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No more short cuts

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
... financial services regulator has stepped in to ban the shorting of UK bank shares and other financials from today until January next year - mirroring the US regulator's move to tighten rules on short-selling to thwart speculators from causing more global ...

IRESS upgrades service

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
IRESS' next upgrade is providing financial planners with easier access to alternative income streams such as mortgage broking and the ability to create a statement of advice across all investment platforms faster. The firm's next update, version 130 ...

America on its knees

BENJAMIN ONG  |  THURSDAY, 18 SEP 2008
... gains wiped out from the S&P 500 and the Dow Jones Industrials index as investors speculated which mole's head would be the next to pop out and whacked by the US Treasury/Fed tandem. The Financial Standard Intelligence Unit's (FSIU) daily market comment ...

Reed fund not a concern: CEO

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
... Lehman Brothers. "Some of this [working capital] was earmarked to underwrite equity in the fund (and reduce gearing) over the next 12 months," said Bode. Bode said the fund would remain on hold until the group's ownership structure and working capital ...

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
... institution bleeds, they are back again, kissing the wound, bandaid on hand, ready to provide short term relief - until the next time the giant stumbles again. This was not the case back in the good ol' days (or bad ol' days depending on how you look ...

SMSFs maintain investment strategy

MICHAEL HOBBS  |  TUESDAY, 16 SEP 2008
... investing, they are favouring blue chip stocks, the report found. In fact, 61 per cent intend to invest in blue chip shares in the next 12 months. The Australian Prudential Regulation Authority (APRA) found SMSF assets grew $29 billion or 11 per cent ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
... the market upheaval. Economic releases are put on the back burner as investors speculate on which institution would be the next to fail - Goldman Sachs? Morgan Stanley? AIG? The Fed may well need to lower interest rates whether it wants to or not. The ...

Whac-a-mole

BENJAMIN ONG  |  MONDAY, 15 SEP 2008
... mole first popped out, they whack it in the head with a bailout, Fannie Mae and Freddie Mac's heads popped -- whack. Who's next? Lehman Brothers, Wachovia, AIG? These are large institutions that are also likely to be in the US Treasury's view 'too big ...

Mariner to shed more light on restructure

MICHELLE BALTAZAR  |  MONDAY, 15 SEP 2008
Mariner Financial is to announce its long awaited results, delayed for two weeks, in the next couple of days - with executive chair Bill Ireland expected to provide more details on the proposed recapitalisation of the business. Shares in Mariner were ...

Statewide confirms Bravura deal

RUTH LIEW  |  FRIDAY, 12 SEP 2008
... the pensions and investments software, but the development and subsequent rollout of Sonata SuperB will take palce in the next financial year. The fund is expected to increase functionality as a result of the implementation, while the Service Orientated ...