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Market Wrap - Midday

AAP  |  FRIDAY, 1 JUL 2011
The Australian dollar was softer at noon, as weak Chinese manufacturing data offset lingering positive sentiment over the Greek austerity vote. At 1200 AEST, the Australian dollar was trading at 106.91 US cents, down from 107.40 US cents on Thursday. ...

Market Wrap - Morning

AAP  |  FRIDAY, 1 JUL 2011
The Australian share market is likely to open stronger for the fourth successive day, following more rallies overnight as the Greek parliament confirmed its austerity drive. At 0715 AEST, the September share price index futures contract was up 19 points ...

Pigs may fly but they won't default

BENJAMIN ONG  |  THURSDAY, 30 JUN 2011
... carbon tax and the resources rent tax! That's a freebie for you, Julia. But wait there's more. Greece is also holding a garage sale. I counted 42 assets with the "for sale" sign on its medium-term fiscal strategy report. And yet, despite this massive ...

Just do it

BENJAMIN ONG  |  WEDNESDAY, 29 JUN 2011
Just do it! For all the positive spins given to explain the big gains on Wall Street overnight, it's probably Nike that did it. Cyber reports speak of the Germans now being in tight with the French and agreeing to swap a big portion of their banks' ...

Russell hires 35 new staff, makes three senior appointments

ALISON BEVEGE  |  TUESDAY, 28 JUN 2011
Russell Investments has made three new senior appointments and hired 35 staff in a strategic expansion. Former MLC head of business development Christine Cameron has been appointed managing director of institutional sales at Russell where she will drive ...

Company streamlines pension transfers from UK to Australia

ALISON BEVEGE  |  TUESDAY, 28 JUN 2011
A new company has harnessed cloud computing software to connect financial advisers to pensions experts in the UK to streamline the process of transferring UK pensions to Australia. According to the Australian Bureau of Statistics, there were 1.04 million ...

Better second half

BENJAMIN ONG  |  TUESDAY, 28 JUN 2011
... a bit more by passing another set of austerity measures, amounting to around 28.6 billion euros - and conducting a garage sale of its assets that is estimated to fetch some 50 billion euros. The hope is that the Greek parliamentarians will else, else ...

Bendigo Wealth expands, restructures with seven senior appointments

ALISON BEVEGE  |  FRIDAY, 24 JUN 2011
Bendigo Wealth has restructured to prepare for the future of financial advice reforms with a raft of new appointments and new products on the way. The wealth management arm of the Bendigo and Adelaide Bank, officially launched in April, has taken a ...

Market Wrap - Midday

AAP  |  FRIDAY, 24 JUN 2011
The Australian share market defied a weak offshore lead to make marginal gains in opening trade, buoyed by strength in materials and financials stocks. At 1013 AEST, the benchmark S&P/ASX200 index was up 6.9 points, or 0.15 per cent, at 4,507.4, while ...

Australian Unity supporting advisers with appointment

ELISE BURGESS  |  FRIDAY, 24 JUN 2011
Fund manager Australian Unity has created a new national adviser solutions manager role and appointed former UK senior player, Simon Reed. A new business development manager for Victoria and Tasmania has also been appointed. Reed will be responsible ...