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Daily economic update

Australian Bureau of Statistics figures show that sales of new motor vehicles rose by 0.8 per cent to 81,096 units in December. Sales of sports utility vehicles rose by 8.1 per cent during the month, sales of 'other' vehicles increased by 1 per cent ...

Weekly economic round-up

Last week's Australian economic data releases were mainly second-tier but nonetheless gave further evidence that domestic monetary policy will remain on hold in the near term. For instance, while the Australian Bureau of Statistics (ABS) lending finance ...

Daily economic update

The Australian Bureau of Statistics (ABS) today released lending finance figures for November. The figures showed commercial and lease finance commitments rising during the month while personal borrowing fell. The value of total commercial finance commitments ...

2006 market conditions will suit value investing: Tyndall

Tyndall, Standard and Poor's 2005 fund manager of the year, is warning that bonds would give few returns and equities may remain "overpriced" and these conditions will suit value managers. Bob Van Muster, head of equities, said as value managers Tyndall ...

Daily economic update

The slowdown in the Australian property market continues. According to figures released today by the Australian Bureau of Statistics (ABS) the total value of dwelling finance commitments -- excluding alterations and additions -- fell by 0.4 per cent ...

Labor's super plans costly, complex and a disincentive: Liberals

The Liberal Party has attacked Labor's plans to phase out superannuation contributions tax for some people as "extraordinarily complex and costly." Assistant Treasurer, Mal Brough, said yesterday that Labor's plan to phase out the contributions tax ...

Door opens on IFRS - or is it the floodgates?

WWW.THESHEET.COM  |  MONDAY, 16 JAN 2006
The International Accounting Standards Board has bowed to criticism of the new International Financial Reporting Standards and agreed to re-open a debate on some of the basics of financial reporting, according to the UK Financial Times. Tom Jones, vice-chairman ...

Daily economic update

The Australian economy added 2,100 jobs in December, taking the total number of employed persons to 10.033 million from 10.031 million in the previous month. Full-time employment decreased by 4,800 to 7.141 million while part-time employment increased ...

Overseas investing to reach 40 per cent: ING

The trend towards investing globally will only strengthen further with ING predicting that the amount invested overseas by superannuation and investment funds will increase from around 25 per cent to as much as 40 per cent by 2010. ING's CEO Grant Bailey ...

First Choice tops $20b

Lower fees, shorter transaction turnarounds and client reporting times all helped FirstChoice finish the year with a record $20 billion in funds under management. "Our success has been built on a simple premise - we offer competitive fees, a focused ...