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Clear lines between ratings and research

RUTH LIEW  |  WEDNESDAY, 28 MAY 2008
Credit rating agencies and financial product research houses play vastly different roles when it comes to assessing the value of an investment, said Property Investment Research (PIR). Last week, the government ordered a review of ratings agencies and ...

Super savings on track

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2008
Just as new research confirms that Australians are on track for a retirement income equivalent to more than 90 per cent of average weekly earnings, concerns are growing about the damage rising inflation could have on these savings goals. AMP which has ...

Macq Prof Series appoints head of retail

Macquarie Professional Series (MPS) has appointed Adrian Stewart as its new head of retail distribution. Stewart was previously state manager for New South Wales with Challenger, with whom he worked for five years. He said the decision to join was easy ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 28 MAY 2008
... regaining ground. The benchmark Nikkei ended up 203.12 points at 13,893.31. It slid 2.3 per cent on Monday to book its lowest close in two weeks. HONG KONG - Stocks rose, tracking firmer regional markets, with China's top offshore oil and gas producer ...

Market wrap - midday

AAP  |  TUESDAY, 27 MAY 2008
The Australian share market opened higher today, led by energy stocks Woodside and Santos, after yesterday's more than one per cent decline. US stock markets and commodity trading in London were closed overnight, providing little direction. At 1211 ...

BT and Asgard to lead platform market

RUTH LIEW  |  TUESDAY, 27 MAY 2008
... largest platform provider with funds under administration of $108 billion. "A combined BT and Asgard would have something close to a third of all financial planners in Australia saying that [the combined entity] is their primary platform," said Mark ...

Market Wrap - Morning

AAP  |  TUESDAY, 27 MAY 2008
... prices, and hurt by losses in China Mobile after an industry reshuffle. The benchmark Hang Seng Index lost 586.76 points to close at 24,127.31, weighed down by a 8.15 per cent slide in China Mobile and 3.8 per cent fall in China Life. WELLINGTON - The ...

EQT and Trust end merger talks

MICHAEL HOBBS  |  MONDAY, 26 MAY 2008
... profile of our business," said Killen. Equity Trustees share price dropped more than five per cent on the previous day's close to $27.50 while Trust Company's share price fell more than two per cent to $10.70. Peter Williams, Equity Trustees managing ...

Market wrap - midday

AAP  |  MONDAY, 26 MAY 2008
... Friday on concerns over the rising price of oil. The Dow Jones industrial average dropped 145.99 points, or 1.16 per cent, to close at 12,479.63. The big miners were weaker, with BHP Billiton falling 88 cents to $46.61 by 1201 AEST and rival Rio Tinto ...

Online insurance lost in cyberspace

RUTH LIEW  |  MONDAY, 26 MAY 2008
... majority of the members surveyed in this age group, or 53 per cent, expected no savings from buying online despite their close alliance with the virtual world. This compares with 34 per cent of 18 to 34 year olds who did expect to receive a discount. ...