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| | | Banking giant HSBC, which runs a $414 billion-plus investment management arm, is setting up a wholesale wealth management business in Australia. HSBC's newest business will be led by ex-Barclays Global Investors head of sales, consulting relationships ... |
| | | | The Australian share market was lower at noon as major miners Rio Tinto and BHP Billiton fell following declines in base metals prices overnight. At 1200 AEST, the benchmark S&P/ASX200 index was down 36.1 points, or 0.68 per cent, at 5,253.9 while the ... |
| | | | The Australian share market is expected to open lower after industrial metals and gold fell in overnight trading. At 0750 AEST on the Sydney Futures exchange, the September share price index was down 13 points at 5,264. In company news today, Brambles ... |
| | | | Ascalon Capital Managers continues its strategy to buy strong financial services firms, after purchasing a 50 per cent equity stake in high conviction investment manager, Sigrun Asset Management. Sigrun is a quant manager that uses behavioural finance ... |
| | | | US-based Teachers' Retirement System of the State of Illinois (TRS) pours $1.26 billion of new funds into private equity after its $2.3 billion investment in the sector turned to be a money spinner returning 23 per cent in the year to March. TRS confirms ... |
| | | | The Australian share market had recovered at noon to edge into the black as strength in the resources sector offset weakness in financials. At 1200 AEST, the benchmark S&P/ASX200 index was up 9.3 points, or 0.17 per cent, at 5434.5, while the broader ... |
| | | | The just released minutes of last month's Reserve Bank Board meeting show that while the board believes the economy is slowing, the rising terms of trade is pushing the economy hard in the opposite direction. "Board members noted that the bulk of indicators ... |
| | | | IOOF has bought a 13 per cent stake in boutique property investment fund manager MacarthurCook. In a statement released last Friday on the Australian Securities Exchange, MacarthurCook confirmed that it would form a "strategic investment management ... |
| | | | The Australian Government's Export Finance and Insurance Corporation's (EFIC) latest report asserts emerging East Asian economies will endure a global economic slowdown due to growing domestic demand and rising intra Asian trade levels. Roger Donnelly ... |
| | | | The Australian share market shifted downward at midday, driven by heavy losses in the financial sector and only slight gains in the mining sector. At 1200 AEST, the benchmark S&P/ASX200 index was down 25.2 points, or 0.47 per cent, at 5304, while the ... |
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