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| | | European Central Bank president Mario Draghi appears to have dragged out his promised action on monetary policy long enough. While the ECB announced no changes in monetary policy after its Governing Council meeting last night - the benchmark rate at ... |
| | | | The National Australia Bank (NAB) wealth division has reported flat earnings in the first results following the appointment of Cameron Clyne as chief executive. NAB Wealth cash earnings were $174 million for the half year ending on March 2013, the company ... |
| | | | ... banks, ANZ rose 17 cents to $33.94, Commonwealth Bank was up 52 cents to $79.07 and Westpac was 33 cents higher at $34.83. The big miners were also higher, with BHP Billiton up 50 cents at $37.67 and Rio Tinto had lifted 76 cents to $61.36. Rail operator ... |
| | | | The Australian market looks set to open higher after Wall Street mostly gained following more conciliatory statements by Russia's president amid the Ukraine crisis and the Federal Reserve chair's Congressional testimony. At 0645 AEST on Thursday, the ... |
| | | | ... overseas markets and uncertainty about what will be contained in next week's Federal budget. "The federal budget is having a big dampening impact on buying in the market, and until that is done and dusted there's less likelihood people, in particular ... |
| | | | ... FoFA, we can see no benefit to the public but clear advantage to an ever-tightening grip on financial intermediation by the big four banks and other large multi-product financial institutions," Neilson said. The Financial Planning Association (FPA) said ... |
| | | | Total funds in the Australian exchange traded fund (ETF) market surged to $11.13 billion in April, an almost 50% increase from 12 months ago. According to the latest ASX Funds Monthly Update, over $1 billion has flowed into ASX-listed in 2014, with ... |
| | | | Regulatory and legislative change has taken over concerns about brand and image as the biggest risk for Australian businesses in 2014. An Aon Australasian Risk Survey saw fears of regulatory and legislative change jump from third to first position in ... |
| | | | ... the custody market has become. The type of super funds involved is also telling. Cbus, HOSTPLUS, REST and Sunsuper are all big, successful funds with strong brands. These funds are better placed to withstand the pressure to consolidate than most. Custodians ... |
| | | | ... payrolls advanced by 273K in April after gaining 202K in the previous month. Wait! There's more. The unemployment rate dropped - big time - to 6.3% from 6.7% in March and the U-6 unemployment rate -- or what the BLS term as a measure of "labor underutilization ... |
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