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Adviser appetite for infrastructure investments increasing

MARK SMITH  |  FRIDAY, 4 JUL 2014
The attractive risk/return profile and high level of income on offer from infrastructure investments mean the asset class is well suited to retail investors, according to Goldman Sachs Asset Management head of Australian infrastructure Geoff Frankish. ...

Independence Day for the US economy

BENJAMIN ONG  |  FRIDAY, 4 JUL 2014
It was short, but oh so sweeet! Short was last night's trading activity in the New York Stock Exchange - 3.5 hours instead of 6.5 hours -- and we all know what the sweeet was - the Dow gatecrashed through 17K to a new record, the S&P 500 rose to new ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
The government will monitor the implementation of Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate ...

TWU defends mandatory TWU Super contributions

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
The Transport Workers Union (TWU) has defended the TWU's practice of forcing employers to contribute employee superannuation only to TWU Super in collective bargaining agreements. Appearing before the Royal Commission into Trade Union and Governance ...

Slow and steady as she goes

BENJAMIN ONG  |  THURSDAY, 3 JUL 2014
WOW! Seen the latest ADP private payrolls number last night? The report showed 281,000 Americans found jobs in the private sector in June. This is the biggest monthly addition since the 293K added back in November 2012 and... it beat even the most optimistic ...

So good but for the wrong spin

BENJAMIN ONG  |  WEDNESDAY, 2 JUL 2014
The sun is shining, the sky is blue and the butcher, the baker and the candlestick maker appears to have celebrated America's 'Independence Day' three-days early. You'd be jingling your bells and singing hallelujah too, Virginia, when you look at what ...

Former WealthSure financial adviser gets jail time for fraud

ALICE URIBE  |  TUESDAY, 1 JUL 2014

Third arrow, broken arrow

BENJAMIN ONG  |  TUESDAY, 1 JUL 2014
oh there we have it folks! Wall Street ends the last day of the month, the quarter and the first six months of 2014, to quote T.S. Elliot, "not with a bang but a whimper. If you must know Virginia, the S&P 500 index finished a teenie-weenie 0.04% lower ...

Latest Financial Standard issue available on the iPad app

STAFF WRITER  |  MONDAY, 30 JUN 2014
In the latest edition of Financial Standard we look at the recent regulatory changes that have removed some of the barriers to the Australian corporate bond market and investigate why Australia is still behind its international peers in getting involved ...

New compass needed for global economy: BIS

NATHALIE OLOF-ORS, AAP  |  MONDAY, 30 JUN 2014
Countries must dramatically rethink strategies for avoiding and dealing with financial crises, the Bank for International Settlements says, urging far more focus on fighting debt. The Swiss-based BIS -- dubbed the central bankers' central bank -- has ...