• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Iranian intelligence: Two “terrorist extremist group” action teams were destroyed in southeastern Iran, four terrorists were arrested, and two of them were killed.August 13th - Even after sources indicated that Prime Minister Sanae Takaichis government supported an interest rate hike, the yen remained near a key level against the dollar. The yen held steady on Thursday, trading around 159.36 against the dollar. Historically, when the exchange rate approaches 160, it usually signifies potential government intervention to support the yen. According to sources, the next interest rate adjustment is likely in September or October. They added that the central banks concerns about the weak yen pushing up prices, coupled with the governments desire to enhance the effects of recent US-Japan currency interventions, have led to a consensus on the necessity of an imminent rate hike. Investors said the news had little impact on the yen, as the market had already priced in a rate hike from the Bank of Japan. The yen has continued to weaken recently due to Japans large interest rate differential with the US and its heavy debt burden.A Reuters poll found that 55 out of 69 economists believe the European Central Banks deposit rate will reach 2.50% by the end of 2026. (In a July survey, 49 out of 74 economists held this view.)Indian trade officials: India and the United States are committed to advancing and finalizing the framework agreement reached in February.According to Japans Jiji Press: Japanese Foreign Minister Toshimitsu Motegi summoned Russian Ambassador to Japan Nozdrev.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

13.png


Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.