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Market Wrap - Morning

AAP  |  THURSDAY, 3 APR 2008
The Australian sharemarket is expected to open higher after commodities including gold, oil and copper advanced overnight. Gains may be limited after US stocks declined on comments by Federal Reserve chairman Ben Bernanke that a recession is possible. ...

Market wrap - midday

AAP  |  WEDNESDAY, 2 APR 2008
The Australian sharemarket opened higher, led by investment firms Macquarie Group and Babcock & Brown, after US stocks gained the most in two weeks overnight on optimism the worst of the credit crisis may be over. At 1020 AEDT, the benchmark S&P/ASX200 ...

New voice for SMSFs

RUTH LIEW  |  WEDNESDAY, 2 APR 2008
A new self managed super fund body, the Self Managed Superannuation Member's Association Ltd, was officially launched yesterday - the latest industry initiative to boost the SMSF sector. Established in August 2007, the association aims to help the SMSF ...

Adviser charged on $48k theft

RUTH LIEW  |  WEDNESDAY, 2 APR 2008
Perth financial adviser Annemieke De Boer was yesterday sentenced to one year imprisonment and suspended for two years after pleading guilty to stealing $48,000 from a former client. The sentence was the result of a joint investigation conducted by ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 2 APR 2008
The Australian sharemarket is expected to open higher after US stocks gained overnight. Resource stocks may decline after commodity prices fell overnight, however. At 0706 AEDT on the Sydney Futures Exchange, the June share price index futures contract ...

Investec takes to the air

RUTH LIEW  |  TUESDAY, 1 APR 2008
Specialist banking group Investec has raised its stakes in the aircraft leasing business with the launch of the Investec Global Aircraft Fund - its first institutional offering to the Australian market. According to a statement released by Investec ...

Short selling faces revamp

RUTH LIEW  |  MONDAY, 31 MAR 2008
Rules surrounding short selling in Australia look set to undergo a major overhaul following revelation that the crucial practice is effectively unregulated. The key problem, according to Senator Sherry, minister for superannuation and corporate law ...

ASIC investigates Opes Prime

MICHAEL HOBBS  |  FRIDAY, 28 MAR 2008
Opes Prime Stockbroking is under investigation by the Australian Securities and Investments Commission (ASIC) after the firm found a number of cash and stock movement irregularities in a small number of accounts. ASIC has created a team, which will ...

MFS morphs into GEO

RUTH LIEW  |  FRIDAY, 28 MAR 2008
MFS Diversified Limited has been renamed to GEO Property Group as security holders yesterday gave the green light for a name swap. The firm flagged the change last month in a bid to distance itself from it's troubled listed business, MFS Limited. "This ...

That's life, four pillars to stay forever

ALEX DUNNIN  |  FRIDAY, 28 MAR 2008
April 1st came early this year with the Reserve Bank, the Productivity Commission and the National Trust of NSW making some of their most incredible public statements ever. High interest rates and bank rates jumping above the Reserve's official benchmark ...