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Daily economic update

US retail sales dropped by 1.3 per cent in February with ex autos falling by 0.4 per cent. Expectations were for a decline of 0.8 per cent and 0.5 per cent, respectively. January sales figures were revised up to show a rise of 2.9 per cent from a gain ...

Daily economic update

The National Australia Bank's (NAB) latest monthly business survey shows improvement in domestic business conditions and confidence. The NAB business conditions index increased to 10 points in February from eight in the previous month while the index ...

Measure super choice the right way: InvestmentLink

Super choice is alive and kicking hard, but its being driven by people taking their old fund to their new employer rather than by traditional rollovers. Latest figures from superannuation information hub specialist InvestmentLink confirm that in just ...

Local and global equities fuel returns: SelectingSuper

Superannuation and allocated pension fund members' returns have risen in the year ended January 2006 thanks to the strength of the local equities market and the rebound of international equities. According to the latest SelectingSuper performance index ...

Daily economic update

A stronger than expected increase in employment provided some good news to the Australian economy which had been fluxed with disappointing activity data over the past few weeks. The Australian Bureau of Statistics (ABS) reported that the economy added ...

Australians are starting their retirement saving too late: Citibank

Citibank research has revealed that 19 per cent of semi or fully retired Australians have no retirement savings, while 44 per cent of retirees regret not starting to save for their retirement much earlier. The staggering numbers are revealed in the ...

Exec option hedging may remove incentive

The emerging practice of executives hedging the equity option component of their remuneration may remove their performance incentive, an Institutional Shareholder Services (ISS) conference heard. Amongst other things, investors were warned be skeptical ...

Weekly economic round-up

The Reserve Bank of Australia (RBA) will decide to keep interest rates steady at 5.5 per cent after its Board meets to deliberate on monetary policy tomorrow. Last week's domestic data releases has ensured this outcome and increased the probability ...

Daily Economic Update

Australian building approvals disappointed market expectations for a 1.5 per cent rise in January and instead posted a 1.9 per cent decline. The recent figure, coming on top of a 3.5 per cent drop in the previous month, reflects the continued pessimism ...

Daily Economic Update

Latest National Accounts figures show that the Australian economy grew by a lower-than-expected 0.5 per cent in the December quarter - boosting expectations of continued steady interest rates in the near term. This followed an upwardly revised 0.3 per ...