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PLUM's new chief to push comms

RUTH LIEW  |  THURSDAY, 11 DEC 2008
... 2009. Carter, who took over the reigns from ex-managing director Mike Fitzsimons in September, said PLUM intends to roll out close to $5 million in investment projects over the next quarter, although some of these might have to take a seat behind communication ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 DEC 2008
The Australian stock market is expected to open higher after commodity prices, including gold, oil and copper, gained overnight. At 0816 AEDT on the Sydney Futures Exchange, the December Share Price Index futures contract was up 41 points at 3,662. ...

Infrastructure still key to returns

RUTH LIEW  |  WEDNESDAY, 10 DEC 2008
Industry super funds' appetite for unlisted infrastructure assets will not wane despite the financial crisis because the sector's investment nature aligns closely with the funds' long term goals, said David Whiteley from the Industry Super Network. ...

Lowenhaupt Global Advisors lands in Oz

RUTH LIEW  |  WEDNESDAY, 10 DEC 2008
US-based specialist financial advisory firm Lowenhaupt Global Advisors has set up shop in Sydney. Lowenhaupt Global Advisors, a firm that calls wealthy families its niche audience, has opened a Sydney office - the latest addition to the firm's existing ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 10 DEC 2008
... its proposed merger with AHM. On Tuesday, the Australian share market ignored a strong rally by big resources stocks to close lower after heavy falls among local banks. The benchmark S&P/ASX200 index lost 27.3 points, or 0.75 per cent, to 3,604.3, while ...

Pengana wins $50m Auscoal mandate

RUTH LIEW  |  TUESDAY, 9 DEC 2008
The $4.6 billion industry fund Auscoal Super has appointed a $50 million mandate with Pengana Capital. The coal-mining industry super fund invested the $50 million into the Pengana Global Volatility fund. According to Pengana, the placement follows ...

Market Wrap - Morning

AAP  |  TUESDAY, 9 DEC 2008
... Nasdaq composite index jumped 62.43, or 4.14 percent, to 1,571.74. LONDON - European stock markets posted huge gains at close of trade Monday, with London up 6.19 per cent, on prospects for fresh government action against the financial crisis. The London ...

All I want for Christmas is a job

BENJAMIN ONG  |  MONDAY, 8 DEC 2008
... the biggest one-month fall in 34 years. This brings the total number of Americans thrown into the unemployment scrapheap close to two million (1.9 million) this year. The bulk of the pink slips - 1.25 million - were handed in the past three months alone. ...

Market Wrap - Morning

AAP  |  MONDAY, 8 DEC 2008
The Australian stock market is expected to open higher after US shares gained on Friday. Resource stocks may decline after the price of commodities, including gold, oil and copper, fell late on Friday. At 0806 AEDT on the Sydney Futures Exchange, the ...

Scary Money

BENJAMIN ONG  |  FRIDAY, 5 DEC 2008
... chop. Given the low level of interest rates in most economies, and with inflation still positive, real interest rates are close to or already negative. This means that central banks are virtually giving money away to anyone who wants to borrow. But herein ...