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All advice scaled in proposed ASIC guidance

MELANIE TIMBRELL  |  FRIDAY, 10 AUG 2012
... complies with your personal advice obligations, including the best interests duty," the draft guidance states. Submissions close on September 20.

Market Wrap

AAP  |  FRIDAY, 10 AUG 2012
... sector awaits the release of Chinese economic data on Friday. "It's early days, we saw a pretty flat finish on Wall Street at close," Mr Peacock said. "We are starting to see more confidence in the market, and slight rebounds in the material and energy ...

Market Wrap

AAP  |  FRIDAY, 10 AUG 2012
... figures turned out to be better than expected. London's benchmark FTSE 100 index of top companies edged up 0.10 per cent to close at 5,851.51 points, and Paris's CAC 40 added 0.54 per cent to 3,456.71. Frankfurt's DAX 30 slipped by an insignificant 0.02 ...

Unprecedented nominations for AFA Advisers awards

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
Entries in the Association of Financial Advisers Female Excellence in Advice Award 2012 have now closed, with the number of nominations (130) up over a fifth (23%) on last year. AFA and its award sponsor, Tal said the calibre of nominees this year is ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
Australian shares opened slightly higher as the resources sector posts gains after Rio Tinto predicted China would have a quick recovery in its pace of growth. At 1014 AEST on Wednesday, the benchmark S&P/ASX200 index was up 12.8 points, or 0.3 per ...

Known knowns

BENJAMIN ONG  |  THURSDAY, 9 AUG 2012
It's still many, many sleeps before Christmas yet last night seems to be "the night before Christmas, when all through the house, not a creature was stirring, not even a mouse." Financial markets generally marked time while we slept, unstirred by fresh ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
... 8,881.16, Seoul put on 0.87 per cent, or 16.43 points, to end at 1,903.23, while Sydney added 0.49 per cent, or 21.0 points, to close at 4,312.6. Shanghai climbed 0.16 per cent, or 3.37 points, to 2,160.99, but Hong Kong was flat, dipping 7.03 points ...

Market Wrap

AAP  |  WEDNESDAY, 8 AUG 2012
... 51.09 points, or 0.39 per cent, at 13,168.60. London's benchmark FTSE 100 index of top companies added 0.56 per cent to close Tuesday at 5,841.24 points even as charges against Standard Chartered bank weighed heavily on its shares. In economic news on ...

Market Wrap

AAP  |  WEDNESDAY, 8 AUG 2012
... Reserve to launch an open-ended bond-buying program. London's benchmark FTSE 100 index of top companies added 0.56 per cent to close Tuesday at 5,841.24 points even as charges against Standard Chartered bank weighed heavily on its shares. Elsewhere ...

Market Wrap

AAP  |  TUESDAY, 7 AUG 2012
Australian shares opened stronger, buoyed by overnight leads and hopes the European Central Bank will take action soon to relieve the euro zone debt crisis. At 1015 AEST on Tuesday, the benchmark S&P/ASX200 index was up 6.6 points, or 0.15 per cent ...