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Industry funds primed for more planning deals

MATT WOODINGTON  |  THURSDAY, 12 MAY 2011
Industry funds are expected to follow AustralianSuper's lead in forming closer alliances with financial planners, as they look to provide advice to more members. News that the $37 billion AustralianSuper will partner with six financial planning groups ...

Market Wrap - Midday

AAP  |  THURSDAY, 12 MAY 2011
... Don Voelte. The spot price of gold in Sydney at 1207 AEST was $US1,503.60 per fine ounce, down $US20.40 from Wednesday's close of $US1,524. Gold miner Newcrest was down $1.04, or 2.63 per cent, at $38.46. Making headlines on Thursday, BlueScope flagged ...

Market Wrap - Morning

AAP  |  THURSDAY, 12 MAY 2011
... points. Stocks fell broadly, with energy and materials companies suffering the worst declines. The Dow lost one per cent to close at 12,630.03. The S&P 500 fell 15.08, or 1.1 per cent, to 1,342.08. The Nasdaq composite lost 26.83, or 0.9 per cent, to ...

Macquarie top mandate catchers

ALISON BEVEGE  |  WEDNESDAY, 11 MAY 2011
Investment managers Macquarie Group won 20 new mandates last year - the most of any institution - putting it well ahead of second-placed Schroders according to the latest edition of Rainmaker's Mandate Chaser report. Schroders won 14 mandates, beating ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 11 MAY 2011
The Australian market has opened strongly following upbeat performances in markets broadly overnight. At 1034 AEST, the benchmark S&P/ASX200 index was 45.3 points higher at 4,771.1, while the broader All Ordinaries index had also risen 45.3 points to ...

Bloomberg Tradebook taps into research vein

ELISE BURGESS  |  WEDNESDAY, 11 MAY 2011
Bloomberg Tradebook has released new client-focused programs in a bid to build up its research offerings, with a focus on transparency and client access to information. Available to their Australian clients, the global agency broker has introduced an ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 11 MAY 2011
The Australian market is expected to open higher on Wednesday, following upbeat performances in markets broadly overnight. On the ASX 24 at 0659 AEST, the June share price index futures contract was 47 points higher at 4,766. In economics news, markets ...

Regulators cautioned on world exchanges

ELISE BURGESS  |  TUESDAY, 10 MAY 2011
... of their development and have the opportunity to make the most of the growth opportunities," said D'Aloisio, adding that close dialogue and cooperation is needed to take advantage of such opportunities. D'Aloisio said that good communication between ...

Market Wrap - Morning

AAP  |  MONDAY, 9 MAY 2011
... prices and reversed a four-day slump for stocks. The Dow Jones industrial average gained 54.57 points, or 0.4 per cent, to close at 12,638.74. The Standard & Poor's 500 index rose 5.10, or 0.4 per cent, to 1,340.20. The Nasdaq composite rose 12.84, or ...

Backpedals

BENJAMIN ONG  |  MONDAY, 9 MAY 2011
... quarters" and "The Bank expects that, as the temporary price shocks dissipate over the coming quarters, CPI inflation will be close to target over the year ahead." That's fine. Some in the financial markets even pencilled in a rate cut (C-U-T) after ...