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Economist says current account deficit figures are disturbing

John Fernando A leading Sydney-based economist said today that the current account deficit figures released earlier this week are disturbing. In an exclusive interview with the Financial Standard, Dr. Ric Simes, chief economist with ICAP, a wholesale ...

Morning market wrap: All Ordinaries up slightly

John Fernando The All Ordinaries followed the trend in Wall Street as stocks recovered marginally after yesterday's losses. Strong profit results from Packer's Publishing and Broadcasting Limited (PBL) and Australia's largest supplier of gas and electricity ...

Morningstar gives three stars to Perpetual's Barra offering

John Fernando Research house Morningstar has given Perpetual Investments' Alpha Quant offering from Barra International a three star rating. Morningstar said that a lack of emphasis on quality and sustainability of earnings from the quant model was ...

ASIC extends transitional relief period for closed funds to 2010

John Fernando The Australian Securities and Investments Commission (ASIC) today announced that it would extend the period of transitional relief, which would negate costs, burdens and investor protections related to transitional and registration requirements ...

Morning market wrap: US shares slump, bomb hits Philippines

Paul Cully Market sentiment was dealt a double blow early on Tuesday with US shares dropping sharply on doubts about consumer confidence, while a terrorist bomb attack on a southern Philippines airport this morning reportedly causing 19 deaths. Both ...

Strategic adds two boutique managers to its product range

John Fernando Independent master trust provider Strategic Investments Australia has added two boutique offerings, the Paradice Cooper Investors (PCI) Australian Equity (large Cap) Fund and the Constellation Capital Management Australian Equities Fund ...

Australia wins OECD praise for fiscal, immigration policy

John Fernando Australia has been ranked as one of the top economic performers among the 30-member countries that make up the Organization for Economic Cooperation and Development (OECD), according to a report released yesterday by the Paris-based organisation. ...

The value of bonds: Brumby defends the role of government debt

Paul Cully Victorian State Treasurer John Brumby has weighed in on the debate surrounding government bonds, arguing that government borrowing provides both flexibility for Australian investors and maintains the country's international standing. "It ...

Deakin targets May launch for corporate super product

Paul Cully Deakin Financial Services is targeting a May launch for its entry into the corporate superannuation market, general manager of technical services Dan Parry said today. Parry said that the group was currently negotiating terms with a superannuation ...

Costello "sympathetic" to tighter payout regulations

Paul Cully Federal Treasurer Peter Costello today indicated that he was prepared tighten regulations governing corporate payouts as public opinion firmed against the latest in a series of controversial termination packages to Australian executives. ...