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Showing 11121 - 11130 of 20558 results for "BEN"

Wealthy parents fear kids can't handle family fortune

MARK SMITH  |  THURSDAY, 29 AUG 2013
Almost three-fifths of wealthy parents lack confidence in their children's ability to handle a large financial inheritance, according to a recent survey from Bank of America private wealth subsidiary U.S. Trust. The private bank asked 711 Americans ...

Perpetual profits boosted by cost savings initiative

MARK SMITH  |  THURSDAY, 29 AUG 2013
Perpetual has reported a huge profit jump as cost savings from its Transformation 2015 overhaul were realised. Statutory net profit after tax for the full year to 30 June stood at $61 million, up 128% on the previous year. Underlying net profit after ...

Delay of execution

BENJAMIN ONG  |  THURSDAY, 29 AUG 2013
I thought this would happen, but not to happen so soon. Yes Virginia, Wall Street's reaction to the looming war with Syria is playing out according to the script of the 1991 Iraq War and its 2003 sequel. There's the sell orders that comes with the anxiety ...

Market Wrap AM

AAP  |  THURSDAY, 29 AUG 2013
The Australian market looks set to open flat after Wall Street made modest gains but European bourses fell amid nervousness over possible action against Syria. At 0800 AEST on Thursday, the September share price index futures contract was up one point ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
The Coalition has confirmed that it will make $1.6 billion budget saving A by delaying the increase of the compulsory superannuation guarantee from 9% to 12%. After pressure from Labor shadow treasurer Joe Hockey released a seven-page document that ...

QE tapering fears spark $1 billion flight from bonds

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
... quantitative easing program with most analysts expected a slowdown in the program in September. While Federal Reserve chairman Ben Bernanke's comments initiated a spike in bond yields, the move out of fixed income assets has accelerated the trend. Morningstar ...

Prepare for take-off

BENJAMIN ONG  |  WEDNESDAY, 28 AUG 2013
Now that's what I'm talkin' bout. Only yesterday, I was practically begging for it.A Today I got it.A Oh baby, I've got it!A "S&P 500 Drops Most in 9 Weeks..." (Reuters).A "S&P 500 Drops Most in 9 Weeks..." (Bloomberg). This because Uncle Sam's going ...

Market Wrap AM

AAP  |  WEDNESDAY, 28 AUG 2013
The Australian market looks set to open lower following a plunge on Wall Street as the US investors eye possible military intervention in Syria. At 0800 AEST on Wednesday, the September share price index futures contract was down 55 points at 5,068. ...

Bowen and Cormann at odds over adviser enshrinement

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
The debate around the enshrinement of the term 'financial planner' has revealed division between Treasurer Chris Bowen and shadow Minister for Financial Services and Superannuation Mathias Cormann. "An important priority for a re-elected Rudd Labor ...

Global uncertainty provides opportunities in retail property

MARK SMITH  |  TUESDAY, 27 AUG 2013
Domestic economy uncertainty has created value opportunities in the local listed commercial property sector, but investors should diversify their exposures by investing in funds that get a portion of their earnings from overseas, according to Principal ...