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Genesys advisers looking at all options following wind up

LAURA MILLAN, JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Advice practices licensed under AMP-owned Genesys Wealth are currently considering all options after the licensee announced yesterday that it would wind up. At the moment, 92 advice firms employing 188 advisers are licensed under Genesys, according ...

Market wrap

AAP  |  WEDNESDAY, 19 NOV 2014
The Australian share market is trading lower, pulled back by the big miners and major banks. Investors largely ignored gains on markets in the United States and Europe overnight, and instead fretted over lower iron ore prices. "It was concerning for ...

One swallow says it's springtime for Germany

BENJAMIN ONG  |  WEDNESDAY, 19 NOV 2014
One month's tick up in a single index is all it took for euro area financial markets to go loco. Yes Virginia, they've gone loco over reports that economic sentiment in the region's locomotive - Germany -- rebounded (big time) in November after falling ...

Infra manager Hastings inks major China deal

STAFF WRITER  |  TUESDAY, 18 NOV 2014
Infrastructure manager Hastings has entered into a strategic partnership agreement with Hong Kong-headquartered China Merchants Investment Development Company Limited (CMID) on the back of yesterday's China-Australia Free Trade Agreement. In April this ...

Industry seizes China FTA opportunities

JAMES FERNYHOUGH  |  TUESDAY, 18 NOV 2014
The financial services industry has been quick off the mark following the signing of a free trade agreement (FTA) between Australia and China yesterday, with many Australian institutions already announcing their own deals with Chinese businesses and ...

G20, FTA and Vlad

BENJAMIN ONG  |  MONDAY, 17 NOV 2014
... the third quarter National Accounts are released today). And what about the G20 summit in St. Petersburg in September 2013? Yes folks, that was in Russia (when it was G20 president) where Russia committed, among others, "to improving the business environment..." ...

CBA chairman defends compensation program at AGM

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
Commonwealth Bank (CBA) chairman David Turner defended the bank's performance and its reaction to the financial planning scandals in front of shareholders at the annual general meeting in Melbourne yesterday. "We know that saying sorry is not enough ...

Forward guidance at its best

BENJAMIN ONG  |  THURSDAY, 13 NOV 2014
... the release of the BOE's Quarterly Inflation Report last night. But of course, being the astute central banker that he is (yes, I'm a Carney groupie now), he said it more eloquently... even quoting from Karl Marx's "The Communist Manifesto" to drive ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Less than half of retail workplace default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker ...

Shanghai-HK Connect connects China to the world

BENJAMIN ONG  |  TUESDAY, 11 NOV 2014
... Jinping and US president Barrack Obama at the APEC summit or his handshake connect with Japanese Prime Minister Shinzo Abe? Ahh yes, Virginia, you know where I'm going with this don't you? It's the Shanghai-Hong Kong Stock Connect. We've been waiting ...