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Market wrap

AAP  |  FRIDAY, 20 JUN 2014
The share market has opened lower as the major miners and big four banks all post losses. The market has come off Thursday's sharp gains, OptionsXpress market analyst Ben Le Brun said. "This is not unexpected considering yesterday's strong gains," he ...

The scares that weren't

BENJAMIN ONG  |  FRIDAY, 20 JUN 2014
... China-Vietnam/Japan/Philippines/Malaysia tit for tats over a few pieces of rock floating on the ocean... and currently showing at a theatre near us, Iraq. Yes Virginia, 'twas a bumpy bumpy road we've passed and are still navigating but equity markets ...

Prepare for the 'financial Amazon': Joye

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
Online financial supermarkets akin to Amazon are the future of financial services distribution, according to YBR Funds Management's Christopher Joye. Speaking at the Financial Standard MAX forum in Sydney yesterday, Joye said there was a surprisingly ...

Industry marketing leaders receive top MAX Awards

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
First State Super, ING Direct and La Trobe Financial received the top awards at the Financial Standard MAX Forum, which took place yesterday in Sydney. The MAX Awards recognise thought leaders and innovators in sales and marketing within the financial ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Minister of Finance Mathias Cormann is ready to issue a response to the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. A spokesperson for the Minister confirmed to Financial Standard that "the government will announce ...

7.5% in black and white

BENJAMIN ONG  |  WEDNESDAY, 18 JUN 2014
"Do you want fries with that?" Yes Virginia, this moment is at hand. For this time, we get to read Chinese Premier Li Keqiang's thoughts - he penned himself, in english - on the eve of his visit to the land of the English (he's there now). Not about ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

Wagging the giant doggie

BENJAMIN ONG  |  TUESDAY, 17 JUN 2014
Tensions continue in Iraq (has it ever gone away?), Russia's building up troops on Ukraine's border (38,000 and counting according to Ukraine) and the IMF has just released fresh forecasts for the US economy (crystal ball now shows growth at a flat ...

Aussie, Aussie, Aussie, Oi, Oi, Oi

BENJAMIN ONG  |  MONDAY, 16 JUN 2014
... were reading about down, down, A$ will go down predictions. We read it in the Australian Financial Review (AFR) on 24 Feb - yes less than four months ago - "$A dollar to hit US66Ac: Deutsche Bank" - and the Sydney Morning Herald (SMH) published on the ...

UK on the go

BENJAMIN ONG  |  THURSDAY, 12 JUN 2014
... building momentum without Carney lifting a finger since he became head honcho of the British central bank last 1 July 2013. Yes Virginia, the UK has come a long way baby! From concerns over a double-dip recession about this time last year - the economy ...