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FEATURE: The new financiers of infrastructure

JAMES FERNYHOUGH  |  FRIDAY, 12 SEP 2014
... Basel III has changed that. In the newly-restrictive lending environment, banks are approaching things differently, while non-bank investors are finding a new market in infrastructure debt opening up. James Fernyhough reports. With mushrooming funds ...

Market Wrap AM

AAP  |  FRIDAY, 12 SEP 2014
... years. The pound rallied on easing concerns about Scotland's independence vote and hawkish comments from the governor of the Bank of England on interest rates. Tokyo on Thursday climbed 0.76 per cent, or 120.42 points, to finish at an eight-month high ...

SMSF collapses imminent in hunt for yield

ALICE URIBE  |  THURSDAY, 11 SEP 2014
A chase for yield, combined with investor empowerment and lack of education could be the perfect storm for a large scale self-managed superannuation fund (SMSF) collapse, according to Aberdeen Asset Management (Aberdeen). Speaking at a media briefing ...

Liberalise economy or prepare for war, warns economist

JAMES FERNYHOUGH  |  THURSDAY, 11 SEP 2014
... with cyclical problems, not the structural crises such as the ones he claims we are currently in. He singled out the Reserve Bank of Australia, saying: "The RBA is a little bit schizophrenic. You can't have it both ways: if you cheapen your currency ...

Market wrap PM

AAP  |  THURSDAY, 11 SEP 2014
The share market has given back its early gains due to weakness from the miners, retailers and Commonwealth Bank. Shares opened slightly higher after a positive lead from Wall Street, but by noon the main indices were back in negative territory. "Following ...

A tale of two A's

BENJAMIN ONG  |  THURSDAY, 11 SEP 2014
We were treated to a tale of two A's over the past 24 hours - Apple and the A dollar. It was the best of times. Apple scripts jumped by 3.1% -- up 26% this year -- after launching its new products into the market. "Apple announced a smartwatch, mobile-payments ...

Market Wrap AM

AAP  |  THURSDAY, 11 SEP 2014
... oil prices dropped to new multi-month lows. Caterpillar, another Dow component, shed 1.4 per cent following a downgrade by Bank of America Merrill Lynch. LONDON - Europe's main stock markets have closed mixed amid concerns about French public finances ...

Market Wrap PM

AAP  |  WEDNESDAY, 10 SEP 2014
... Rio Tinto fell 30 cents to $61.47 and Fortescue Metals slid five cents to $3.99. Among the major banks, National Australia Bank fell 12 cents to $34.51, Westpac lost 14 cents to $34.46, while ANZ was 18 cents lower at $33.30 and Commonwealth Bank dropped ...

Why are bonds no longer a safe haven?

ALICE URIBE  |  WEDNESDAY, 10 SEP 2014
The reputation of bonds as being a safe haven is being challenged by a surge in global financial market re-regulation, according to UBS head of investment strategy Tracey McNaughton. At a media briefing in Sydney yesterday McNaughton said that the repeal ...

Ai Group defends super in awards

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... that most do not exercise their right to choose another fund." Ai Group's support of the current system pits it against the bank lobby, as represented by the Financial Services Council (FSC); but it also pits them against fellow business body the Australian ...