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Market Wrap AM

AAP  |  THURSDAY, 11 DEC 2014
... crude amid ample supplies. Oil futures slumped after the OPEC cartel revised down its forecast for global crude demand growth next year, while prices were further hit by news that commercial crude stockpiles had risen unexpectedly last week in the United ...

Macquarie executive tops industry salary survey

MARK SMITH  |  WEDNESDAY, 10 DEC 2014
... received a total of $13.1 million in 2014, up 48% on the remuneration he received last year. Henderson's Andrew Formica was the next highest paid executive with total pay of $8.2 million while K2 Asset Management's Campbell Neal was third with $4.7 million. ...

Bad tidings for Christmas

BENJAMIN ONG  |  WEDNESDAY, 10 DEC 2014
... so, that National Australia Bank has now changed its guesstimate from steady interest rates to two interest rate cuts early next year. Then there's Greece. It's back in the limelight and causing trouble again as usual. The Athens Stock Exchange General ...

NZ Super Fund takes big stake in LanzaTech

AAP  |  TUESDAY, 9 DEC 2014
... plant, which is targeted for operation in 2016. Holmgren said the company would also be announcing a number of partnerships next year with major chemical companies for a portfolio of chemicals made using the technology. She said it was hopeful that in ...

ECB came bearing no pre-Xmas cheer

BENJAMIN ONG  |  FRIDAY, 5 DEC 2014
"Maybe this year, maybe next year, maybe never I'm confessing That I'm guessing all the time." Edna Savage's immortal 1959 classic "Maybe This Year" provides an apt background song heading into last night's European Central Bank (ECB) Governing Council ...

High-calibre superannuation: 2014 CIO and COO Award recipients announced

MICHELLE BALTAZAR  |  WEDNESDAY, 3 DEC 2014
... charge of investing retirement savings of ordinary Australians to continue to pursue excellence". He also announced that next year, there will be a third award, with the organisers recognising the achievements ofA the country's top superannuation chief ...

Slides can be fun too

BENJAMIN ONG  |  TUESDAY, 2 DEC 2014
... government's efforts to reduce subsidies (it has already freed some gas prices, and electricity prices are expected to follow next year)." Not only that. This one from Bloomberg, "This is a golden time window to acquire more strategic oil stockpiles ...

New Vanguard modelling tool picks global equities to win

STAFF WRITER  |  MONDAY, 1 DEC 2014
... developed by Vanguard has tipped global equities as the most likely asset class to achieve a 6% to 9% annualised return over the next decade. The range is roughly the same level of return targeted by most super funds balanced option. Following a six-year ...

Long-serving CBA exec announces retirement

MARK SMITH  |  MONDAY, 1 DEC 2014
... Commonwealth Bank of Australia's long-serving group executive, business and private banking, Grahame Peterson will retire early next year, the bank has announced. The company has promoted Adam Bennett from another role in the organisation to replace ...

Magellan expands chairman role, appoints CIO

JAMES FERNYHOUGH  |  MONDAY, 1 DEC 2014
... appointment and additional responsibilities strengthens our executive management team and positions the group favourably for the next phase of our development." Cairns said of his appointment: "I am delighted to be taking on the role of executive chairman ...