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Dangerous currents

BENJAMIN ONG  |  FRIDAY, 16 SEP 2011
Now that's what I'm talking about. See what a little concerted, decisive action does. Global equity markets rallied following news that the European Central Bank, in coordination with the US Federal Reserve, the Bank of England, the Bank of Japan and ...

Asian counterweight

BENJAMIN ONG  |  THURSDAY, 15 SEP 2011
It's still the word - Greece, that is. "In the face of the extensive rumbas of the last few days, it was stressed by all that Greece is an integral part of the Eurozone." This was Greek government spokesman Elias Mossialos' announcement to the world ...

Market Wrap

AAP  |  TUESDAY, 13 SEP 2011
The Australian share market rallied in opening trade on a solid Wall Street lead, with energy and large cap stocks leading the market higher. At 1010 AEST on Tuesday, the benchmark S&P/ASX200 index was up 43.4 points, or 1.075 per cent, at 4,081.9 ...

Local instos eye US equities

ELISE BURGESS  |  MONDAY, 12 SEP 2011
... though the US equity market isn't the cheapest in the world, the characteristics of it to do well are pretty impressive. "Yes, European equities are cheaper right now but I think investors that buy large cap high quality US companies and balance their ...

Not looking good

BENJAMIN ONG  |  MONDAY, 12 SEP 2011
... achieving fiscal adjustment plans while supporting economic activity, taking into account different national circumstances." Oh yes, they understand that there's a problem all right - a mammoth one. And what are they doing about this? They blah and issue ...

Trio directors accept APRA suspension

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ...

Investors look for business activity signals

ALEX DUNNIN  |  FRIDAY, 9 SEP 2011
Investors able to separate stock price volatility signals from a company's underlying business activity will find the Australian share market a fertile place, said Goldman Sachs yesterday in an upbeat assessment of the local bourse. Dion Hershan, Goldman ...

AXA winds up billion dollar funds

ELISE BURGESS  |  WEDNESDAY, 7 SEP 2011
AXA Australia is in the process of winding up seven funds, including a $1.06 billion mortgage fund, with a withdrawal offer available on two others. An AXA spokesperson confirmed to Financial Standard yesterday that AXA had completed a review of its ...

Inflation not currency worrying the RBA

ALEX DUNNIN  |  WEDNESDAY, 7 SEP 2011
Anyone who thinks the Reserve Bank was about to cave into pressure for lower interest rates to take pressure of the AUD should read their rates decision statement from yesterday because it seems they were closer to lifting them than they were to lowering ...

SMSFs cash deposits reflect volatility

ELISE BURGESS  |  FRIDAY, 2 SEP 2011
SMSFs trustees are hesitant investors with too much focus on cash deposits, moving $40 billion into cash products since 2009, according to a report from Vanguard and Investment Trends. This 'wall of cash', as the report calls it, has developed over ...