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Germany rebuffed on hedge fund regulation call

CHRIS NICHOLLS  |  WEDNESDAY, 18 APR 2007
The International Monetary Fund (IMF) has rejected calls by Germany to increase hedge fund regulation, saying responsible macroeconomic government policies are a better solution. It is being widely reported that Germany, holder of the G-7 presidency ...

Market wrap - morning

AAP  |  WEDNESDAY, 18 APR 2007
... points to finish at 1,471.48. The Nasdaq Composite Index dropped 1.38 points to 2,516.95. LONDON - The FTSE 100 of Britain's top shares declined amid anxiety about the probability of interest rate rises with UK inflation reaching a 10-year high. The ...

Market wrap - morning

AAP  |  MONDAY, 16 APR 2007
... advanced 5.05 points to 1,452.85, while the Nasdaq Composite Index gained 11.62 points to close at 2,491.94. LONDON - Britain's top share index closed at a six year high, with the 0.72 percent increase driven by pharmaceuticals and oil shares, and merger ...

Market wrap - morning

AAP  |  FRIDAY, 13 APR 2007
... 500 Index rose 8.93 points to 1,447.80 and the Nasdaq Composite Index climbed 21.01 points to 2,480.32. LONDON - Britain's top share index closed little changed, as shares regained some ground in tandem with their US counterparts, but real estate and ...

Attitude determines financial altitude: Plum

... Plum's 'Escalator Program' works on an opt-out model where sponsoring employers can pick and choose from a variety of ways to top up their members' super. Under Escalator, members are automatically placed under the increased savings program unless they ...

IRESS seals $48m VisiPlan deal

... and VisiPlan. XPLAN and PlanTech generate a combined $15 million in revenue with VisiPlan adding an estimated $15 million on top. "We know well and respect the VisiPlan product and staff, having come close to a transaction previously, so it is pleasing ...

Daily economic round-up

PETER BELL  |  TUESDAY, 10 APR 2007
Federal Treasurer Peter Costello has raised the issue of the tax treatment of Private Equity firms operating in Australia noting a concern that the increasing level of corporate activity in the private equity space could mean the associated higher levels ...

Market wrap - midday

AAP  |  TUESDAY, 10 APR 2007
... finish at 1,444.61. The Nasdaq Composite Index declined 2.16 points, or 0.09 per cent, to close at 2,469.18. LONDON - Britain's top share index rose to its highest close in six weeks in subdued trade on Thursday after the Bank of England left interest ...

Fincorp lookalike under scrutiny

The Australian Securities and Investments Commission (ASIC) has slapped a 'stop order' on the latest prospectus of Australian Capital Reserve (ACR), another high-yield debenture provider that employed the same aggressive marketing tactics as Fincorp. ...

Market wrap - morning

AAP  |  THURSDAY, 5 APR 2007
... points, or 0.34 per cent, at 2,458.69, its fifth up day and its longest winning streak since early January. LONDON - Britain's top share index ended flat in lethargic European trade, with oil stocks sliding after Iran said it would free 15 Britons, and ...