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| | | Investments on behalf of minors may now be cut short after the federal budget has shut down minor access to the Low Income Tax Offset (LITO). As part of the budget, minors, children under the age of 18, will no longer be able to access the LITO to reduce ... |
| | | | "We are on track for surplus in 2012-13, on time, as promised..." Pardon moi, but this to me is the only thing with a hint of significance in honourable Wayne Swan's - Australia's deputy PM and Treasurer - budget speech last night. It was a ho-hum Budget ... |
| | | | The Australian market is expected to open higher on Wednesday, following upbeat performances in markets broadly overnight. On the ASX 24 at 0659 AEST, the June share price index futures contract was 47 points higher at 4,766. In economics news, markets ... |
| | | | NGS Super expects to complete a merger with UCSuper by early 2012, missing out on capital gains tax relief, having signed a memorandum of understanding to create a combined $4.4 billion fund. The optional capital gains tax (CGT) roll-over for capital ... |
| | | | The Australian share market reversed course to trade lower by noon, dragged down by banks and investors withdrawing to the sidelines ahead of the federal budget's release on Tuesday night. At 1200 AEST, the benchmark S&P/ASX200 index was 19 points ... |
| | | | Destination: Highway one point seven zero. Yes Virginia, this is what the current euphoria on the Australian dollar has led to - the currency is now extrapolated to reach 1.70 against the US dollar by 2014. According to The Australian newspaper, not ... |
| | | | MLC Investment Management will continue to focus on the "manager of manager approach" after installing Jonathan Armitage as portfolio manager, global equities, joining from Schroders in London. Armitage, who joins the company on August 1, will report ... |
| | | | The Australian share market continued to rise as it entered afternoon trade, with promising economic data from the US stoking buying in most sectors. At 1200 AEST, the benchmark S&P/ASX200 index was up 47.6 points, or one per cent, at 4,790.6 points ... |
| | | | The Australian market is expected to open higher on Monday after surprisingly strong jobs data out of the United States on Friday saw overseas markets rise. On the ASX 24 at 0704 AEST, the June share price index futures contract was eight points higher ... |
| | | | Whoopsee, wrong call! Not mine but the financial markets. By now you've probably seen how equity markets and some commodities backtracked from "the global economy is falling" to "here comes the sun, and I say it's alright" (Beatles). And this happened ... |
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