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| | | Poor market sentiment and the introduction of bank guarantees have forced the closure of two mortgage trusts. Australian Unity Investments (AUI) decided yesterday to close its Mortgage Income Trust (MIT) and Wholesale Mortgage Income Trust (WMIT). All ... |
| | | | Formal discussions on an intergovernmental tax agreement were welcomed yesterday by the Financial Services Council. The Gillard Government announced this week that discussions have commenced with the United States on an intergovernmental agreement for ... |
| | | | Lara Bourguignon has been appointed Managing Director of Plum Financial Services. Plum, which is part of National Australia Bank's wealth division, is a corporate superannuation provider. It has around $14 billion in committed funds. Bourguignon will ... |
| | | | The Australian market looks set to open lower after Wall Street tumbled following US President Barack Obama's re-election, with investors now seeing a tough battle with Republicans over a looming "fiscal cliff". At 0630 AEDT on Thursday, the December ... |
| | | | Australian stocks are slightly higher after positive leads from Europe and Wall Street. At 1018 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.18 per cent, at 4,492.7 points, while the broader All Ordinaries index had risen ... |
| | | | Year-to-date exchange traded product (ETP) flows have surpassed the total amount recorded in 2011, according to BlackRock Investment Institute's October ETP Landscape report. Flows of $192.3 billion have already been recorded this year. Last year's ... |
| | | | Less initial public offerings (IPOs) shouldn't mean a slump in performance, said Hyperion Asset Management. Managers should view IPO activity as the exception, rather than the rule, added Jason Orthman, one of Hyperion's portfolio managers. "In the ... |
| | | | Tony Cripps, current chief executive officer of HSBC in the Philippines, will replace Paulo Maia as the bank's chief executive officer in Australia. Cripps will take the reins from 24 December this year, with Maia departing for the role of president ... |
| | | | Superannuation's growth over the next decade is one of the biggest challenges facing Australia's corporate regulator, said ASIC chairman Greg Medcraft. As the size of the superannuation sector expands to $3 trillion over the next decade, the extra products ... |
| | | | "At today's meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being." This was how the Reserve ... |
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