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Market Wrap PM

AAP  |  MONDAY, 6 MAY 2013
... US jobs numbers pushed American stocks to a record high and helped miners outperform the market. Official US Labor Department data showed the US economy added 165,000 jobs in April, well above market expectations. Upward revisions for the preceding two ...

AIST restructures policy department with key appointments

LAURA MILLAN  |  WEDNESDAY, 1 MAY 2013
The Australian Institute of Superannuation Trustees (AIST) has restructured its policy department, and has appointed two senior executives with an eye on the Stronger Super reforms. Project director at AIST David Haynes has been appointed executive ...

Market Wrap

AAP  |  TUESDAY, 30 APR 2013
... the world's biggest economy expanded 2.5 per cent in the January-March quarter. While the figures from the Commerce Department marked a solid rebound from 0.4 per cent growth in the previous three months, they were lower than the 2.8 per cent economists ...

Market Wrap

AAP  |  MONDAY, 29 APR 2013
... the tech-rich Nasdaq Composite Index lost 10.72 (0.33 per cent) to 3,279.27. Friday's results came as the Commerce Department reported first quarter growth of 2.5 per cent, above the previous quarter's level, but below the 2.8 per cent analysts had forecast. ...

Guardian Advice boosts team with 5 appointments

LAURA MILLAN  |  TUESDAY, 23 APR 2013
Guardian Advice has boosted its team with five new appointments in several departments of the firm. Mark Kevin was appointed as NSW/ACT state manage. He will develop the management of an equity partnership model, a strategic area that Guardian Advice ...

Market Wrap

AAP  |  MONDAY, 22 APR 2013
... contract was up 11 points at 4,937. In economic news on Monday, Reserve Bank of Australia deputy head, payments policy department, Mark Manning is due to appear before the Parliamentary Joint Committee on Corporations and Financial Services' inquiry ...

Market Wrap

AAP  |  FRIDAY, 12 APR 2013
... second day in a row. The tech-rich Nasdaq Composite Index rose 2.91 points, or 0.09 per cent, to 3,300.16. The Labor Department reported that new claims for unemployment benefits came in at 346,000 last week, well below the 365,000 expected by analysts. ...

Market Wrap

AAP  |  TUESDAY, 9 APR 2013
... cent. Anheuser-Busch InBev rose 1.7 per cent after announcing it reached an agreement in principle with the Justice Department that will allow its acquisition of the remaining stake in Grupo Modelo to go through. The revised transaction, to fend off ...

Market Wrap

AAP  |  MONDAY, 8 APR 2013
... opening trade, shedding more than 1.0 per cent, reeling from jobs data that came in far below expectations. The Labor Department reported the US added only 88,000 nonfarm jobs in March, a third of the February gain and the slowest jobs growth in nine ...

BOJ brings out big bazooka

BENJAMIN ONG  |  FRIDAY, 5 APR 2013
... Australians all should be rejoicing much more. Japan, after all, is our second biggest export market (according to the Department of Foreign Affairs and Trade), next to China. According to DFAT data, Japan accounts for 17% of Australia's total exports ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
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