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Daily Economic Update

The Australian Bureau of Statistics reported that average weekly ordinary time earnings (AWOTE) for adult full-time employees rose by 1.3 per cent in the August quarter, taking the year-on-year rate to 6.3 per cent. Private sector average weekly ordinary ...

Daily Economic Update

Japan's current account surplus widened by a stronger-than-expected 6.5 per cent to Y1.86 trillion (US$15.8 billion) in the year to September, boosted by an 8.9 per cent rise in exports to record levels. Rising exports, combined with climbing consumer ...

Millenium 3 buys Synergy

ING-owned financial planning group Millenium 3 Financial Services has bought fellow Queensland-based financial planning firm Synergy Financial Services Group. Millenium 3 is yet to announce the acquisition to the public with ING and Millenium 3 declining ...

Daily economic update: Consumer confidence rebounds

The Westpac/Melbourne Institute index of consumer sentiment has rebounded sharply, rising by 9 per cent in November. This partially recoupes the 1.6 per cent and 13.4 per cent fall registered in October and September. Stable domestic interest rates ...

Weaven trumpets industry fund growth figures

Industry Fund Services executive chair, Garry Weaven, says industry funds have grown 'significantly' post-choice. In figures released today Weaven showed increases in both industry fund's membership and funds under management over the six month period ...

Survey reveals ICs matching the benchmark

The September quarter results for the Counterpoint/Rainmaker implemented consulting (IC) survey reveal ICs are yet to show any noticeable outperformance over single-managers. Counterpoint's John Parrish said the survey results underpin the idea that ...

SMS technology paving the way

Technology is continuing its push into how we handle transactions and its only a matter of time before wealth management service providers follow suit. Though yet to revolutionise how investors or super fund members are kept informed of transaction ...

Market wrap

AAP  |  FRIDAY, 4 NOV 2005
The Australian share market is expected to continue its recent positive momentum, extending further gains, particularly in the energy sector. With the local market having a strong session yesterday, oil prices rose sharply overnight, suggesting further ...

CommInsure joins life insurance innovators

CommInsure is another insurer that has responded to market pressure to innovate with its launch of a hybrid insurance annuity product that blends traditional annuities with market linking. CommInsure Managing Director, Simon Swanson, describes the product ...

Market wrap

AAP  |  WEDNESDAY, 2 NOV 2005
SYDNEY - the Australian share market is expected to open slightly weaker as softer base and precious metal prices hit the local resources sector, although stock-specific news over the rest of the week will be a key driver for the domestic bourse. On ...