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PDS notices to go online: ASIC

MEDIA RELEASE  |  TUESDAY, 18 NOV 2008
... with new legislations requiring all notifications about a product disclosure statement to be lodged online starting early next year. From 1 January 2009 notifications to ASIC about a PDS will need to be made electronically. The changes are a result of ...

Rebalance now, reap rewards later

RUTH LIEW  |  MONDAY, 17 NOV 2008
... October. Russell urged Investors to rebalance their portfolios based on their risk tolerance, not on what they think will be next boom sector. Strategic rebalancing is motivated by long-term concerns, whereas market timing is driven mostly by short term ...

All together now

BENJAMIN ONG  |  MONDAY, 17 NOV 2008
... has picked up enough momentum that it could not easily be reversed even if the G20 implemented some sort of action the very next day. All they could hope for at this time is to restore frayed confidence with their show of unity. The League of Nations ...

ASIC lifts shorting ban on non-financials

MICHAEL HOBBS  |  FRIDAY, 14 NOV 2008
... Securities and Investments Commission (ASIC) is lifting its short selling ban on non-financial securities from Wednesday next week. This decision follows an extension of the ban last month. This announcement does not affect the ban on covered short selling ...

Northern Trust granted Aussie bank licence

MICHAEL HOBBS  |  THURSDAY, 13 NOV 2008
... of the year as a result of receiving a banking licence. "This approval by the government will take Northern Trust to the next level in Australia, a key market for our development plans in the Asia Pacific region and globally," said Gregg Behrens, Northern ...

Bail-out Plan B

BENJAMIN ONG  |  THURSDAY, 13 NOV 2008
... Chairman to be seen to be doing something to put Humpty Dumpty back together again. It will be another four years until the next president is elected and they do not want to be the ones holding the toxic asset bag for all this time, particularly when ...

Vision Super eyes banking within super

MICHELLE BALTAZAR  |  WEDNESDAY, 12 NOV 2008
... credit, savings or super?" The product is currently being piloted and will be officially available to members in February next year.

Banks to reprioritise IT spending

THESHEET.COM WITH ALEX DUNNIN  |  WEDNESDAY, 12 NOV 2008
Australian banks are expected to invest in key risk technologies to boost their defensive position over the next 12 months in response to the global credit crisis. IT expenditure will come under new scrutiny but the area is no longer regarded as an ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 12 NOV 2008
... Inc posted a sharp drop in revenue and said it was too difficult to predict what the luxury homebuilder's profit would be next year. Investors are also jittery as the nation's automakers try to get a bailout from the government. General Motors Corp ...

Depression talk ill-informed and ignores history

MICHELLE BALTAZAR  |  TUESDAY, 11 NOV 2008
2008 is not 1929 and the world is not about to see the next Great Depression anytime soon, explained James Swanson, the chief investment strategist of US-based MFS Investment Management. Visiting Australia late last month, Swanson said the rounds of ...