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| | | ... market is repositioning itself into high-yield stocks in expectation of an upcoming rate cut from the Reserve Bank, with the big banks enjoying a rise. "Expectations are that rates will still ease - the yield return is there," he said. "People still ... |
| | | | The results of the Treasury's Intergenerational Report prove that Australia's current level of social welfare cannot be sustained and that superannuation will play a key role in addressing the issue, the Financial Services Council (FSC) said. Reacting ... |
| | | | ... Shares of pharma giant AbbVie fell 5.7 per cent after it announced it would buy leukemia drug maker Pharmacyclics in the latest big pharma deal. Pharmacyclics jumped 10.3 per cent. LONDON - The euro has slumped to an 11-year-low against the US dollar ... |
| | | | And it's off and... running. Whoops, sorry Virginia, I've gotten ahead of myself. It won't be hitting Europe's pavements till Monday, 9 March 2015 - the first instalment of the ECB's QE worth a,-60 billion, and a,-60 billion monthly hereafter until ... |
| | | | Legislation will not be enough to promote an ethical financial services industry which engenders trust, according to CFA Institute. CFA Society president Anthony Serhan said while reforms such as Future of Financial Advice (FoFA) have improved transparency ... |
| | | | AustralianSuper undertaken its biggest single direct property transaction and has invested almost $1.1 billion in a property in the United States. The super fund has acquired a 25% stake in Honolulu's Ala Moana Center from US S&P 500 company General ... |
| | | | ... yesterday's freefall. I also read that the A$ "jumped" yesterday to US$0.7820 due to the RBA's non-move. That's a 0.67% a big jump from the previous day's close, that's also not enough to recover the 1.5% "dip" it garnered over the past three days prior. ... |
| | | | ... rates by the People's Bank of China and the prospect of another interest rate cut in Australia had buoyed investors. "It's the big bazooka carrying the market at the moment," Mr Heffernan said. "If you've got resources and the banks going up, that's ... |
| | | | Another rate cut is coming, another rate cut is coming. Bloomberg's survey shows (tada!) 18 out of 29 economists expect the Reserve Bank of Australia (RBA) to follow-up February's 25 bps reduction in the official cash rate to 2.25% with another 25 bps ... |
| | | | ... moment," he said. "They're having a rest after their galloping sprint that they've been doing in the last couple of days." The big miners were in negative territory, with BHP Billiton down 15 cents to $33.35, Rio Tinto lost 35 cents cents to $63.23 ... |
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