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ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Australian Securities and Investments Commission (ASIC) has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

Market Wrap AM

AAP  |  FRIDAY, 14 NOV 2014
... closed lower for a fourth straight day as banking and energy stocks weighed on the market.. The benchmark S&P/ASX200 index close 20.4 points, or 0.37 per cent lower, at 5,442.7. The broader All Ordinaries index was down 19.5 points, or 0.36 per cent ...

Insurance industry has trust issues

MARK SMITH  |  THURSDAY, 13 NOV 2014
Australian insurance companies rank second last for the level of trust their customers have in them, according to a new survey by EY. The global professional services company surveyed around 24,000 consumers from 30 countries. Australia recorded one ...

Market wrap AM

AAP  |  THURSDAY, 13 NOV 2014
The Australian market looks set to open lower after losses on Wall Street and European stock markets overnight. At 0715 AEDT on Thursday, the December share price index futures contract was down 10 points at 5,478. Locally on Thursday Reserve Bank assistant ...

Market Wrap AM

AAP  |  WEDNESDAY, 12 NOV 2014
The Australian market looks set to open lower following a subdued performance on Wall Street with both the Dow Jones Industrial Average and the S&P500 flat in late afternoon trading. At 0905 AEST on Wednesday, the December share price index futures ...

Bond experts reiterate need for flexible duration strategy

MARK SMITH  |  TUESDAY, 11 NOV 2014
Managing duration is the key to reducing risk as the 30-year bond market bull-run comes to a close, according to a number of fixed income experts. Interest rates in many countries reached historical lows in recent years as central banks aggressively ...

Shanghai-HK Connect connects China to the world

BENJAMIN ONG  |  TUESDAY, 11 NOV 2014
hanghai and Hong Kong's equity markets stood out yesterday. The Shanghai composite index surged by 2.3% and the Hang Seng index gained more than 0.8% despite renewed anxiety over a China slowdown ignited by price data showing that consumer price inflation ...

Market Wrap AM

AAP  |  TUESDAY, 11 NOV 2014
The Australian market looks set to open higher following a positive lead from Wall Street. At 0823 AEST on Tuesday, the December share price index futures contract was up 13 points at 5,553. In local economic news on Tuesday, the Australian Bureau of ...

Market Wrap AM

AAP  |  MONDAY, 10 NOV 2014
... Friday at 17,573.93, while the S&P 500 edged up 0.71 (0.03 per cent) to 2,031.92. Friday marked the third straight record close for the two indices. The tech-rich Nasdaq Composite Index fell 5.94 (0.13 per cent) to 4,632.53. The October jobs growth came ...