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Showing 5111 - 5120 of 10707 results for "May 2011"

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 7 JUL 2016
... than market expectations for a US$40.0 billion deficit and was driven by a combination of a decline in exports, down 0.2% in May -- as the US dollar index rose by 3.5% over the moth - and a 1.6% increase in imports.

Defined benefit deficit at $182bn

ALEX DUNNIN  |  WEDNESDAY, 6 JUL 2016
Total defined benefit (DB) super liabilities across Australia stood at $340 billion, according to APRA figures. But this amount is backed by only $158 billion in net assets - amounting to a deficit of $182 billion. The announcement by the Queensland ...

New board members at CareSuper

DARREN SNYDER  |  WEDNESDAY, 6 JUL 2016
Industry superannuation fund CareSuper recently appointed two new member directors to its board. Joining the CareSuper board in 2016 are Michelle Gardiner and Greg McLean, each commencing their terms in February and May respectively. Gardiner is a founder ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 6 JUL 2016
RBA on hold As widely expected, the Reserve Bank of Australia (RBA) left the official cash rate unchanged at a record low 1.75% following its 5 July meeting. The RBA statement revealed that the Australian central bank sees continued growth in the global ...

AB fund awarded recommended rating

KERRIE SYDEE  |  TUESDAY, 5 JUL 2016
Global asset manager AllianceBernstein's AB Managed Volatility Equities Fund has been awarded a 'Recommended' rating from Zenith. The fund mainly invests in shares listed on the ASX and is designed for equity investors seeking lower volatility, reduced ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 5 JUL 2016
Australian dwelling approvals The Australian Bureau of Statistics (ABS) released figures showing that total dwelling units approved dropped by 5.2% in the month of May, worse than market expectations for a 3.3% fall and more than reversing April's 3.3% ...

AFSL cancelled for Sydney firm

KERRIE SYDEE  |  MONDAY, 4 JUL 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Sydney based financial planning firm for failing to meet a number of key obligations. ASIC cancelled Etern Wisdom's AFSL on 6 June 2016 after ASIC discovered the firm had failed ...

Australian elections just gave uncertainty a top up

BENJAMIN ONG  |  MONDAY, 4 JUL 2016
"As a historian, I fear that Brexit could be the beginning of the destruction of not only the EU but also of western political civilization in its entirety." -Donald Tusk, President of the European Council I thought he went over the top and got carried ...

AMP Capital urges voters to keep China fund open ahead of EGM

ALEX BURKE  |  FRIDAY, 1 JUL 2016
AMP Capital has released the explanatory memorandum for the July 28 extraordinary general meeting for the China Growth Fund (ASX:AGF), urging unitholders to vote to continue the fund with enhancements. The memorandum comes after LIM Advisors, the activist ...

Super funds on track to post positive return this year

MARK SMITH  |  FRIDAY, 1 JUL 2016
The average default option for workplace super has returned an estimated 2.5% in the 2015/16 financial year, according to the analysis by Rainmaker. The headline performance number for the SelectingSuper Default Option Index includes a forecast drop ...