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| | | The Australian stock market was weaker at noon after a poor performance on global markets overnight and a lift in the domestic unemployment rate. The market also took a dim view of weak profit results from Telstra and Qantas. At 1211 AEST, the benchmark ... |
| | | | Wealth management continues to be a significant contributor to Commonwealth Bank's profits, with the division posting double-digit earnings growth in the group's results released yesterday. For the full year ending June 30, the business reported cash ... |
| | | | As election day looms, the superannuation minister Chris Bowen has savaged the Opposition's lack of support towards establishing an international finance and regulation centre - arguing it will be detrimental to Australia's plans to become a global ... |
| | | | Competition is heating up among local and international pension funds to tap Australia's direct property market - but investments still abound for opportunistic insto investors, said a global real estate fund manager. Ian Mackie, LaSalle Asia Opportunity ... |
| | | | Super funds will be able to save up to $20 billion over the next decade with the implementation of SuperStream - but the Government and Opposition will have to work hand in hand to see the savings passed down to members, according to the FSC. The Financial ... |
| | | | The Australian market has received strong, negative leads from offshore trading overnight, with key market indices all down heavily, oil dropping and only gold amongst key metals showing a rise. At 0710 AEST on the Sydney Futures Exchange, the September ... |
| | | | AMP has appointed seven new people to its IFA Protection team in response to more demand for its enhanced risk offer in the IFA channel. Dan Powell, director IFA and alliance distribution said the appointments allows the firm to meet the increased demand ... |
| | | | Funds need to ramp up their operational reserves, according to new research from Mercer. "As a minimum, we recommend that all funds should have an operational risk reserve equal to either 100 per cent of the fund's annual in-house operating costs, 50 ... |
| | | | With the ink hardly dry on the Cooper Report's recommendations for a Trustee Code of Practice, the prudential regulator APRA has released revised trustee guidances on capital structures, risk management, resources adequacy and trustee fitness. Following ... |
| | | | You asked for it! Mo' money's in the mail. Bernanke bends to the markets. Just when we thought we've seen it all, along comes the Fed kowtowing to the whims of the financial markets. Yes Virginia, the Fed announced that it would reinvest the proceeds ... |
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