Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4621 - 4630 of 7101 results for "June 2011"

Stocks in freefall on recession fears, banks cut mortgage rates

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
Investors panicked sending the Australian stock market into freefall and bond markets soaring, following large losses on Wall Street. In morning trade, the All Ordinaries index plummeted 211.2 points or 5.21% to 3845.5, while the S&P/ASX 200 lapsed ...

UniSuper nominates Bloomberg as asset manager

ELISE BURGESS  |  TUESDAY, 9 AUG 2011
UniSuper announced its selection of Bloomberg as partner in its internal management of its Australian equities portfolio with more super funds following suit. In June last year, UniSuper moved its equities management in-house and away from fund managers ...

Praemium appoints new CEO as platform business booms

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
Portfolio administration and separately managed account technology provider Praemium has appointed Michael Ohanessian as its new chief executive officer, replacing Arthur Naoumidis who has taken up a consultancy role with the company. Having founded ...

USA no longer AAA

BENJAMIN ONG  |  MONDAY, 8 AUG 2011
Uh-oh, we're in trouble now - really big trouble -- or so they say. No use pretending not to know what I'm talking about, it's splattered all over the weekend news. S&P has dropped one A from the USA's AAA. I must admit, I too didn't know what to think ...

LICs benefit from FOFA

ALISON BEVEGE  |  FRIDAY, 5 AUG 2011
The impending loss of trailing commissions for managed funds has made listed investment companies more attractive by leveling the playing field, an industry insider said yesterday. John Robinson, chairman of Global Mining Investments (GMI), a listed ...

Market Wrap - Midday

AAP  |  THURSDAY, 4 AUG 2011
Australian shares were slightly higher at noon as they made up some of the ground lost on Wednesday, buoyed by a positive session on Wall Street. At 1200 AEST on Thursday, the benchmark S&P/ASX200 index was up 1.1 points, or 0.03 per cent, at 4,333.9 ...

Industry looks to draw line under reforms

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
By comparing the government to a gestating sperm whale at the FSC conference, Assistant Treasurer Bill Shorten made light of slow progress implementing financial services reforms but patience is wearing thin within the industry. Shorten himself has ...

Market Wrap - Morning

AAP  |  THURSDAY, 4 AUG 2011
The Australian market faces brighter prospects on Thursday, after Wall Street staged a modest rally overnight despite more disappointing data and continuing fears over debt in Europe. At 0643 AEST on the ASX 24, the June share price index futures contract ...

Industry super funds show patchy approach to emergency reserves

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
Industry super funds have increased their emergency reserves since the global financial crisis but the uptake has been patchy with some funds having no buffer at all, new research has found. Deloitte Actuaries and Consultants scrutinised 65 industry ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 3 AUG 2011
The Australian dollar was over one US cent lower on Wednesday after the central bank kept the cash rates on hold on Tuesday and the release of weak US economic data overnight. At 0700 (AEST), the Australian dollar was trading at 107.80 US cents, down ...