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Daily economic round-up

PETER BELL  |  THURSDAY, 12 APR 2007
Labour force data released from the ABS today shows that over the last month there was a 10.5 per cent increase in employment in Australia in seasonally adjusted terms so that on an annual basis there was a 2.7 per cent growth in the national workforce. ...

FUM surges to $1.4 trillion

ALEX DUNNIN  |  WEDNESDAY, 11 APR 2007
Funds under management from Australian investors surged $213 billion or 18 per cent during 2006 to reach nearly $1.4 trillion, according to figures released in the latest Rainmaker Information Roundup report. Strong investment returns helped drive the ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 11 APR 2007
Sentiment in the Australian economy has recently fallen slightly after the previous significantly positive lift with the National Australia Bank Business Confidence Survey indicating a decrease by 2 points to a score of 10 in the last month. Business ...

New Jersey Govt spends teachers' future fund

CHRIS NICHOLLS  |  TUESDAY, 10 APR 2007
The New Jersey Teachers' Pension and Annuity Fund seemed in dire trouble last week as it was revealed funds destined for retirement funding had been diverted to cover more immediate expenditure, in a theme echoing some of the recent debate around Australia's ...

Daily economic round-up

PETER BELL  |  TUESDAY, 10 APR 2007
Federal Treasurer Peter Costello has raised the issue of the tax treatment of Private Equity firms operating in Australia noting a concern that the increasing level of corporate activity in the private equity space could mean the associated higher levels ...

Unionised workers only half all industry fund members

ALEX DUNNIN  |  WEDNESDAY, 4 APR 2007
New research shows that industry funds are winning post-super choice, despite the Australian Bureau of Statistics (ABS) reporting that the proportion of private sector workers belonging to a union is only 15 per cent. According to the ABS, less than ...

Fincorp failure burns 8,000 investors

Around 8,000 investors will either lose all their money or get back 30Ac in the dollar following the collapse of property group Fincorp. KordaMentha, the insolvency administrator appointed to the case, said that preliminary figures showed that about ...

Market wrap - morning

AAP  |  WEDNESDAY, 4 APR 2007
The Australian market is expected to open firmer in line with the strong lead from Wall St. On the Sydney Futures Exchange at 0750 AEST, the June share price index contract was up 30 points to 6,104. In economic news today, the Reserve Bank of Australia ...

Daily economic round-up

PETER BELL  |  TUESDAY, 3 APR 2007
Further analysis of retail trade data released yesterday shows that in addition to the increase of 0.9 per cent on a seasonally adjusted basis for February, the data indicated that the rise over the last year has been a healthy 6.8 per cent. While the ...

Super tops $1 trillion as retail keeps winning inflows race

ALEX DUNNIN  |  FRIDAY, 30 MAR 2007
Australia's superannuation savings pool has climbed to $1 trillion at December 2006 after jumping 19 per cent during the year, said the Australian Prudential Regulation Authority (APRA). Despite the continuing media campaigns promoting the fee and performance ...