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Economic Roundup

Increased volatility continued to be the name of the game during last week's financial market trading activity. Inflation and its attendant consequence on monetary policy - read higher interest rates -- remained the major cause for recent investor trepidation. ...

Market wrap

AAP  |  MONDAY, 31 OCT 2005
SYDNEY - the Australian share market is expected to open firmer as a recovery in US markets is expected to override weakness in commodities to ensure a bright start to the week for the domestic bourse. On the Sydney Futures Exchange, the December share ...

Industry funds hit back at FPA ad campaign

Industry Funds have been stung by claims they don't offer advice and have come out fighting against the new Financial Planning Association (FPA) advertising campaign. A statement released by Garry Weaven, Executive Chair of Industry Funds Services says ...

Inflation surges but interest rates should stay put

Inflation has now reached the upper limit of the Reserve Bank of Australia's (RBA) tolerance range, but the surge in inflation is slower than expected. The Australian Bureau of Statistics (ABS) reported that the consumer price index (CPI) rose by 0.9 ...

More women bring home the bacon: NAB

The number of wealthy women is growing at a faster rate than for men said the private banking arm of National Australia Bank (NAB). One of the largest banks in the country has reported their private banking division saw a 5 percent rise in the number ...

Platypus leads pack with 44.4 per cent return

A little-known Sydney-based fund manager Platypus Asset Management has beaten the big guns to take the top spot in Intech's fund manager performance league tables this year. According to Intech's figures on the best performers in the Australian equities ...

ASIC gets active against small companies

Financial services watchdog ASIC has ramped up regulatory actions against people misleading creditors and consumers. ASIC has announced that it has successfully prosecuted 109 company officers and imposed more than $221,000 in fines and costs in the ...

Weekly economic roundup

Australian financial markets largely ignored second-tier domestic data released last week in favour of the more market moving decisions by the US Federal Reserve and by the Organisation of Petroleum Exporting Countries (OPEC). Last week, the US Federal ...

Global investor confidence drops in September: State Street

State Street's Investor Confidence Index revealed that global investor confidence is down 1.3 points this month, from August's reading of 85.3, after a substantial European drop affected global figures. Asia-Pacific's institutional investor's risk appetite ...

AXA's Andy Penn fights APRA ban

Axa Asia Pacific Holdings' senior executive Andy Penn has lodged an appeal against APRA's decision to ban him from running a superannuation fund. The super regulator's disqualification order against Penn came following its long-running investigation ...