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Market wrap

AAP  |  TUESDAY, 4 JUL 2006
... and the Nasdaq Composite Index added 18.34 points, or 0.84 percent, to 2,190.43. LONDON - Strength in BP helped Britain's top share index seal a four-day winning streak following a reassuring production update from the oil producer, taking the benchmark ...

Grange number one for credit linked notes: AsiaRisk magazine

ALEX DUNNIN  |  WEDNESDAY, 28 JUN 2006
... which includes CDOs. In the wider category of derivatives and structured credit products, the survey also ranked Grange in the top five amongst all financial institutions in Australia. AsiaRisk magazine asked end users of derivatives and structured credit ...

Market wrap

AAP  |  WEDNESDAY, 28 JUN 2006
... 30.11 points to 15,774.70. WELLINGTON - The New Zealand sharemarket ended positively, but the mood did not spill over for top stock Telecom, which announced moves to face a more competitive industry head-on. The top 50 index closed up 25.55 points to ...

Financial Wisdom grows and goes its own way

HAMISH MADDEN  |  MONDAY, 26 JUN 2006
... their businesses for long term growth, profitability and administrative efficiency consistently place Financial Wisdom at the top of their shopping list," Barrett said.

Govt recommends 3 per cent super top-up for under 40s

... job should automatically be placed in a voluntary superannuation contribution scheme of 12 per cent. As it is a voluntary 'top-up' employees can opt out of the scheme at any time. The Australian Superannuation Funds Association (ASFA) has welcomed the ...

Bank of Ireland ploughs private equity ground

HAMISH MADDEN  |  THURSDAY, 22 JUN 2006
... of Ireland paid $34 million for a 50 per cent share in the new San Francisco based joint venture, to be called Paul Capital Top Tier Investments (PCTTI), plus $7 million for interests in existing fund of funds, and it may increase its holding up to 70 ...

Market wrap

AAP  |  WEDNESDAY, 21 JUN 2006
... down 159.89 points at 15,608.97. WELLINGTON - Telecom's ill fortune continued to dog New Zealand's sharemarket. The country's top stock fell to its lowest level in three years, $NZ4.14, just three cents higher than an intra-day low in March 2003. Total ...

Banks under growing IT security threat: Deloitte

... world's leading 150 finance groups suffered a serious security breach in the last 12 months. Alarmingly, 78 per cent of these top 150 companies have experienced a security breach from outside their organisation, up from 26 per cent back in 2005. Internal ...

Super tax concessions cost more than they save: Greens

ALEX DUNNIN  |  FRIDAY, 16 JUN 2006
... superannuation industry's forecasting about savings gaps crises is misleading because it ignores how social security payments will top-up superannuation savings. Using scenarios modelled by the Commonwealth Parliamentary Library, the report illustrates ...

Active managing pays during market correction: Mercer

... definition of a correction - during the month. However, it was the 'long short' manager category that can lay claim to being the top performers with a median loss of 4 per cent and, worth singling out are PM Capital Australian Opportunities fund which ...