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Australian shares up on first day of fin year

AAP  |  WEDNESDAY, 1 JUL 2015
The Australian share market has begun trading in the new financial year with gains with investors appearing happy to take a break from the recent sell-offs. The Greek debt crisis is not yet resolved but hope remains of a resolution with talks with Eurozone ...

Market to open lower

AAP  |  WEDNESDAY, 1 JUL 2015
The Australian market looks set to open lower, following lifts on Wall Street but falls on European markets as investors await the next move in Greece's debt crisis. At 0800 AEST on Wednesday, the June share price index futures contract was down 29 ...

Australian shares lower at midday

AAP  |  TUESDAY, 30 JUN 2015
... financial year, end of the quarter and month will add to volatility and unpredictability in trading on Tuesday as fund managers close out positions. ANZ fell eight cents to $31.99, Westpac declined 13 cents to $31.89, Commonwealth Bank fell 11 cents ...

D-day

BENJAMIN ONG  |  TUESDAY, 30 JUN 2015
... that Australian equities will fall by another 0.6% today, at least at the open (that's all?). How the All Ordinaries index close today is anybody's guess. It's already lost 2.2% yesterday - the biggest one-day drop since 6 May (for stat lovers out there) ...

Australian market set for further falls

AAP  |  TUESDAY, 30 JUN 2015
Investors are bracing for further slides on the Australian sharemarket as Greece heads towards a default on its debt that could lead to its exit from the eurozone. The futures market suggests the S&P ASX/200 will open around 0.6 per cent lower on Tuesday ...

Pension funds loading up on alternatives: BIS

DARREN SNYDER  |  MONDAY, 29 JUN 2015
... Australia, Canada and Norway eased "as inflation declined along with commodity prices, even though core inflation remained close to target. They also faced the prospect of weaker economic activity as commodity-producing sectors were adversely affected ...

TCorp becomes $70bn investment giant

DARREN SNYDER  |  MONDAY, 29 JUN 2015
NSW Treasury Corporation (TCorp) has become one of Australia's top 10 asset managers after State Super outsourced its funds management activities to the now $70 billion investment giant. This is the latest phase of an amalgamation process that started ...

Market set to open higher

AAP  |  MONDAY, 29 JUN 2015
... collapsed on fears Chinese stocks are overvalued after a year-long advance. Tokyo fell 0.31 per cent, or 65.25 points, to close at 20,706.15, while Sydney shed 1.54 per cent, or 86.80 points, to 5,545.90. Shanghai plunged 8.5 per cent at one point, its ...

Trowbridge salutes risk reforms package

ALEX BURKE  |  FRIDAY, 26 JUN 2015
Life Insurance and Advice Working Group (LIAWG) chair John Trowbridge has applauded the industry-led risk reforms package. After the industry bodies behind the LIAWG - the Association of Financial Advisers, Financial Planning Association of Australia ...

PwC acquires Smorgon family office business

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
PwC has acquired David Smorgon's family office business, Pointmade, in a bid to bolster its family wealth division. Following the acquisition, David Smorgon was appointed executive chairman of PwC's family, business and wealth practice in private clients. ...