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| | | The Australian stock market opened lower after world equity markets slumped as investors worried about higher oil prices due to violent unrest in Libya. At 1015 AEDT, the benchmark S&P/ASX200 index was down 23.5 points, or 0.49 per cent, at 4822.4 ... |
| | | | IOOF Holdings has announced a stellar half-yearly net profit result, rising 21.68 per cent or $8.36 million to $46.92 million for the six months to December. The company's underlying NPAT, which takes into account accounting adjustments, rose 16 per ... |
| | | | TOWER Australia and CommInsure both named Life Company of the Year in the Association of Financial Advisers (AFA) and Plan for Life awards held yesterday. In a surprise, the two life insurers ranked equal in the main category, with the awards committee ... |
| | | | It had to happen sometime and it's looking like that time has come as equity markets in the developed economies are starting to outperform those in the fast-growing BRICS - Brazil, Russia, India and China. Bloomberg reports that the MSCI World Index ... |
| | | | Months of anxiety over rising inflation, speculation over near-term hikes in interest rates (in the developed economies) and/or actual hikes in interest rates (in emerging markets), lingering doubts over the US recovery, policy mistake and then a hard ... |
| | | | The Australian dollar was slightly lower as political uncertainty in Libya continues to sour market sentiment and drive commodities currencies lower. At 0700 AEDT on Thursday, the local unit was trading at 100.16 US cents, down from Wednesday's close ... |
| | | | Longevity is the largest risk faced by self-managed super fund trustees before they retire due to highly unpredictable markets, a longevity risk expert said. Andrew Robertson, head of longevity solutions, Macquarie, said that coupled with the fact that ... |
| | | | Solid results from companies including Coca-Cola Amatil and WorleyParsons have limited declines on the Australian sharemarket after heavy falls in US equities overnight. At 1204 AEDT, the benchmark S&P/ASX200 index was down 7.9 points, or 0.16 per cent ... |
| | | | AMP has launched new technology communication tools and peer-to-peer workshops to provide greater support for its advisers. AMP launched the initiative to promote intra-group communications and to facilitate regular meetings even across state boundaries. ... |
| | | | Boutique legal industry super fund legalsuper reported a 15 per cent jump in employer contributions for the six months to 31 December 2010, reinforcing the rising inflows they attracted in 2009. The inflow momentum has seen them increase their contributions ... |
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