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Market Wrap PM

AAP  |  WEDNESDAY, 13 FEB 2013
... start to go up," he said. "They've kind of lagged the banks over the last couple of months, so that's probably where the next push will come from." BHP was up 13 cents at $37.72 and Rio was up 29 cents at $69.32. Among other companies to report financial ...

Super fund return expectations unrealistic

MARK SMITH  |  WEDNESDAY, 13 FEB 2013
... banks are showing no lending growth and we've downgraded our GDP forecasts for the Australian economy over this year and next from 3.5% to 2.4%," he said. Despite the trend towards what has been dubbed a 'new normal' for investment returns, Credit Suisse ...

Suggestions we don't support 12% CSG lies: Hockey

MARK SMITH  |  WEDNESDAY, 13 FEB 2013
... scrap it, yeah. That's a revelation, is it?" The comment comes after the shadow Treasurer said on Friday that the expenditure next to the MRRT "would go" even though the increase in superannuation is partly funded by the mining tax. A statement issued ...

AMP appoints new director of Horizons

LAURA MILLAN  |  WEDNESDAY, 13 FEB 2013
... bring considerable experience in advice policy and practice support to Horizons, enhancing its commitment to training the next generation of financial planners and supporting them to deliver quality financial advice." Constantinidis' appointment is part ...

DomaCom to partner with Perpetual on new platform

LAURA MILLAN  |  TUESDAY, 12 FEB 2013
... provide an equity release service for senior Australians to access capital while guaranteeing income and capital growth for the next generation. According to DomaCom, the new platform aims to match the time horizons of both retirees and SMSF trustees ...

Loomis Sayles to launch CLO locally

MARK STORY  |  TUESDAY, 12 FEB 2013
... Financial Standard of plans by its client, Boston-based Loomis Sayles, a subsidiary of Natixis Global Asset Management to bring a next-gen CLO fund to the Australian market later this year. Expected be one of the first of its kind to return to the market ...

Investor 'fear factor' lowest in 40 months

BEN COLLINS  |  TUESDAY, 12 FEB 2013
... the last 20 months. "Almost half (49%) of investors say they plan to increase their exposure to Australian shares in the next month, up from 37% in December 2012. "There is a significant jump in the appetite for direct shares, and for the first time ...

Nikkei 13K

BENJAMIN ONG  |  TUESDAY, 12 FEB 2013

Market Wrap AM

AAP  |  TUESDAY, 12 FEB 2013
... Schmidt plans to sell 3.2 million of his "A" shares in the company, currently worth $US2.5 billion ($A2.4 billion), over the next year. LONDON - European stock markets were mixed and the euro advanced against the US dollar as eurozone finance ministers ...

Market Wrap PM

AAP  |  FRIDAY, 8 FEB 2013
... RBS Morgans senior equities adviser Tony Russell said Australian investors were sitting on the sidelines in anticipation of next week's first half results from the Commonwealth Bank of Australia (CBA). "It's been an absolute star performer in the last ...