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| | | The Australian market has received mixed leads from overseas, with Wall Street's key stock indices and commodities prices mostly lower, although the Dow Jones Industrial Average turned positive in afternoon trade and the price of gold was higher. At ... |
| | | | ... of credit weakness. The conglomerate's profit dropped 44 percent, hurt by much lower earnings at its financial arm, GE Capital, which loans money to a variety of businesses. The Dow fell 67.03, or 0.7 per cent, to 9,995.91 after being down as much as ... |
| | | | In a sign of the times, two of the country's leading private equity firms, Ironbridge Capital Australia and CHAMP Private Equity have signed the United Nations Principles for Responsible Investment (UN PRI). The UN PRI is used as a blueprint for pension ... |
| | | | A summit to have another summit. If anything, this was the consensus reached at the 4-5 September G-20 meeting in London whose finance ministers and central bankers continue to disagree to agree. But whereas the previous two meetings - November 2008 ... |
| | | | APRA-regulated general insurance companies suffered a total 61 per cent drop in net profit after tax to $2.1 billion due to higher claim costs and lower interest rates last year although the industry's total assets rose 0.7 per cent to $92.7 billion ... |
| | | | QSuper has appointed former QIC head of portfolio design, Damian Lillicrap, as head of strategy and Herbert Chang as head of capital markets. Lillicrap and Chang, together with head of funds management Charles Woodhouse complete the roster of senior ... |
| | | | The Church Pension fund, a US-based pension fund with $9 billion in assets, opens an office in Hong Kong as it bulks up its portfolio in Asian real estate and private equity assets. According to oversees news reports, the fund has hired Mason - who ... |
| | | | AMP recorded around $2 billion in net cashflows to the firm's superannuation and pension business last year and announced a focus on simpler, transparent products in the long term. AMP Financial Services' net cashflows were up $81 million in the first ... |
| | | | ... market's sentiment that has changed. Finally, the good news came in the form of Standard & Poor's downgrading of GE and GE Capital's long-term credit rating by less than market expectations. A downgrade is a downgrade but a less-than-expected downgrade ... |
| | | | The Australian share market is expected to open significantly lower after US stocks slumped overnight as economic reports there showed the economy is headed for a recession, if not there already. At 0753 AEDT, the December Share Price Index futures ... |
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