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The Rock and MyState merger approved

ELISE BURGESS  |  TUESDAY, 29 NOV 2011
... allow both firms to expand the scale of their operations geographically and achieve economies of scale. "This merger is the next logical step in The Rock's development, providing a broader offering for customers and a real alternative to the bigger banks ...

Affinity launches wholesale property fund

RACHEL DAVIS  |  MONDAY, 28 NOV 2011
... property market, valued at over $3.4 trillion. Affinity also expects to launch a retail fund aimed at DIY super funds in the next 12 months. Distinct from direct investment or REITs, the Affinity Property Fund enables access to the residential property ...

Those tight Aussies

BENJAMIN ONG  |  MONDAY, 28 NOV 2011
... from 2002 to 2005. Only the savings ratio of Ireland (14.4%), Belgium (11.0%) and Germany (10.9%) are expected to be higher next year. I wonder, wonder why? While Belgium and Germany have historically had high household savings rates, make no mistake ...

Private sectors eyes NSW infrastructure deal

ELISE BURGESS  |  FRIDAY, 25 NOV 2011
... wires, valued at $30 billion, will remain under the public hold. The legislation will be introduced when parliament resumes next year. The private investment sector has said the trend of private ownership and the operation of such assets will continue ...

Hunter Hall names Lowenstein replacement

ELISE BURGESS  |  FRIDAY, 25 NOV 2011
... Fund Services placed six Hunter Hall funds on hold with plans to review in the coming weeks. "S&P will meet with Hunter Hall next week, and seek to understand how Mr. Lowenstein's investments will be managed, before reviewing the 'On Hold' ratings," ...

Nothing new

BENJAMIN ONG  |  FRIDAY, 25 NOV 2011
... still on Asia, Reuters reports China's industry ministry predicting industrial production growth to slow to around 12%-13% next year from 14% this year because of cooling activity at home - due to tight monetary conditions - and abroad - due to weakness ...

Westpac Group restructure, Coombe resigns

CLAIRE MCGREAL  |  THURSDAY, 24 NOV 2011
... relationship focused business strategy and a distinctive multi-brand approach. We now have a strong platform to drive the next phase of our strategy," said Kelly. The AFS division will also include the product responsibilities for Australian banking ...

Another lonely night

BENJAMIN ONG  |  THURSDAY, 24 NOV 2011
... might ease their recalcitrance to EU plans and measures on crisis resolution now that the ill winds that's battered their next-door neighbours are blowing in their direction. Lonely night in the US too as reports show that American consumers weren't ...

Lookin' for trouble

BENJAMIN ONG  |  TUESDAY, 22 NOV 2011
... super failed to reach common ground on how to cut at least US$1.2 trillion from the budget deficit over 10-years starting next year. So what else is new in dysfunctional Washington? Republicans don't want tax increases, especially on wealthy Americans ...

Market Wrap - Morning

AAP  |  TUESDAY, 22 NOV 2011
... overnight amid an apparent failure to reach a deal on cutting the US budget deficit and to extend stimulus measures into next year. London's FTSE-100 gave up 2.62 per cent, Frankfurt's DAX lost 3.35 per cent and France's CAC-40 dropped 3.41 per cent. ...