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NAB financial planner guilty of fraud

HAMISH MADDEN  |  TUESDAY, 30 MAY 2006
A former NAB financial planner has pleaded guilty to 13 criminal counts of dishonest conduct and fraud in the District Court of NSW. Paul Drakos, from the Central Coast in NSW, yesterday entered a guilty plea to eight counts of dishonestly obtaining ...

Our master is the government: FF boss

ALEX DUNNIN  |  MONDAY, 29 MAY 2006
The Future Fund is the government's money and it is the boss, said Future Fund chairman David Murray in an interview yesterday. Speaking on ABC TV, Murray said this also means the Government can dictate what shares are placed into the Fund, even though ...

Market wrap

AAP  |  FRIDAY, 26 MAY 2006
The Australian share market is expected to open higher following a positive lead from Wall Street and stronger base metal prices, on the day companies such as Babcock and Brown, Australian Agricultural Company and Colorado Group, hold their annual general ...

MLIM funds on hold but Rock solid

Merrill Lynch Investment Management (MLIM) managing director, Maurice O'Shannassy, spoke out after ratings firm S&P placed two MLIM funds on hold following management changes. S&P said yesterday that the Merrill Lynch Wholesale Global Small Cap fund ...

Market wrap

AAP  |  THURSDAY, 25 MAY 2006
The Australian share market is expected to give back a large portion of the gains made yesterday as commodity prices reversed track, sending offshore equities markets lower and setting the scene for further local retracement. On the Sydney Futures Exchange ...

Market wrap

AAP  |  TUESDAY, 23 MAY 2006
The Australian share market should open marginally firmer as a slight rebound in base metals and oil prices and some expected bargain hunting help put a floor under a market which has been pummelled in recent days. On the Sydney Futures Exchange, the ...

SnowyHydro snow job?

ALEX DUNNIN  |  MONDAY, 22 MAY 2006
Pre-registrations for the anticipated $3 billion SnowyHydro initial public offering may be open today but resistance to the sale shows no signs of watering down. SnowyHydro is the NSW and Victorian irrigation and hydro electric power scheme that channels ...

Print Super rolls out insurance sweeteners

HAMISH MADDEN  |  FRIDAY, 19 MAY 2006
Print Super has announced significant improvements to its death and total and permanent disability cover for members, as well as a reduction in the cost of salary continuance insurance. The board of the Printing Industry Superannuation Fund, which manages ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 19 MAY 2006
The pattern of it's on again off again - rate hikes that is - continues in the US. Financial markets settled down slightly overnight following calming words by US Federal Reserve officials. Equity and bond markets tumbled yesterday following the release ...

Market wrap

AAP  |  FRIDAY, 19 MAY 2006
In SYDNEY, the Australian share market should open weaker today as softer base and precious metal prices, as well as a weak lead from the US markets, suggest a continuation of yesterday's fall. However, given the sharp declines in the local market this ...