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GWA opens Melbourne office

MICHAEL HOBBS  |  TUESDAY, 24 FEB 2009
... provider, Global Wealth Allocation (GWA) has opened a Melbourne office and plans to launch a suite of Australian products in the next six months. Former GWA UK head of research, Tony Sutton returns to Australia to manage the Melbourne office after being ...

China could own America

BENJAMIN ONG  |  TUESDAY, 24 FEB 2009
... free loans and cheaper insurance premiums seeing that they virtually own these companies? Citigroup and Bank of America are next in line, then it'll be the carmakers turn. Wow! How good is that? Mr. And Mrs. Jones owning two of the biggest global banks ...

ETF assets to reach $1.6 trillion

RUTH LIEW  |  MONDAY, 23 FEB 2009
Exchange traded funds (ETF) assets are set to eclipse the $1.6 trillion mark in the next two years - $500 billion more than its current assets, new research by Strategic Insight shows. Assets in global exchange traded funds raked in more than $1.1 trillion ...

ASIC catches short sale bungle

PRESS RELEASE  |  FRIDAY, 20 FEB 2009
... on 28 February this year. The sell order traded on the ASX, but Droga Capital did not own any shares in the company. The next day, Droga placed an order to buy one million Finders Mines share once he realised the firm did not own any. The regulator accepted ...

Treasuries still strong: ML

RUTH LIEW AND MICHAEL HOBBS  |  THURSDAY, 19 FEB 2009
Investors with funds invested in US Treasuries should hang on to their investments for at least the next six months - despite some punters voicing fears that the sector might be next asset class in the US to implode, according to an industry expert. ...

National clearing house shake-up

ALEX DUNNIN  |  THURSDAY, 19 FEB 2009
... Research by Rice Warner Actuaries argues this method could save the industry $14 billion in administration costs over the next decade. Rosenthal said the virtual model has other benefits as well, especially for small business. "Using this process, the ...

Moral hazard on Main Street

BENJAMIN ONG  |  THURSDAY, 19 FEB 2009
... investment institutions and investors. This time, it is the American homebuyer's turn, courtesy of President Obama. Who's next? Credit card borrowers? Personal loans? Reading through the news reports, I noticed very minimal criticism of Obama's fresh ...

Drinking is bad

BENJAMIN ONG  |  WEDNESDAY, 18 FEB 2009
... the fourth quarter of last year prompted the government to propose another 20 trillion yen in additional spending for the next fiscal year starting in April. Again, all well and good...if it could through the Parliament and implemented immediately. Prime ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 FEB 2009
... emergency aid. Japanese Finance Minister Shoichi Nakagawa said on Tuesday that he would resign after passing the budget for next fiscal year, following criticism of his behaviour at a weekend G7 news conference in Rome, though the news may be neutral ...

Insurance bonds renaissance

RUTH LIEW  |  TUESDAY, 17 FEB 2009
... partnering with Plan for Life to recognise the best life companies, annuity providers and investment bonds for the year at next Wednesday's Plan for Life/AFA Life Company of the Year 2008 Awards. The two organisations have introduced a new category ...