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Market Wrap AM

AAP  |  FRIDAY, 18 OCT 2013
The Australian market looks set to open higher after Wall Street closed higher for a second straight session on rising optimism about a Washington deal to avert a debt default. At 0805 AEDT on Monday, the December share price index futures contract ...

Pre-retirees won't meet goals without equities

MARK SMITH  |  THURSDAY, 17 OCT 2013
... investment professionals. Traditionally, investors approaching retirement have been advised to reduce their equity exposure to close to zero as a significant loss in the volatile asset class at that stage of their life could leave them no time to make ...

Market Wrap AM

AAP  |  THURSDAY, 17 OCT 2013
... while Ansell has an annual general meeting scheduled. In Australia, the market on Wednesday recovered from opening losses to close slightly higher on cautious optimism Congress leaders were heading to an agreement on a temporary deal to raise the US ...

Insurers now in full recovery mode

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
... saw floods, bushfires, earthquakes and tsunamis scar the Asia-Pacific region, the insurance and reinsurance industry is close to recovery. With the great majority of short-tail claims now settled, insurer capital is returning to regular levels and consequent ...

Time to be fearful?

BENJAMIN ONG  |  WEDNESDAY, 16 OCT 2013
Shutdown: Day 15 and counting...2 days to go till the US debt hits the ceiling. So what else is new? True to form...and recent history, it looks like the political powers in Washington will again take it to the limit. US President Obama must be wishing ...

NZ Super awards 4 mandates to Northern Trust

ALEX DUNNIN  |  TUESDAY, 15 OCT 2013
New Zealand Superannuation Fund appoints Northern Trust to new passive global equities mandates. The NZ$23 billion New Zealand Superannuation Fund has appointed Northern Trust's asset management arm, a leading global provider of index, active and multi-manager ...

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has the retail insurance sectors in his sights, announcing that the regulator will conduct major surveillance of the sector. Kell said ASIC is in the process of gathering ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
In his first public address since taking office the Minister reiterated Prime Minister Tony Abbot's plan to reduce red tape, promote greater competition and improve infrastructure in a bid to make Australia a more productive economy. "The cumulative ...

Investor interest shifts to European credit

LAURA MILLAN  |  FRIDAY, 11 OCT 2013
Investors are starting to take an interest in European credit as the US political deadlock continues with no end in sight. HSBC global chief investment officer of fixed income Xavier Baraton told Financial Standard that "big investment funds in Asia ...

Market Wrap AM

AAP  |  FRIDAY, 11 OCT 2013
... the weaker yen, but Sydney dropped 0.11 per cent, or 5.9 points, to 5,147.1 and Seoul was flat, edging down 1.36 points to close at 2,001.40. Hong Kong fell 0.36 per cent, or 82.67 points, to finish at 22,951.30, while Shanghai lost 0.94 per cent, or ...