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| | | In an unprecedented intervention into the political war around the government's mining tax proposal, the chairman of the public sector Future Fund said the tax should be re-designed or scrapped. David Murray, Future Fund chairman, told Business Spectator ... |
| | | | The Australian stock market was more than three per cent lower at noon, as investors poured out of equities following disappointing news on the US economy, concerns over Hungary's financial situation, and softer commodities prices. At 1202 AEST, the ... |
| | | | The $2.8 billion ESI Super has increased its fixed interest and growth assets allocations across four investment options, following a recent review. ESI Super announced recently that it would open up the fund's stable and capital managed options to ... |
| | | | Magellan Financial Group increased the cash weighting of its Global fund from 2 per cent to 12 per cent four weeks ago due to concerns about the European debt crisis. Hamish Douglass, chief executive and portfolio manager at Magellan, said the Global ... |
| | | | Hastings Funds Management and Zachry American Infrastucture have acquired a major stake in a US-based natural gas terminal in a deal worth $290 million. The consortium bought a 55 per cent stake in Freeport LNG Development L.P (FLNG), which owns and ... |
| | | | The Australian stock market is set for a big fall at the open, after Wall Street slumped more than three per cent overnight on Friday, and the price of benchmark commodities contracts such as oil, silver and copper closed weaker. At 0725 AEST on the ... |
| | | | Mark Thomas, managing director of van Eyk Research, said they have no plans to change the company's name after founder Stephen van Eyk's 25 per cent stake was sold to New Zealand-based Pyne Gould Corporation last month. Stephen van Eyk's stake was sold ... |
| | | | Prudential has confirmed its agreement with AIG to buy its Asian assets is over. According to a statement, the Prudential board said it would not put any resolutions to the court or at the shareholder meeting convened for 7 June. In addition, the board ... |
| | | | The Australian share market has received mixed leads from overnight trading overseas, with Wall Street indices slightly higher, precious metals and copper lower, but oil finishing up. At 0815 AEST on the Sydney Futures Exchange, the June share price ... |
| | | | Local university endowment funds investments performed three times better than their US counterparts - a trend that looks set to continue as local institutions up the ante on alternative assets. According to a Mercer report that surveyed 27 institutions ... |
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