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Bad news day

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2015
"I got chills, they're multiplying." Risks are again off the table as the bad news flow keeps on flowing. Most of them we already know and some are just coming to the fore. The uncertainty over the "when" of the Fed's first step towards policy normalisation. ...

European managers in property buying spree

LAURA MILLAN  |  MONDAY, 21 SEP 2015

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
The Australian Institute of Superannuation Trustees (AIST) is opposing reduced penalties for employers not meeting their compulsory super guarantee payments to employees. Draft legislation A introduced by former federal small business minister Bruce ...

Not happy Jan

BENJAMIN ONG  |  MONDAY, 21 SEP 2015
"Not happy, Jan!" This was Wall Street's immediate verdict on the Fed's disclosure of its non-decision following the much-awaited and much speculated 16-17 September FOMC meeting. The S&P 500 index declined by 1.6%; the Dow by 1.7%; Nasdaq by 1.4% ...

Link Group shuffles board

ALEX BURKE  |  WEDNESDAY, 16 SEP 2015
Link Group has restructured its board ahead of a rumoured IPO. Following on from speculation that Link was preparing to float - valued by Macquarie Capital at up to $3 billion - it has appointed director Michael Carapiet as its new independent chairman ...

FinaMetrica in robo advice deal with Swiss private bank

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
... enterprise clients," FinaMetrica co-founder and director Paul Resnik said. "NBK's private banking clients on average invest close to US$5 million, despite the popular myth that most people using robos invest much smaller amounts of money," Resnik added. ...

PractiFI expands with $1.3m seed funding

ALEX BURKE  |  MONDAY, 14 SEP 2015
Financial advice practice administration platform PractiFI has closed its seed funding round after raising capital to expand overseas. PractiFI raised $1.3 million in angel investor funding from Australia, Malaysia, the UK and US. "We are hugely excited ...

Super becoming the fifth estate

ALEX DUNNIN  |  MONDAY, 14 SEP 2015
After finishing school in 1979 and before I started university I worked for three months as a kitchen hand in the New Zealand tourist resort of Milford Sound. On my half days off each week I would sometimes join one of the launch cruises that would ...

The moment of truth cometh

BENJAMIN ONG  |  MONDAY, 14 SEP 2015
... eased to 1.2% in the year to July from 1.3% in the previous month. This is almost where inflation expectations are. At the close of last week's trading the yield differential between the nominal 5-year US Treasury bond and 5-year Treasury Inflation Protected ...

UBS hires Zenith, BlackRock senior execs

LAURA MILLAN  |  THURSDAY, 10 SEP 2015
UBS Global Asset Management has expanded its team in Australia with the appointment of a fixed income investment specialist from Zenith and a national sales manager from BlackRock. Jonathan Baird will join UBS's Sydney fixed income team as investment ...