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Showing 3131 - 3140 of 6512 results for "Jul"

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 13 SEP 2016
Australia lending finance Data from the Australian Bureau of Statistics (ABS) showed a sharp 9.0% increase in the total value commercial finance commitments in July, more than reversing the 8.2% drop in the previous month. The increase was driven by ...

Watershed SMA makes the right calls

MICHELLE BALTAZAR  |  SUNDAY, 11 SEP 2016
Over a difficult trading year to July 30, where world markets dipped into the red, the Watershed International ETF SMA delivered 6.86% p.a. gross return for its investors, outpacing its benchmark the MSCI World Index (AUD) which lost 2.48%, giving outperformance ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 9 SEP 2016
US consumer credit Total US consumer credit went up by US$17.7 billion in July, stronger than the previous month's US14.5 billion increase and more than market expectations for a US$15.6 billion rise. Non-revolving credit - i.e. car and student loans ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 8 SEP 2016
Australian GDP The Australian Bureau of Statistics (ABS) released the country's National Accounts report showing that while the economy's quarterly real GDP growth halved to 0.5% in the three months to June from 1.0% in the March quarter, the annual ...

Morgan Stanley pays $123,750 penalty

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
Morgan Stanley Australia has paid a penalty of $123,750 to comply with an infringement notice handed down by the Markets Disciplinary Panel (MDP). The MDP said it had "reasonable grounds" to believe that Morgan Stanley had contravened subsection 798H(1) ...

Legg Mason Brandywine fund gets top rating again

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
The Legg Mason Brandywine Global Opportunistic Fixed Income Trust has been awarded a "Highly Recommended" rating by Lonsec for a third straight year. The rating coincides with the fund surpassing $500 million in assets under management in Australia ...

UK corporate pension deficit swells

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
The combined pension deficit of the UK's 350 largest listed companies widened £50 billion ($87 billion) in August, the increase on record. According to data from Mercer, the accounting deficit of defined benefit pension schemes for FTSE 350 companies ...

Elders gains QLD practice

KERRIE SYDEE  |  TUESDAY, 6 SEP 2016
Elders Financial Planning has added its seventh practice to the Elders network. Toowoomba based Total Wealth Group has joined the Elders dealer group, the seventh practice Elders has added over the last five months as the group pushes for growth in ...

Inappropriate advice drives disputes

KERRIE SYDEE  |  TUESDAY, 6 SEP 2016
The Financial Ombudsman Service (FOS) received 34,095 disputes in 2015-16, a 7% increase on the previous year, according to the FOS 2015-16 annual review. Of the 20,298 disputes accepted 1,141 were investments and advice disputes (5%) and 1,095 were ...

ASFA names KPMG partner as new CEO

MARK SMITH  |  MONDAY, 5 SEP 2016
The Association of Superannuation Funds of Australia (ASFA) has named its new chief executive to take over from Pauline Vamos, who stepped down in July after nine years with the industry body. Dr. Martin Fahy, who is currently a partner in management ...