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Morningstar's study on fund manager performance and characteristics

Morningstar has said that top-performing retail share funds for one year are not usually going to be those of the next, according to a new study published by the ratings house and commissioned by Vanguard Investments Australia. "The study show clearly ...

International merchandise imports reduces to $10.627 billion in July

The value of international merchandise imports into Australia reduced from $10.715 billion in June to $10.627 billion in July, the Australian Bureau of Statistics (ABS) said today. The biggest item on the bill was machinery and transport equipment at ...

Merchandise imports drop $88 million in July: ABS

Merchandise imports dropped $88 million to $10.63 billion in July, the Australian Bureau of Statistics (ABS) said today. There was a $400 million fall in the import of machinery and transport equipment, which fell to $4.97 billion. Imports of crude ...

CBA annual profit report could bring job agenda back

Job cuts could be back on the agenda when Commonwealth Bank of Australia Ltd reports an annual profit of close to $2 billion on Wednesday. Both analysts and staff expect an update from Australia's second biggest bank on a company-wide review of its ...

National wage cost index rises 0.6% in the June quarter: ABS

The Australian Bureau of Statistics (ABS) today released the latest figures on Australia's wage cost index for the June quarter, revealing a 0.6 per cent increase from the previous quarter. The change for the year was also highlighted as being 3.6% ...

Property investment loans rise again in June: ABS

WITH AAP  |  MONDAY, 11 AUG 2003
The Reserve Bank of Australia (RBA) said today the argument to cut interest rates had weakened over the last three months, as official figures confirmed the property investment boom showed no signs of slowing. Figures from the Australian Bureau of Statistics ...

AMP responds to demerger market speculation

WITH AAP  |  MONDAY, 11 AUG 2003
AMP chief executive officer Andrew Mohl today issued an update on the company's demerger proposal, in response to speculation about the business. "The uncertainty is understandable given the complexity of the proposed demerger and continuing uncertainty ...

Unemployment rate rises marginally in July

The unemployment rate across Australia rose from 6.1 per cent in June to 6.2% in July, or from 620,000 to 626,900, the Australian Bureau of Statistics (ABS) said today. The ABS also said that employment figures revealed that there were 55,200 less people ...

Stockland reports 74% drop in net profit for 2002-03

Stockland said today its takeover of AMP Diversified Property Trust (ADP) provided it with a strong platform going forward; despite posting a 74 per cent drop in net profit to $64.4 million for the year ended 30 June 2003. Included in this figure is ...

POF posts $92.5 million net profit

Takeover target Principal Office Fund (POF) said the Australian office market would begin to stabilise after its 2002/03 profit was hit by falling demand. POF posted a net profit of $92.5 million for the year ending 30 June 2003, down 6 per cent from ...