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Hunter Hall chief executive exits

MELANIE TIMBRELL  |  FRIDAY, 27 APR 2012
David Buckland will resign as chief executive officer of Hunter Hall International Limited, following 11 years with the firm. Six equities funds were put on hold yesterday following the announcement, with ratings agency Standard & Poors concerned that ...

There's the good news and there's the good news

BENJAMIN ONG  |  FRIDAY, 27 APR 2012
So where have all gloom and doomers gone? Yes them - the worrywarts who sent the S&P 500 index tumbling down by as much as 4.2% earlier this month. Where the bloody hell are they now? They should be jumping with joy and wringing their hands with the ...

Market solutions favoured in OTC derivative reform

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
The Council of Financial Regulators has recommended a preference for market-led solutions, in part driven by appropriate regulatory incentives to comply with a G20 commitment on OTC derivatives. The Government released the consultation paper yesterday ...

CBA commits to local jobs

ELISE BURGESS  |  FRIDAY, 20 APR 2012
CBA boss Ian Narev has committed to retaining local staff and not moving offshore, despite pressures from customer preferences, instead promising to simplify products. Speaking in a shareholder briefing yesterday, Narev said the Commonwealth Bank of ...

Market Wrap

AAP  |  THURSDAY, 19 APR 2012
The Australian share market opened slightly higher following gains for the mining giants and despite falls on Wall Street. At 1013 AEST on Thursday, the benchmark S&P/ASX200 index was up 6.9 points, or 0.16 per cent, at 4,355.6 points, while the broader ...

Missing the forest for the daily grind

BENJAMIN ONG  |  THURSDAY, 19 APR 2012
One step forward, two steps back. Two steps forward, one step back. Buy. No, sell. Sell. Wait, wait, buy! Tough, ain't it Virginia? Tough-er if you're trying to put food on the table by making sense of the daily ups and downs and ups... and downs in ...

In it to win it

BENJAMIN ONG  |  WEDNESDAY, 18 APR 2012
... amount sold, compared with 2.14 times last month. Demand for the longer maturity notes rose to 3.77 times from 2.93." Say what? Yes, there's even greater demand for Spanish debt compared with last month. This doesn't gel with speculations that Spain ...

ASIC suspends practice licence

ELISE BURGESS  |  TUESDAY, 17 APR 2012
ASIC has suspended the licence of Australian Performance Financial Planning for three months for unknown reasons. The Australian Securities and Investments Commission (ASIC) suspended the Australian financial services licence of the Sydney-based planning ...

Dip buyers buy the dip

BENJAMIN ONG  |  TUESDAY, 17 APR 2012
The Gremlins are coming back to haunt. Or so it'll seem as you read reports reporting that, once again, we're doomed. Yes Virginia, you'll be scared off your pants to know that the S&P 500 index posted its biggest weekly loss in 2012. It fell an earth-shattering ...

What price surplus?

BENJAMIN ONG  |  MONDAY, 16 APR 2012
... imperative." "It is all about the Prime Minister and the Government having decided that they can't be seen to change their mind." Oh yes, Tony Abbot would make sure of that. But what price 2012/13 surplus? I sincerely think that this is one broken promise ...