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Market Wrap - Morning

AAP  |  MONDAY, 10 SEP 2012
... dropped out of the jobs market, convincing many that the Federal Reserve will have to act to boost growth in its policy meeting next week. In economic news on Monday, The Australian Bureau of Statistics (ABS) is due to release housing finance for July. ...

Faith in monetary policy spawns new investment theme

MELANIE TIMBRELL  |  FRIDAY, 7 SEP 2012
... said. "We think because of this and because the Fed in particular is saying we're going to have zero interest rates for the next two years, capital markets have lost some of the signals they're used to working with so the allocation of resources is going ...

Super Mario to the rescue

BENJAMIN ONG  |  FRIDAY, 7 SEP 2012
... details (as in, how strict or less strict the bailout conditions would be) but is expected to formally request a bailout next month while the Financial Times reports that senior Italian officials warned that Italy could be forced to seek one by yearend. ...

Cash in on overseas asset offload

BEN COLLINS  |  THURSDAY, 6 SEP 2012
... first choice will be to shrink their balance sheets, "which means they are going to have to sell a lot of assets over the next one to seven years," and prices will see buyers reap a lot of value, Azelby said. Banks' will go through a "massive disgorgement ...

Former S&P head moves to Lonsec

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... David Erdonmez is to join Lonsec as a general manager. Erdonmez will take up the role of GM - managed funds research early next month when S&P is due to close its local research unit. Erdonmez will then assume responsibility for managing the team of ...

Market Wrap

AAP  |  WEDNESDAY, 5 SEP 2012
... given the ECB (European Central Bank) meeting, non-farm payrolls (in the US), the constitutional court ruling in Germany next week, the FOMC (US Federal Reserve's policy making body the Federal Open Market Committee) meeting that investors, particularly ...

Fund manager loses $1 billion-plus mandate

LINDA HAUSKEN  |  WEDNESDAY, 5 SEP 2012
... reported to be worth in excess of $1 billion. Watch for further updates on this breaking new story by Financial Standard early next week.

Former Count CEO joins Chase

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... late last year, said there will be a major change in ownership in both accounting and financial planning practices over the next five years. "Over 34% of financial planners are aged over 50, and 14% of all planners are expected to retire or seek a managed ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... finish before the end of the year. If, however, the parties fail to agree on evidence the trial could stretch out to March next year. The trial concerns the collapse of the Townsville-based financial advice company which led to the loss of close to $4 ...

IRESS renews NAB wealth tech agreement

MELANIE TIMBRELL  |  MONDAY, 3 SEP 2012
... manager, Advice and Marketing at MLC and NAB Wealth Richard Nunn said the Group had invested at enterprise level in their next generation technology platform as part of the commitment to assist Advice businesses. As part of the agreement, IRESS' client ...