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Daily economic round-up

PETER BELL | THURSDAY, 19 OCT 2006

The US economy has received good news about the abatement of inflation with the release of consumer and producer price data showing that the consumer index fell by 0.5 per cent in September and that producer prices fell by 1.3 per cent largely as a ...

Daily economic round-up

PETER BELL | FRIDAY, 8 SEP 2006

The number of jobs created last month rose by 23,400 in seasonally adjusted terms to take the national number of people employed to 10.2655 million. Better news was that most of the employment gain was in full-time jobs which increased by 22,600 to ...

NAB completes $575m insurance sale to AXA

The National Australia Bank (NAB) has finally received the regulatory nod to complete the $575 million sale of MLC Hong Kong and MLC Indonesia to AXA Asia Pacific Holdings (AXA APH). The bank flagged its intentions to divest its life insurance operations ...

NAB hands Asian life insurance to AXA

In a deal worth more than half a billion dollars, National Australia Bank (NAB) will divest its MLC life insurance businesses in Hong Kong and Indonesia to AXA Asia Pacific Holdings (AXA APH). The $575 million sell-off is part of NAB's ongoing business ...

Economy withstands impact of tsunami

The devastating tsunami that struck South Asia just over a fortnight ago will have minimal economic impact on the region, according to AMP Capital Investors chief economist and head of investment strategy Dr Shane Oliver, as the cornerstone industries ...

ANZ sticks to earnings forecasts

AAP | FRIDAY, 17 DEC 2004

ANZ Banking Group today stuck to its earnings guidance for the 2005 financial year, but said competition would continue to place pressure on margins. ANZ chairman Charles Goode also said there was likely to be some further easing in overall credit growth ...

APEC will seek to exorcise the failures of WTO Cancun

Next week's meeting of heads of states and ministers at the Asia-Pacific Economic Cooperation (APEC) meeting in Bangkok, Thailand, will focus on multilateral trade and security issues and will aim to further enhance business facilitation among the 21 ...

Senator Campbell calls for single Asia-Pacific finance market

The formation of a single Asia Pacific finance market was one of the next major steps in globalisation of financial services, the Parliamentary Secretary to the Treasurer Senator Ian Campbell has announced. He said Australia would benefit greatly from ...

Australia is the busiest market for project finance loans: Thomson

Thomson Financial Corporation of Hong Kong has said that Australia ranks first, followed by China, as the leading destination for project finance volumes this year. In information released today, Thomson has said that Australia remains the busiest markets ...

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Invesco launches new equity fund

ELIZA BAVIN | 12:13PM

Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA | 12:05PM

The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA | 12:03PM

A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI | 11:12AM

Global X has now launched the space tech ETF (ASX: MOON).

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