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Cbus invests in direct property

MICHELLE BALTAZAR  |  MONDAY, 9 FEB 2009
... Property is excited to join DEXUS and DEXUS Wholesale Property Fund (DWPF) in such an iconic development that represents the next generation of Australian building design innovation," said Cbus Property chief executive Adrian Pozzo. Pozzo added that ...

Market Wrap - Morning

AAP  |  FRIDAY, 6 FEB 2009
... cent to battle recession. The European Central Bank held rates steady at 2.0 per cent, but analysts forecast another cut next month. London's FTSE index rose a fractional 0.01 per cent, or by 0.33 point, to close at 4,228.93. FRANKFURT - The DAX index ...

Small businesses to get two-year SG relief

MICHAEL HOBBS  |  THURSDAY, 5 FEB 2009
... help small businesses by paying a portion of the Superannuation Guarantee obligations on behalf of small employers for the next two years, under a proposal announced yesterday. Businesses with 20 or fewer staff are eligible under the proposal, equivalent ...

Suncorp chief departs

MICHAEL HOBBS  |  THURSDAY, 5 FEB 2009
... appropriate time for the board to advise the market of our intention to commence the transition of leadership to focus on the next phase of the group's development," he said. "I am very proud of what the group has achieved since 2003. Our achievements ...

RARE wins $10m mandate

RUTH LIEW  |  THURSDAY, 5 FEB 2009
... the asset consultant of AvSuper. "Listed global infrastructure has solid foundations and is set to grow strongly over the next five to ten years. "The trustee expects that this increasing and diverse investment has the potential to provide additional ...

Merry Christmas retailers

BENJAMIN ONG  |  THURSDAY, 5 FEB 2009
... services advanced by 1.7 per cent. Year-on-year, sales were up by 5.7 per cent in December. If this is going to repeat with the next lot of dole-outs, and hopefully so given another 100 basis points lopped off mortgage rates, then Australia might just ...

Industry unites for super message

MICHAEL HOBBS  |  WEDNESDAY, 4 FEB 2009
With the public set to receive their super statements next month, nine financial services industry bodies made the unprecedented move to join forces and deliver a single message to investors and retirees. The Superannuation Stakeholder Group produced ...

Property re-pricing to come in waves

MICHELLE BALTAZAR  |  MONDAY, 2 FEB 2009
... its predictions on the performance of the property sector, particularly direct property (or private equity in US) over the next couple of years. It said that the magnitude and timing of the sector's re-pricing will vary depending on the region. The UK ...

Darkest before dawn

BENJAMIN ONG  |  MONDAY, 2 FEB 2009
... there we have it. If the January effect holds, US equity investors and the rest of us should all go on vacation and come back next year. The January effect postulates that the US stock market's performance for the entire month of January predicts the ...

Sherry's to-do list for 2009

RUTH LIEW  |  FRIDAY, 30 JAN 2009
... their ratings processes. This includes conflicts of interest management. Senator Sherry will be convening several roundtables next month on CRAs.