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Showing 7071 - 7080 of 10709 results for "May 2011"

Market Wrap - Morning

AAP  |  WEDNESDAY, 6 JUN 2012
The Australian market looks set to open slightly higher following moderate gains on Wall Street overnight. At 0750 AEST on Wednesday, the June share price index futures contract was up seven points at 4,061. In economic news on Wednesday, the Australian ...

Shareholder backlash hits Macquarie MGU

MELANIE TIMBRELL  |  TUESDAY, 5 JUN 2012
Western Investment LLC, a large shareholder in Macquarie Global Infrastructure Total Return Fund, has publicly criticised the fund's board of directors, claiming they are failing to act in shareholders' best interests. Western Investment (Western) is ...

Market Wrap - Morning

AAP  |  TUESDAY, 5 JUN 2012
SYDNEY - The Australian market looks set to open higher after mixed results on Wall Street overnight. At 0756 AEST on Tuesday, the June share price index futures contract was up 20 points at 4,017. In economic news on Tuesday, the Reserve Bank of Australia ...

SuperStream levy unclear

MELANIE TIMBRELL  |  MONDAY, 4 JUN 2012
The Financial Services Council has raised concerns on the expenditure of monies levied on the industry to pay for SuperStream and the manner in which they are to be raised. Speaking at public hearings of the Parliamentary Joint Committee Inquiry into ...

Eurozone to craft a reforms roadmap

BEN COLLINS  |  MONDAY, 4 JUN 2012
The heads of four key European institutions are hammering out a 'masterplan' to lead the eurozone out of its crisis, according to recent reports. European Central Bank chief Mario Draghi, European Union president Herman Van Rompuy, EU Commission head ...

NSW universities face $4.3bn in super liabilities

BEN COLLINS  |  MONDAY, 4 JUN 2012
The New South Wales auditor-general has cited a "critical need" for NSW universities to negotiate funding arrangements for superannuation liabilities with the Australian Government, after an audit of the state's 10 universities. The affected schemes ...

"If it becomes necessary" time?

BENJAMIN ONG  |  MONDAY, 4 JUN 2012
Stop looking. There are no ifs, no ands, no ors, and no buts to find, it's getting ugly out there. Oh yes Virginia, the combed over look ugly as events and indicators of the past week suggest that we are coming into, if not already in, a perfect storm. ...

Market Wrap - Morning

AAP  |  MONDAY, 4 JUN 2012
SYDNEY - The Australian market looks set to open lower following major falls on Wall Street and European bourses on poor US jobs data and weak economic news from China and the eurozone. At 0750 AEST on Monday, the June share price index futures contract ...

APRA: Third line of defence in Trio-style fraud

BEN COLLINS  |  FRIDAY, 1 JUN 2012
While accepting that the Australian Prudential Regulation Authority could have done more, deputy chairman Ross Jones has moved to distance the regulator from the Trio disaster, placing the blame with trustees and auditors. "APRA's prudential supervision ...

Advice frameworks need an overhaul

MELANIE TIMBRELL  |  FRIDAY, 1 JUN 2012
Traditional risk profiling is failing to meet client needs, according to actuarial and consulting firm Milliman Australia, which has found advice and product development should instead be driven by individual investor objectives. "We found that as structural ...