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The luckier country

BENJAMIN ONG  |  THURSDAY, 23 OCT 2008
The Australian equity market continues to follow the fortunes of its peers in America, Europe and Asia although economic and business fundamentals here are in much better shape than most of its global counterparts. So far this year, developed equity ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 22 OCT 2008
Australian stocks were lower at noon after a strong negative lead from Wall Street. At 1200 AEDT, the benchmark S&P/ASX200 was down 89.6 points, or 2.08 per cent, at 4,212.9, while the broader All Ordinaries lost 83.9 points, or 1.97 per cent, to 4,167.5. ...

Market Wrap - Midday

AAP  |  TUESDAY, 21 OCT 2008
Australian stocks were higher at noon after US indices soared in a late rally buoyed by signs of easing credit and the growing likelihood of a second stimulus package. At 1200 AEDT, the benchmark S&P/ASX200 was up 100.6 points, or 2.43 per cent, at ...

Sunsuper eyes CitiStreet Australia

RUTH LIEW  |  FRIDAY, 17 OCT 2008
The $13 billion industry fund Sunsuper has unveilled plans to buy superannuation fund administration business CSA Retirement Services, formerly known as CitiStreet Australia. Sunsuper said the fund was in talks with the administrator yesterday and confirmed ...

Large instos to move admin in-house

MICHAEL HOBBS  |  FRIDAY, 17 OCT 2008
Technology expert SimCorp predicts more multi-managers and super funds will consider taking custodial-type services in-house to gain better clarity and control of their underlying investments. Rod Dew, SimCorp sales manager, explains that with increasing ...

Market Wrap - Morning

AAP  |  FRIDAY, 17 OCT 2008
The Australian share market is expected to open higher after US stocks gained in a late rally early this morning, amid ongoing volatility on markets. At 0758 AEDT, the December Share Price Index futures contract on the Sydney Futures Exchange was up ...

AustSuper stays cautious

RUTH LIEW  |  THURSDAY, 16 OCT 2008
The $28 billion industry fund AustralianSuper has raised its allocation to cash and global bonds as it seeks shelter from volatile markets. Speaking at a Melbourne meeting for fund members yesterday evening, Ian Silk, chief executive of AustralianSuper ...

ME to gain market share

MICHAEL HOBBS  |  THURSDAY, 16 OCT 2008
Industry Super Fund owned Members Equity Bank could be the accidental winner in the current race among the big four to buy their smaller rivals. Yesterday, Garry Weaven, Members Equity Bank managing director was quoted in the Australian Financial Review ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 OCT 2008
The Australian share market is expected to open significantly lower after US stocks slumped overnight as economic reports there showed the economy is headed for a recession, if not there already. At 0753 AEDT, the December Share Price Index futures ...

Sober and sombre

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2008
True to script, Wall Street calmed down from the euphoric rally that greeted investors at the start of the trading week. Just as the spectacular one-day rallies of the 1930s (see yesterday's report, "Depression no more?") were followed by more sober ...