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Caterpillar economy turns into a butterflyBY BENJAMIN ONG | FRIDAY, 24 OCT 2014 9:25AM
The global economy has done a 180 degree turn in just a single week!
Read more: Fed, U.S., Bloomberg, Caterpillar, China Factory Gauge Rises, ECB, 14-Year Low Over Past Month, BOE, BOJ, Bonds Drop, Dallas, Dollar, Ebola, Economics, Euro-Area Manufacturing, Growth Bets Jobless Claims, Hong Kong, Indicators Index, Investors Growth Scare, Israel, Japan, Lowest, Middle East, October, Risk, S&P 500, September, Sunday, Sweden, U.K. inflation, U.S. Economy, U.S. Stocks Rise, Ukraine, US bond yields, Virginia, VIX, Wall Street, Wednesday, Workers Weather Slowdown
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
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Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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