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Cooper stalls APRA data review

ALEX DUNNIN  |  TUESDAY, 10 NOV 2009
... superannuation statistics. In a statement issued late last week, APRA announced it would be suspending any introduction of the next steps in its statistics review project until after the Cooper Review has released its final report in mid-2010. The APRA ...

Job woes

BENJAMIN ONG  |  MONDAY, 9 NOV 2009
... annualised growth in US real GDP in the third quarter suggests that the economy is following the scrip. The labour market is next. This is underscored by the continued easing of job losses. For instance, an average of 645,000 jobs a month was lost between ...

December 25bps

BENJAMIN ONG  |  FRIDAY, 6 NOV 2009
... dollar is appreciating fast. China grew by 8.9 per cent in the third quarter and is expected to grow by more than 10 per cent next year. South Korea expanded by 1.5 per cent in the September quarter and forecast to expand by 4.1 per cent next year. India ...

Govt selects Medicare to run national clearinghouse

MICHELLE BALTAZAR  |  FRIDAY, 6 NOV 2009
... Superannuation minister Chris Bowen and small business minister Craig Emerson jointly announced this morning that starting July next year, small businesses with less than 20 people will be eligible to use Medicare's online services, at no charge, to ...

AMP Capital hires Barnes as senior portfolio manager

MICHAEL HOBBS  |  THURSDAY, 5 NOV 2009
... firm's statement said Barnes is expected to takeover some responsibility for the firm's Australian portfolios from January next year, specialising in resource sector research.

Market Wrap - Midday

AAP  |  THURSDAY, 5 NOV 2009
... said. "It feels like it wants to go down, but there is no catalyst for it at this stage. "The market will probably be looking next to (US) unemployment data coming out on Saturday." In the healthcare space at 1204 AEDT, CSL was up 19 cents at $31.09 ...

Stuck at zero

BENJAMIN ONG  |  THURSDAY, 5 NOV 2009
... parameters. A Bloomberg survey shows that financial markets do not expect the US central bank to move interest rates until August next year. Perhaps... Perhaps by that time the US economy has sufficiently gathered enough momentum to reverse the upward ...

Custodians under review

MICHAEL HOBBS  |  WEDNESDAY, 4 NOV 2009
... super funds had far more important things to focus on across assessing the investment structures," he said. "As we roll into next year, we anticipate funds taking an opportunity now to review custody arrangements." Local custodians know that they will ...

AMP appoints international MD

COMPANY RELEASE  |  WEDNESDAY, 4 NOV 2009
... international. Based in Hong Kong, Fasso will report to AMP Capital Investors managing director Stephen Dunne from early next year. Fasso will continue AMP Capital's expansion into Asia and strategic growth aspirations through offering clients investment ...

Boiling frog

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2009
... instead of the 0.5 per cent contraction forecast in the May Budget. This is because Australia is fortunate enough to sit right next to industrialising China. According to RBA Governor Glen Stevens, "Growth in China has been very strong, which is having ...