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Daily economic update

BENJAMIN ONG  |  FRIDAY, 9 JUN 2006
The almost simultaneous interest rate hikes by six central banks over the past two days drive home the point that rising inflation is a global problem. The move towards tighter monetary policy started with a surprise 175 basis point rate hike by the ...

Market wrap

AAP  |  FRIDAY, 9 JUN 2006
The Australian share market is expected to open weaker as commodity prices continued to retreat and mining stock weakness in the UK overnight raises the spectre of further losses on the domestic bourse. While the market is not expected to repeat yesterday's ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 8 JUN 2006
Today's strong Australian employment report is consistent with a strengthening growth trend in the economy but it is also increasing the bias towards further RBA rate hikes. Following yesterday's faster-than-expected 0.9 per cent growth in March quarter ...

Market wrap

AAP  |  THURSDAY, 8 JUN 2006
The Australian share market is expected to open lower, as falls on Wall Street and a weaker oil price set a negative tone for the local bourse. On the Sydney Futures Exchange the June share price index contract was down 27 points at 5002. On the day ...

Pillar to get $4.5 million IT upgrade

ALEX DUNNIN  |  WEDNESDAY, 7 JUN 2006
Super fund administrator Pillar is to get a $4.5 million IT hardware and data storage upgrade. The development initiative was announced in yesterday's NSW Government Budget. Pillar is wholly owned by the NSW Government. In its Budget statements, the ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2006
The Reserve Bank of Australia (RBA) kept the official cash rate target steady at 5.75 per cent following yesterday's Board meeting. Financial markets widely expected the move this time, unlike the controversial 25 basis point hike announced last month. ...

Govt will not ban commissions: Pearce

KATE HAGE  |  WEDNESDAY, 7 JUN 2006
The Government will not step in and ban commission-based remuneration, said the Parliamentary Secretary to the Treasurer, Chris Pearce, who urged the advisory industry to sort it out among themselves. Speaking at an Investment and Financial Services ...

Market wrap

AAP  |  WEDNESDAY, 7 JUN 2006
The Australian share market is expected to open sharply weaker, weighed down by heavy stock market falls globally after the US Federal Reserve hinted at a hike in interest rates. On the Sydney Futures Exchange the June share price index contract was ...

A new frontier in asset consulting

KATE HAGE  |  FRIDAY, 2 JUN 2006
Asset consulting has changed so much so that through the sheer volume of new managers it has become a process of elimination and negative screens, according to key industry delegates. Speaking at yesterday's Rainmaker Marketing Symposium, Fiona Trafford ...

Platforms: here today, gone tomorrow

KATE HAGE  |  FRIDAY, 2 JUN 2006
New asset consulting frontier Kate Hage 315 Asset consulting has changed so much so that through the sheer volume of new managers, it has become a process of elimination and negative screens, according to key industry delegates. Speaking at yesterday's ...