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Daily economic round-up

PETER BELL  |  TUESDAY, 5 DEC 2006
The three interest rate hikes this year in May, August and November have taken their toll on the housing industry, according to the latest figures released by the Australian Bureau of Statistics. Building approvals data shows that on a seasonally adjusted ...

Devote 20 per cent or more to direct property: ADPIA

HAMISH MADDEN  |  TUESDAY, 5 DEC 2006
... liquid - that's a given. But do I need to have all my portfolio liquid? The answer is no. For certain people and certain funds yes, but for the vast majority of investors, no," Atchison explained. Atchison also noted that diversification in direct property ...

Multiple super accounts wasting billions in fees: CHOICE

ALEX DUNNIN  |  FRIDAY, 24 NOV 2006
Consumers waste up to $2 billion per year in fees on unnecessary multiple accounts and it's time something was done about it, CHOICE said in watershed report released yesterday. The report by the peak consumer group CHOICE, The Super Secret: how multiple ...

Daily economic round-up

PETER BELL  |  FRIDAY, 24 NOV 2006
The criticism raised yesterday by the Catholic Social Services Australia (CSSA) and the Salvation Army's Employment Plus that the structure of the Federal Government's job network in allocating more assistance to long-term unemployed was giving them ...

Market wrap - morning

AAP  |  THURSDAY, 23 NOV 2006
The Australian sharemarket is expected open softer on some weaker metals prices and a sluggish offshore lead with takeover activity continuing to dominate investors' focus. On the Sydney Futures Exchange at 0646 AEDT, the December share price index ...

Advisers are like architects: AFA

ALEX DUNNIN  |  WEDNESDAY, 22 NOV 2006
In debates about advice, regulation and meeting consumer needs, the toughest thing has been explaining to consumers what advisers actually do. Richard Klipin, chief executive of the Association of Financial Advisers (AFA), yesterday told the Parliamentary ...

Market wrap - morning

AAP  |  WEDNESDAY, 22 NOV 2006
The Australian sharemarket is expected open stronger following an across-the-board rally in commodity prices and a better Wall Street lead. On the Sydney Futures Exchange at 0726 AEDT, the December share price index contract was up 10 points at 5,384. ...

AMP Capital Investors opens door to China securities

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
AMP Capital Investors is hoping to raise $280 million for its new AMP Capital China Growth Fund, giving investors access to China A shares normally off limits to Australian investors. China A shares are equities listed on the Shanghai or Shenzhen stock ...

Market wrap - midday

AAP  |  TUESDAY, 21 NOV 2006
The Australian stock market was stronger at noon with bargain hunters pushing the bourse into positive territory after yesterday's heavy sell down. At 1203 AEDT, the benchmark S&P/ASX200 index was up 49.4 points to 5371.8, while the all ordinaries gained ...

Market wrap - morning

AAP  |  TUESDAY, 21 NOV 2006
The Australian sharemarket is expected open slightly higher as stronger metals prices overnight helped offset a weaker Wall Street lead. On the Sydney Futures Exchange at 0735 AEDT, the December share price index contract was up six points at 5,301. ...