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Folkestone develops two Melbourne properties

ALEX BURKE  |  THURSDAY, 14 MAY 2015
... Folkestone has announced two new developments in Melbourne. The first is a 3.4 hectare former Bunnings site in Altona North, next to its existing Millers Junction development. Folkestone hopes to consolidate these holdings to "create a substantial development ...

JPMAM appoints sovereign and institutional head

ALEX BURKE  |  THURSDAY, 14 MAY 2015
... in the Asia Pacific region, I am pleased to have Rachel to play this important role in helping develop our business to the next level. "With over 20 years of investment management and advisory experience in the US, Europe and Asia, Rachel is both highly ...

No downing the dollar-A

BENJAMIN ONG  |  THURSDAY, 14 MAY 2015
... and introduced "forward guidance" instead, causing interest rate hike expectations to be moved sometime this year (or the next). UK rate hike expectations have been pushed further back - not before June 2016 - after the release of the BOE's Quarterly ...

Mining exports finally give way to financial services

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
... Treasurer predicted that services, including finance, "will be the big new drivers of wealth creation and job creation over the next decade." He noted that "for every dollar we spend buying Chinese goods and services, the Chinese spend two dollars buying ...

ASIC budget cuts revealed

MARK SMITH  |  TUESDAY, 12 MAY 2015
... Government expenditure for the Australian Securities and Investments Commission (ASIC) is expected to fall by $18 million over the next three to four years, according to projections revealed in the budget. Expenditure is projected to be $350 million ...

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... said the federal government was faced with growing debt and needed to make tough decisions about how they will support the next generation of retirees to fund their post-work years. "In most cases, people will need to put away more private savings, including ...

Market Wrap AM

AAP  |  TUESDAY, 12 MAY 2015
... from $1.1208 late in New York on Friday. "Multiple eurozone officials offering no hope of a resolution for Greece at the next meeting of finance ministers hit sentiment in European stocks on Monday," said analyst Jasper Lawler at CMC Markets UK. Greece ...

Barrett in buyout mode, acquires CBA firm

LAURA MILLAN  |  MONDAY, 11 MAY 2015
... director Paul Barrett has acquired Commonwealth Bank-owned Eureka Whittaker Macnaught through his financial planning business AZ Next Generation Advisory (AZ NGA). This is the group's first acquisition, but Barrett confirmed that it is performing its ...

Market Wrap AM

AAP  |  MONDAY, 11 MAY 2015
... The report was much better than in March, but "was not so strong as to suggest the Federal Reserve may actually raise rates next month," he said. Many economists said the jobs data suggested the Fed likely would wait until September or later in its plan ...

Link Group moves up in Melbourne

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... see Superpartners' client funds transitioning onto Link's pension and superannuation business platform, aaspire, over the next two years. To lead the project, Link Group appointed former chief executive of IQ Group, Graham Sammells, as head of integration. ...