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Euro downs Supermodel

BENJAMIN ONG  |  TUESDAY, 18 MAY 2010
... level since April 2006. This is 14.6 percent below its value at the start of 2010. It did recover slightly to US$1.24 at the close of trade in the United States -- up 0.04 per cent from the previous day's close. Still nothing to write home about! How ...

Market Wrap - Morning

AAP  |  TUESDAY, 18 MAY 2010
... rebound in the euro steered the Dow Jones industrial average from a loss of 184 points at midday to a small gain by the close. Investors are looking at the euro as an indicator of confidence levels in the European economies. The 16-nation currency has ...

Gold is hip again

BENJAMIN ONG  |  MONDAY, 17 MAY 2010
Hang on to your hats... volatility has returned. We're in trouble again! And you know we're in trouble if that metal whose main use is to adorn the ears, noses, fingers and arms -- and for some, even unmentionable parts of the body -- starts making ...

Market Wrap - Morning

AAP  |  MONDAY, 17 MAY 2010
... eurozone's finances weighed on sentiment. The city's benchmark Hang Seng Index gave up 277.03 points, or 1.36 per cent, to close at 20,145.43. WELLINGTON - The New Zealand share market closed lower on a day in which other markets were even weaker as ...

AXA protects retirement income

MICHAEL HOBBS  |  FRIDAY, 14 MAY 2010
... to Rainmaker, the AXA North platform is the fastest-growing platform on the market, with its superannuation business up close to 400 per cent in 2009.

Market Wrap - Morning

AAP  |  FRIDAY, 14 MAY 2010
... their cue from a strong lead on the mainland and Wall Street. Hong Kong's benchmark Hang Seng Index added 209.97 points to close at 20,422.46. WELLINGTON - The New Zealand share market posted solid gains, helped by a recovery in Fletcher Building and ...

Norway pension manager expands into Singapore

PRESS RELEASE  |  THURSDAY, 13 MAY 2010
... in Shanghai that opened three years ago. The Government Pension Fund Global represents $2.7 billion (Norwegian Kroner). Close to 10 per cent of its funds are invested in Singapore, China, Japan, South Korea, Malaysia and Thailand. Yngve Slyngstad, chief ...

Pain in Spain

BENJAMIN ONG  |  THURSDAY, 13 MAY 2010
How do you say ouch in Spanish? They say money can buy happiness... but only if you have more than your neighbours. Or twisted to reflect the current environment of fiscal restraint -- Aussies still whinging at the absence of big give-away door prizes ...

Market Wrap - Morning

AAP  |  THURSDAY, 13 MAY 2010
... bargain hunters moved in following the previous session's losses. Hong Kong's benchmark Hang Seng Index added 65.98 points to close at 20,212.49. WELLINGTON - The New Zealand share market drifted lower in quiet trading as investors adopted a wait and ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 12 MAY 2010
... collapse continues in the NSW Supreme Court. In Australia on Tuesday, the Australian share market reversed early gains to close one per cent lower, as investors worried over the federal budget and the effectiveness of the $1 trillion bailout for debt-laden ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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