in Aug
Byline: Gary Siegel The Conference Board's Employment Trends Index (ETI) rose to 134.62 in August from a downwardly revised 133.60 in July, first reported as 133.77, and is up 4.6% from a year ago, the group announced Tuesday. "The rapid growth in the Employment Trends Index continued in August, ... (Publication: The Bond Buyer)
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State Comptroller Warns Connecticut to Pass a Budget
Byline: Paul Burton Connecticut Comptroller Kevin Lembo is the latest to warn the state to pass a budget or face more consequences from the capital markets. "The inability to pass a budget will slow Connecticut's economic growth and will ultimately lead to the state and its municipalities receiving ... (Publication: The Bond Buyer)
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Moody's Sees Recovery for Utilities after Harvey
Byline: Richard Williamson DALLAS -- Investor-owned power utilities in Texas should be able to recover their costs of restoration in the wake of Hurricane Harvey, according to Moody's Investors Service. "Additionally, we expect the credit quality of the regulated electric utilities serving this ... (Publication: The Bond Buyer)
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Chicago Moving on New Sales-Tax Backed Bond Program
Byline: Yvette Shields CHICAGO -- Chicago will begin tapping a new sales tax-backed securitization-like borrowing program as soon as late October with plans to refund about $2.8 billion of sales tax and general obligation bonds in the coming years. Mayor Rahm Emanuel will introduce the ordinance ... (Publication: The Bond Buyer)
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Merger Adds Midwest to Ballard Spahr's Footprint
Byline: Yvette Shields CHICAGO -- Ballard Spahr LLP will add a Midwest presence to its national footprint by joining forces with Lindquist & Vennum LLP. The firms announced Tuesday plans to merge effective January 1. The combined firm will employ 650 attorneys, including 110 from Lindquist, with ... (Publication: The Bond Buyer)
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New Jersey Hospital Merger Plan Would Create $2B Health System
Byline: Andrew Coen New Jersey's Cooper University Health announced plans last week to acquire three Catholic hospitals in a deal that would create the state's fourth largest healthcare chain. Cooper Board Chairman George Norcross said Thursday the healthcare provider has signed a letter of ... (Publication: The Bond Buyer)
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