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This Week's Market Movers (21-25 July 2008)

BENJAMIN ONG  |  MONDAY, 21 JUL 2008
The week ahead will be a busy one, giving financial markets plenty of information to discern the near-term outlook for growth and inflation. Australia: The Australian Bureau of Statistics release of the Consumer Price Index (CPI) report for the June ...

CFS GAM rides $1bn infra wave

MICHAEL HOBBS  |  WEDNESDAY, 16 JUL 2008
Colonial First State Global Asset Management (CFS GAM) remains bullish on domestic and international unlisted infrastructure assets after attracting approximately $1 billion in new infrastructure mandates in nine months. Although the firm would not ...

Fed Gloom

BENJAMIN ONG  |  WEDNESDAY, 16 JUL 2008
Market Movers Overnight (16 July) Fed Gloom US Federal Reserve Chairman Ben Bernanke's testimony before the US Congress last night catapulted the Australian dollar to a 25-year high in overnight trading. The Australian dollar broke above the US$0.9800 ...

Russell and Mercer lead MM pack

MICHAEL HOBBS  |  TUESDAY, 15 JUL 2008
Lonsec's annual review of the multi manager sector resulted in only two of out of 16 managers achieving a 'highly recommended' rating. Russell and Mercer were awarded 'highly recommended' ratings, while BT, AXA, Challenger, ipac, Optimix, MLC and Skandia/Intech ...

KiwiSaver to drive fin literacy

RUTH LIEW  |  MONDAY, 14 JUL 2008
Gen X and Y Kiwis will be much more financially savvy than their predecessors because of the KiwiSaver scheme, predicts BT Funds Management. The New Zealand arm of BT Funds Management claims that in less than 20 years, an increasing number of young ...

This Week's Market Movers (14-18 July 2008)

BENJAMIN ONG  |  MONDAY, 14 JUL 2008
Macroeconomic indicators set for release this week are not expected to deviate from the ongoing global theme of slowing growth and higher inflation. Australia Reserve Bank of Australia (RBA) Governor Glenn Stevens address on the "Challenges for Economic ...

Investors influence credit ratings

RUTH LIEW  |  WEDNESDAY, 9 JUL 2008
Credit rating agencies are bowing to the pressure of investors, issuers, and underwriters to change their ratings, a new survey shows. A recent member opinion poll conducted by the CFA Institute found that 11 per cent of those surveyed witnessed a CRA ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 JUL 2008
The Australian share market is expected to open higher today after US equities gained as the oil price fell and the Federal Reserve chairman indicated the central bank was likely to extend emergency loans to investment firms. Mining and energy stocks ...

Ex-TGM chief economist moves to QIC

MICHAEL HOBBS  |  TUESDAY, 8 JUL 2008
Institutional fund management giant, QIC, appointed Matthew Peter to chief economist. Prior to this appointment, Peter was director of investment strategy at specialist global macro manager, Tactical Global Management (TGM). Peter replaces the firm's ...

Market Movers Overnight (8 July)

BENJAMIN ONG  |  TUESDAY, 8 JUL 2008
Economic data releases overnight give further confirmation that the slowdown in the United States is spreading to other major world economies. German industrial production fell by 2.4 per cent in May from the previous month - the largest drop in nine ...