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Economics

Market Wrap AM

BY AAP | FRIDAY, 28 JUN 2013 9:10AM

The Australian market looks set to open higher after positive rallies on overseas markets as traders digested news of an unexpected drop in German unemployment, solid data from the US and comments from a top Federal Reserve official that the central bank would not hastily end its stimulus program..

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Editor's Choice

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA | 12:19PM

Pengana Capital Group is again attempting to thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene.

ASFA welcomes Rest executive to C-suite role

MATTHEW WAI | 12:05PM

ASFA has named a new C-suite appointment, set to join on September 21 from Rest to strengthen its policy implementation initiative.

WT Financial takes majority stake in TNT Advisor

RIDDHIMA TALWANI | 11:56AM

WT Financial has acquired a 70% stake in paraplanning provider, TNT Advisor Solutions (TNT), for $2.4 million.

State Super announces new board appointment

VINNY VUCAGO | 12:02PM

State Super, the SAS Trustee Corporation, has named a new member of its board, saying the appointment will add to the trustee's governance structure.

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