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Market Wrap AM

AAP  |  WEDNESDAY, 6 MAY 2015
... its third quarter sales results. In Australia, the market on Tuesday gave up all of its gains from earlier in the day to close flat after investors were downbeat about the Reserve Bank of Australia's assessment of the economy. The benchmark S&P/ASX200 ...

Market Wrap AM

AAP  |  TUESDAY, 5 MAY 2015
... positive momentum from last week's rally. The Dow Jones Industrial Average gained 46.34 points (0.26 per cent) on Monday to close at 18,070.40. The broad-based S&P 500 advanced 6.20 points (0.29 per cent) to 2,114.49, while the tech-rich Nasdaq Composite ...

Suspended SIV scheme raised $3bn

MARK SMITH  |  THURSDAY, 30 APR 2015
More than $3 billion has been invested in Australia via the Significant Investor Visa (SIV) program, which was temporarily suspended last week. Australian Department of Immigration and Border Protection statistics show that $3.255 billion has been invested ...

Modi under the spotlight

LAURA MILLAN  |  THURSDAY, 30 APR 2015
When India Prime Minister Narendra Modi visited Australia in November 2014, he sparked such enthusiasm among politicians and citizens that for a few days all we could see in the media was his friendly, bearded smile. Indian citizens in Australia were ...

Centuria acquires ATP building

STAFF WRITER  |  THURSDAY, 30 APR 2015
... minimal risk of capital expenditure, which make it a key draw card for investors looking for a high quality core investment close to the Sydney CBD. "CBD markets currently provide limited acquisition opportunities, coupled with historically low yields," ...

Market Wrap AM

AAP  |  THURSDAY, 30 APR 2015
... Federal Reserve's latest monetary policy meeting. Frankfurt's blue-chip DAX 30 index plunged 3.21 per cent on Wednesday to close at 11,432.72 points, while the CAC 40 in Paris lost 2.59 per cent to 5,039.39 points. London's benchmark FTSE 100 fell 1.20 ...

Negative Chinese news clouding opportunity: Wells Capital

MARK SMITH  |  WEDNESDAY, 29 APR 2015
A focus on dividends and the country's increasing weight in global indices mean Wells Capital emerging markets equity portfolio manager Alison Shimada is relaxed about negative media coverage and investor sentiment in China. Shimada says financial deregulation ...

Industry meets behind closed doors to fix advice

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
Assistant Treasurer Josh Frydenberg and over 20 industry and consumer bodies met on April 29th to reach a consensus on lifting professional, ethical and education standards for financial advisers. The roundtable is the first of three and will focus ...

Market Wrap AM

AAP  |  WEDNESDAY, 29 APR 2015
... resurfaced over Greece reaching a debt deal with its EU-IMF creditors. London's benchmark FTSE 100 slid 1.03 per cent to close at 7,030.53 points, with investor outlook also taking a knock from disappointing British growth data ahead of next week's general ...

DMP reshuffles management

ALEX BURKE  |  TUESDAY, 28 APR 2015
DMP Asset Management has restructured its executive team, appointed a new senior fund manager and added a new director to its board. Allison Hill, previously a senior consultant at Frontier Advisors, has become chief executive officer and former Antares ...