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| | | Do you know what Moses did when God handed him the Ten Commandments? He squatted beside the burning bush, placed both hands on his face and cried, "Rules, rules, rules... too many rules!" But unlike Moses, America's biggest banks are not squatting and ... |
| | | | The Australian stock market likely to open stronger following a mostly positive lead from Wall Street overnight. At 0736 AEST on the Sydney Futures Exchange, the June share price index contract was 33 points higher at 4,947 points. In economics news ... |
| | | | The $12 billion New Zealand Superannuation has terminated its global equity, non-US small-cap equity and multi-strategy equity mandates managed by GMO. The guardians of New Zealand Superannuation made the announcement today, and said GMO Renewable Resources ... |
| | | | The West Australian state government has terminated the mutualisation of GESB and is instead allowing the state's public servants to choose their fund. This decision follows the Whithear Review into public sector superannuation. The choice for public ... |
| | | | Cash balances have fallen and the number of investors taking above-normal risk in their portfolios are at their highest since January 2006, new figures show. According to the Bank of America Merrill Lynch Survey of Fund Managers for April, investors ... |
| | | | The global financial sector may be a shadow of its former self after the GFC but it is still a $9.1 trillion (US$8.5 trillion) market full of stocks ripe for the plucking, said fund manager Bennelong SGI Global Equities. Visiting Australia this month ... |
| | | | The Australian share market is expected to open higher on Wednesday on positive leads from Wall Street, although oil and precious metals fell again in overnight trade. On the Sydney Futures Exchange at 0737 AEST, the June share price index contract ... |
| | | | Almost all super funds will have a performance component built into the remuneration packages of their senior management within the next five years, and there are more fundamental changes ahead in the way super fund executives and staff get paid as ... |
| | | | The Australian Tax Office's superannuation co-contribution suspension could cost taxpayers at least $1 million, according to shadow minister, Luke Hartsuyker. Hartsuyker, shadow minister for consumer affairs, financial services, superannuation and corporate ... |
| | | | The Australian stock market has received a positive lead from overseas markets, with Wall Street closing higher and metals futures contract prices firmer. But the benchmark crude oil futures contract price dipped below $US85 a barrel on Friday. At 0722 ... |
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