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Contra confidence

BENJAMIN ONG  |  MONDAY, 19 JUL 2010
... the Dow down by 2.5 per cent and the S&P 500 giving up 2.9 per cent - the same day we Australians woke up to news that... yes, we will have a Federal election on 21 August 2010. Bank of America, Citigroup and GE announced second quarter earnings results ...

US Congress passes Wall Street reforms

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2010
US Treasury Secretary Tim Geithner said the Dodd-Frank reforms approved by the US Congress this week will ensure that banks, not taxpayers, will pay for future bank failures, and protect consumers from Wall Street greed. Yesterday the 'Wall Street Reform ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
... zero). US industrial production rose by only 0.1 per cent in June from the 1.2 per cent increase posted in the previous month. Yes, there's slowing here, too, but also note that industrial output is up a strong 8.2 per cent from its level a year ago. ...

Looking good

BENJAMIN ONG  |  WEDNESDAY, 14 JUL 2010
With Wall Street's attention turned to profits, profits and profits - and strong ones at that - the celebration in the equity markets rolls. The Street turned in another strong performance while we were sleeping - and so did Europe. A reaction from ...

Let the reporting season begin

BENJAMIN ONG  |  TUESDAY, 13 JUL 2010
So this is what the markets are like when news go away! Wall Street was a little bit up, so was Europe. Asian equities hopped a tad and Australian shares skipped a beat higher yesterday. Flat was the day in the life of equities markets across the globe ...

GESB can manage tougher measures on capital reserves

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
... spokesperson, if GESB is to grow a multiple of its current size, a defined operational risk reserve will still be appropriate. "Yes, as the fund grows, the quantum of the reserve should grow to mitigate the potential increase in operational risks (although ...

Praemium preps more advisers to fee-for-service world

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Praemium is expanding its planner target market by 80 per cent as the firm rolls out SMARTwrap - a service aimed at both fee-for-service and commission-based advisers, and those transitioning to a fee structure. Arthur Naoumidis, group chief executive ...

CFSGAM aims for top quartile UN PRI performance

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
Colonial First State Global Asset Management (CFSGAM), the largest fund manager in the country, mounts an ambitious strategy to rank as a top quartile fund based on performance when measured against the key principles set in the UN PRI. At a briefing ...

Temasek seeks Asian equities fundies

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Local Asian equities fund managers looking to win mandates should pay the $150 billion Temasek Holdings another visit, after the sovereign fund flagged plans to boost its Asian portfolios, according to its annual performance report released yesterday. ...

New-found optimism

BENJAMIN ONG  |  FRIDAY, 9 JUL 2010
... themselves that if it's not going up, it must be headed down. Negative data are magnified... positive ones are spun negatively. Yes Virginia, in this day and age of instant everything, investors and speculators want instant gains too. They want their ...