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NAB boosts private equity admin

MATT WOODINGTON  |  FRIDAY, 4 FEB 2011
National Australia Bank's Asset Servicing division has signed an agreement with BNY Mellon to introduce private equity administration and middle office services for superannuation and fund managers. Leigh Watson, executive general manager in Asset Servicing ...

Market Wrap

AAP  |  FRIDAY, 4 FEB 2011
... 5,983.34 points, and in Paris the CAC 40 dropped 0.74 per cent to 4,036.59 points. In Frankfurt, the DAX bucked the trend to close up 0.14 per cent at 7,193.68 points. Elsewhere in Europe, Swiss stocks ended off 0.13 per cent, Brussels slipped 0.14 per ...

QIC creates new role of MD Insto Business

ELISE BURGESS  |  THURSDAY, 3 FEB 2011
Former Perennial Investment Partners business development executive Cliff Smith has joined fund manager QIC as managing director of institutional business. In the newly created role, Smith will be responsible for developing relationships with major ...

Egypt not just another pyramid scheme

ALEX DUNNIN  |  THURSDAY, 3 FEB 2011
... oil prices have already risen sharply against trend from $84 to $91 per barrel amid concerns new Egyptian leadership might close the Suez Canal and the Sumed pipeline which together carry about 3 million barrels of oil a day. This canal and pipeline ...

One voice

BENJAMIN ONG  |  THURSDAY, 3 FEB 2011
... European leaders have found their mojos... or so it seems. The current buzz in the Continent is that governments are very close to agreeing on a cohesive plan to tackle the debt crisis and defend the euro. Yup, they're close to agreeing and... with each ...

Market Wrap - Morning

AAP  |  THURSDAY, 3 FEB 2011
... reporting season begins to gather pace. In New York, News Corporation issues half year and second quarter results after market close on Wall Street (0800 AEDT). In Australia, Tabcorp Holdings Ltd also issues first half results. The chief executive officer ...

Market Wrap

AAP  |  WEDNESDAY, 2 FEB 2011
The Australian stock market has opened firmer, with the banks and miners in the black as investors took their cues from offshore. At 1015 AEDT, the benchmark S&P/ASX200 index was up 49.6 points, or 1.06 per cent at 4801.7, while the broader All Ordinaries ...

PC recommends govt-backed aged care equity release

ALEX DUNNIN  |  WEDNESDAY, 2 FEB 2011
... to facilitate the redistribution of resources between individuals according to need." Submissions to the PC draft report close 21st March.

Better and better

BENJAMIN ONG  |  WEDNESDAY, 2 FEB 2011
"It's getting better all the time Better Better Better It's getting better all the time Better Better Better. Getting so much better all the time." - Beatles Less than a week ago, I wrote on this space, "it's just a matter of a few sleeps till we get ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 2 FEB 2011
The Australian market is receiving strong, positive leads from offshore trading overnight, with Wall St indices turning in robust performances on strong earnings reports. Metals were higher, although oil eased. On the ASX 24 at 0828 AEDT, the March ...