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| | | ... the June share price index futures contract was up 11 points at 5,835. In local economic news on Thursday, the Commonwealth Bank's Business Sales Indicator for March is due out, as is the National Australia Bank's quarterly business survey. Meanwhile ... |
| | | | ... on superannuation fees. In a statement, ISA chief executive David Whiteley said the report served as further evidence of bank-owned super funds "dragging down" Australia's superannuation system. "Not only has the bank-owned sector underperformed industry ... |
| | | | ... which strips out the effects of volatile price movements, indicated an annual rate of 2.35% which is well within the Reserve Bank's target range. That caused the Australian dollar to bounce almost half a US cent to 77.60 US cents and the sharemarket ... |
| | | | National Australia Bank Asset Servicing (NAS) has been reappointed as custodian for AMIST Super for a further five years. NAS has been AMIST Super's custodian since 2003. NAS general manager Matthew Brown said: "We look forward to continuing to grow ... |
| | | | ... Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. NAB advice ... |
| | | | ... done wrong, once the investigation starts, run away and you don't get a chance to sack them." He noted this prevented the bank from citing the reasons for terminating an employee to ASIC. Promoting transparency of adviser misconduct through ASIC's register ... |
| | | | As expected, the Bank of England (BOE) decided to do nothing at its 9 April monetary policy meeting, stating that: "The Bank of England's Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to ... |
| | | | ... However it gave up some of the morning's gains, going from 0.9 per cent to 0.6 per cent higher after the release of the Reserve Bank's (RBA) minutes from its recent meeting signalled it was undecided about an interest rate cut. Quay Equities head of ... |
| | | | ... Tuesday, the June share price index futures contract was up 37 points at 5,864. In local economic news on Tuesday, the Reserve Bank of Australia releases its April board meeting minutes while RBA governor Glenn Stevens delivers a speech at an American ... |
| | | | Impressive! Nah Virginia, I refer not to the big bouncy bouncy Wall Street and European equity markets did last night - which almost instantaneously affirmed the rant I scribbled on this space yesterday that "the bad and the bad and the bad" that spooked ... |
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