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Simon McKeon to join AMP board

LAURA MILLAN  |  FRIDAY, 8 MAR 2013
... educational and sporting organisations. AMP also announced today that Nora Scheinkestel will retire from the board at the next assembly.

More than five minutes this time?

BENJAMIN ONG  |  FRIDAY, 8 MAR 2013
... expectations that the BOJ would bring forward its pledge for 'open-ended' asset purchase programme from start of 2014 to as early as next month when the more aggressive Haruhiko Kuroda replaces 'big stimulus' hawk Masaaki Shirakawa at the helm of the ...

Green, green grass of home

BENJAMIN ONG  |  THURSDAY, 7 MAR 2013
... Jones Industrial Average that reclaimed its pre-crisis highs overnight is valued at about 12.5 times expected earnings in the next year. The S&P index of 500 top US shares which now only 1.6 per cent below its pre-crisis high is valued at 13.6 times ...

Can't help falling in love with stocks

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2013
... rising to a 2-year high of 12 sells to 1 buy. Pavilion Global Markets notes that equities fell by 5.9% on average in the next six months when the ratio is greater than 11. Greater fool? As Elvis 'the king' Presley once sang, "Wise men say only fools ...

Aussie billionaires ranked in Forbes richlist

MARK SMITH  |  TUESDAY, 5 MAR 2013
... and suggested that lower iron ore prices may have knocked a billion off her net worth. Glencore's Ivan Glasenberg was the next highest-ranked Australian and 175th overall. The company's takeover bid for Xstrata has contributed materially to his net worth. ...

China's turn to provide buy opportunities

BENJAMIN ONG  |  TUESDAY, 5 MAR 2013
... 8%-8.2% this year. This is more than what Wen wants. Wen wants growth of 7.5%, remember? Though he'll be bidding us farewell next week, I don't expect PM-in-waiting Li Kequiang to depart from this target. And should the economy slow by more than targeted ...

Latin American pension funds eye PE

LAURA MILLAN  |  MONDAY, 4 MAR 2013
... pension funds is 3.7 per cent of total assets. Regulation on private equity investments is different from one country to the next, Preqin research found. Mexican pension funds can only invest in domestic private equity and can't allocate capital to international ...

The virtuous cycle is back in play

BENJAMIN ONG  |  MONDAY, 4 MAR 2013
... to some reports, investors remain optimistic that Obama and Congress could still come out with a deal sometime within the next seven months to stop the cuts. After all, the government doesn't have to reduce spending by the full US$85 billion in one go ...

Guardian Advice unveils mentoring and equity partnership program

LAURA MILLAN  |  THURSDAY, 28 FEB 2013
... them start their professional career through a mentoring program and an equity partnership that will be announced within the next eight weeks. Guardian advisers' average age went from 58 years old in 2011 to 49 in December 2012 and the organisation is ...

Ex-Macq banker to head retirement home company

BEN COLLINS  |  WEDNESDAY, 27 FEB 2013
... the position immediately. Masonic said that with Butcher at the helm, it has plans to spend at least $200 million over the next five years on seniors' "lifestyle" developments. As Australia comes to grips with an ageing population and the retirement ...