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The Jordanian military said it shot down two missiles and two drones launched by Iran into the country’s airspace in the past 24 hours.On April 6th, US President Trump stated in an interview on April 5th that the US is currently engaged in "in-depth negotiations" with Iran and hopes to reach an agreement before his April 7th deadline. Two sources indicated that the negotiations are being conducted through mediators from Pakistan, Egypt, and Turkey, and there has also been communication between Trumps advisors and the Iranian Foreign Minister. Trump stated that his special envoy, Witkov, and his son-in-law, Kushner, are conducting intensive negotiations with the Iranian side. Trump said that an agreement is very likely, but if an agreement cannot be reached, he will destroy everything there. Previously, Trump had threatened to destroy infrastructure vital to Iranian civilians if an agreement could not be reached with Iranian leaders.On April 6, Iranian Foreign Minister Araqchi stated during a phone call with Russian Foreign Minister Lavrov that the US threat to attack Iranian energy facilities was Washingtons "admission" of war crimes. In a statement, Iran said, "The Iranian Foreign Minister mentioned the US threat to attack Iranian energy facilities, considering these remarks a clear admission of war crimes." Araqchi pointed out that since the start of the war, the US has been attacking Irans industrial, energy, educational, medical, and nuclear infrastructure. He emphasized that the UN Security Council and the International Atomic Energy Agency should immediately condemn the US attacks on Iranian facilities.April 6 - According to the Telegram channel "TOLOnews Plus," citing the National Disaster Management Authority (ANDMA), as of Sunday, the death toll from floods and landslides caused by torrential rains that began in Afghanistan on March 25 has reached 99, with 154 injured.April 6th - According to foreign media reports, crude oil loading at the important Russian Baltic port of Ust-Luga was disrupted for several days following multiple drone attacks by Ukraine, but has now resumed. Shipping information shows that an Aframax bulk carrier named "Gem" began loading cargo on Saturday. Currently, Ukraine continues to attack Russian Baltic oil infrastructure; facilities at the port of Primorsk were damaged earlier on Sunday. Ukraines actions are aimed at curbing Russian export revenues. Global energy prices have risen due to the Middle East war. However, if Russia resumes a stable supply of crude oil from the Ust-Luga oil field, it could provide some relief to global markets turbulent due to Irans blockade of the Strait of Hormuz.

Over half of AMP's Australian wealth management net outflows decreased

Skylar Williams

Oct 21, 2022 14:22

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Friday, AMP Ltd announced that its Australian wealth management unit's third-quarter net outflows were more than halved due to increased inflows into its main online investment platform, North, and decreased withdrawals at its pension trusts.


AMP (OTC:AMLTF) has seen chronic outflows after a government-backed investigation found a litany of flaws that the 173-year-old corporation has been striving to overcome in order to regain public trust.


"We've seen a reduction in cash outflows to other superannuation funds, and we're acquiring new customers on our North platform, which has led to an increase in cash flows from independent financial advisers," said AMP CEO Alexis George.


During the quarter, the North platform generated $774 million in inflows, while Master Trust outflows declined from $1.59 billion to $819 million.


According to the company's annual report published in March of this year, Master Trust offers about 850,000 consumers the largest single retail superannuation product set in Australia.


In the three months leading up to September, the major wealth management division of AMP saw net cash outflows of A$0.8 billion ($502.40 million), compared to A$1.9 billion in the same period of the previous year.


Due to a drop in investment markets and continued cash withdrawals, the unit's assets under management decreased by A$3.7 billion to A$121.4 billion.


AMP reported that its banking unit's net interest margins remained on track to exceed the annual target range of 135 to 140 basis points (bps).