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UBS: Stocks gaining momentum

ELISE BURGESS  |  FRIDAY, 9 DEC 2011
... "Add to that two rate cuts we are going to see the domestic economy become a little less two speed." Haslem said that the next few months the outlook may seem pessimistic but in the background cyclical indicators will improve, which may even limit the ...

Market Wrap

AAP  |  THURSDAY, 8 DEC 2011
... away amid jitters about the state of the global economy. "The sector needs massive amounts of capital expenditure over the next few years so we're seeing some risk coming off the table," Ms Lee said. The big four banks were also lower, despite a jump ...

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
... can be provided in accordance with the regulatory protections in the Corporations Act. The ASIC guidance will be finalised next year following on from Future of Financial Advice (FOFA) legislation's being introduced into Parliament, which contains the ...

AMP enhances super products

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
... contemporary super products to the new short form Product Disclosure Statement (PDS) regime ahead of the government's deadline next year. It follows Financial Services Minister Bill Shorten's announcement earlier this year that PDS for all super products ...

Euro debt crisis has silver lining for advisers: PIMCO

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
... local or global - represents an important anchor for every portfolio," said Fisher. While not downplaying the challenges for next year, bond manager PIMCO said fixed income will become an important anchor for any portfolio with global bonds especially ...

Merger and new CEO for FMD

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
... Adam Davenport and Craig Williams. "The appointment of Lee Wapling as CEO of the merged entity is about taking FMD to the next level in terms of the corporatisation of our group following the investment by private equity firm Rockwell Investments in ...

BT aligned advice boutique appoints new chief

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
... each in their own right but collectively they recognised that they needed a corporate overlay to take their business to the next level," said Watts on the move to create the role of chief executive. Matt Englund, head of dealer groups at BT Financial ...

New RBA deputy governor named

CLAIRE MCGREAL  |  TUESDAY, 6 DEC 2011
... Lowe as the new deputy governor of the Reserve Bank of Australia (RBA). Lowe will take up the role on a seven year term from next February, succeeding Ric Battellino who is retiring from the RBA after 39 years. "I would like to take this opportunity ...

Market Wrap - Morning

AAP  |  TUESDAY, 6 DEC 2011
... save 20 billion euros ($A26.29 billion) but warning that it would not prevent the economy from slipping back into recession next year. He warned on Monday that Italy would "collapse" like Greece if it does not adopt harsh austerity measures. Dublin stocks ...

Market Wrap - Morning

AAP  |  MONDAY, 5 DEC 2011
... online ad company Admeld. LONDON - European shares rallied, boosted by optimism over a solution to the eurozone debt crisis at next week's EU summit and a surprise drop in the US jobless rate, capping a week of sharp gains. London's FTSE-100 index of ...