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Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... performance and will also examine the large financial institutions and the advice they provide. Dastyari's inquiry will keep a close eye at the government's response to the 61 recommendations made by the previous Senate inquiry. Given the large number ...

Hawks Nest is Australia's oldest town

ALEX DUNNIN  |  FRIDAY, 5 SEP 2014
... meanwhile has the highest proportion of residents aged above 65 at 40%, followed by Tea Gardens near Hawks Nest which is very close to 40% as well. The next highest proportion is in Berrara on the NSW south coast with 38% of residents being aged over ...

No drama at the RBA

BENJAMIN ONG  |  TUESDAY, 2 SEP 2014
... changes course? I don't think anyone can accuse the RBA of being stupid (although Bloomberg columnist, William Pesek, came close - "Stevens, though, is perilously close to making the kind of policy mistake that's been so rare at the RBA"). No siree... ...

Matrix merger to place ClearView among top 10 licensees

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... with the Australian Securities and Investments Commission (ASIC) and sent to Matrix shareholders. The offer is expected to close on October 4. Several of Matrix's shareholders have entered into pre-bid acceptance deeds committing to ClearView to accept ...

Market wrap

AAP  |  MONDAY, 1 SEP 2014
The Australian share market has opened higher after markets in the United States and Europe lifted on Friday. CMC chief market analyst Ric Spooner said the local bourse had made a positive start. "It's quite a positive start given a pretty modest lead ...

Market Wrap AM

AAP  |  MONDAY, 1 SEP 2014
... gained 0.20 per cent, ending on 6,819.75 points, while in Paris the CAC 40 rose 0.34 per cent to 4,381.04 points by the close of trading. HONG KONG - Asian markets have been mixed as the prospect of a military confrontation between Ukraine and Russia ...

Recycling the same old, same old

BENJAMIN ONG  |  FRIDAY, 29 AUG 2014
Oh no! Bloody Vlad's back! Wall Street and the rest of 'em equity markets flashed red from New York to Rio and old London town as geo-political risks resurfaced following reports of Russian 'incursion' into Ukraine. That's if you believe this morning's ...

Market wrap AM

AAP  |  FRIDAY, 29 AUG 2014
The Australian market looks set to open lower after Wall Street ended a three day winning streak. At 0649 AEST on Friday, the September share price index futures contract was down three points at 5,606. US stocks fell modestly, dragged down by rising ...

Market wrap

AAP  |  THURSDAY, 28 AUG 2014
... slightly and no sector more than 0.8 per cent down. The big miners fell as the iron ore price hit $US88 a tonne and was close to five year lows. BHP Billiton had lost 19 cents to $37.14, Rio Tinto shed 74 cents to $63.39 and Fortescue Metals had lost ...

Sunrise, sunset

BENJAMIN ONG  |  THURSDAY, 28 AUG 2014
... 'nay, you'll never make it'. That's exactly what Wall Street did overnight. The S&P 500 index hardly budged - up 0.01% -- to close at 2,000.12 points after touching the round 2,000 point mark plus some change the day before. Like I typed yesterday, this ...