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Ghosts? What ghosts?

BENJAMIN ONG  |  THURSDAY, 4 JUL 2013
What the...? Wall Streeters must have smoked or drank some heavy stuff ahead of America's 4th of July holiday celebrations. All three of America's benchmark equity indices - the Dow, the S&P 500 and the Nasdaq - closed higher while most other equity ...

Is that a fiscal stimulus I smell?

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2013
Nothing to report today folks. It's one of those days in the financial markets that call for a hashtag instead. I still am a twit when it comes to twitting (or is it tweeting?) but thanks to my editor, the twit (or is it tweet?) would read something ...

Market Wrap AM

AAP  |  WEDNESDAY, 3 JUL 2013
... dearth of major company announcements. London's FTSE 100 index of leading shares dropped 0.06 per cent to 6,303.94 points at close. Frankfurt's DAX 30 slid 0.92 per cent to end trading at 7,910.77 points and in Paris the CAC 40 shed 0.66 per cent to ...

Pioneer Capital awarded New Zealand Super mandate

MARK SMITH  |  TUESDAY, 2 JUL 2013
... Zealand institutions, private investors and the Pioneer Capital team have also contributed to PCPII, which is slated to close at its $150 million cap soon. Pioneer Capital managing director Randal Barrett welcomed the New Zealand Superannuation Fund ...

CBA grows advice research team with new hire

MARK SMITH  |  TUESDAY, 2 JUL 2013
Commonwealth Bank (CBA) has expanded its Advice Research team to six with the appointment of Rohan Aggarwal as research analyst. He will work closely with the senior analysts in the team to help deliver the Advice Research team's key functions. These ...

The others

BENJAMIN ONG  |  TUESDAY, 2 JUL 2013
It's RBA meeting day and the overwhelming consensus is for the Australian central bank to do nothing. Seems like pretty good odds to me. No doubt the Board would be talkin' bout talks of Fed tapering and yes, the talked about again China slowing as ...

Market Wrap AM

AAP  |  TUESDAY, 2 JUL 2013
... joint venture with Finnish telecom equipment maker Nokia. London's FTSE 100 index of leading shares climbed 1.49 per cent to close at 6,307.78 points, Frankfurt's DAX 30 index added 0.31 per cent to 7,983.92 points, while in Paris the CAC 40 rose 0.76 ...

Ironbark acquires Deutsche AM Australia

MARK SMITH  |  MONDAY, 1 JUL 2013
Ironbark Asset Management has acquired Deutsche Asset Management Australia Limited (DAMAL). The acquisition sees Ironbark take on the role as responsible entity for DAMAL's existing funds, while the investment management teams remain the same. Ironbark ...

Platforms surpass pre-GFC levels

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... they refuse to make the transition and are exiting the industry. "Some are directly approached by the big four and others close simply because their businesses are poorly compliant," he said. "Our advisers have been directly approached with cheques by ...

Market Wrap AM

AAP  |  MONDAY, 1 JUL 2013
... per cent) at 1,606.28, while the tech-rich Nasdaq Composite Index inched up 1.38 (0.04 per cent) to 3,403.25. The muddled close followed a three-day rally as worries eased that the Federal Reserve could move to tighten monetary policy sooner than had ...