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Hong Kong's millionaire factory

MICHAEL HOBBS  |  FRIDAY, 2 NOV 2007
... faster than Singapore's, with Singapore millionaire numbers expected to rise by 7.3 per cent compounded annually over the next 4 years.

Cbus appoints new chief

Cbus has appointed a new chief executive to replace Sandy Grant, who is retiring early next year. Grant's successor is David Atkin, who was most recently the chief executive of ESSSuper, the $19 billion Victorian public sector fund. Prior to ESSSuper ...

Sustainable audits need more structure

MICHAEL HOBBS  |  THURSDAY, 1 NOV 2007
Two in five companies are at risk of not fully complying with a new emission auditing law that will come into effect next year, according to a new study. A joint Jones Lang LaSalle and CoreNet Global research study found only one in five Australian ...

Epoch boutique heads Down Under

... said, explaining that given the demand for international equities and the popularity of Australian equities boutiques, the next logical step is the proportional demand for international equities specialists. Founded in 2004, Epoch is a $7 billion investment ...

Market Wrap - Midday

AAP  |  THURSDAY, 1 NOV 2007
... there is a tendency to go a little bit sideways." He said the market awaited a meeting of the Reserve Bank of Australia early next week. "There are expectations there could be a tightening on Melbourne Cup day... which will to a degree impact our currencies ...

ASIC releases guide for unlisted debentures

CHRIS NICHOLLS  |  THURSDAY, 1 NOV 2007
... disclose their adherence to the benchmarks in any prospectus and advertising. ASIC said existing issuers have until March 1 next year to specifically report against the benchmarks to their existing clients by issuing either a replacement or supplementary ...

Equities without borders

CHRIS NICHOLLS  |  WEDNESDAY, 31 OCT 2007
... no doubt they've got a ton of momentum. The question is, is it going to continue?" He cited BHP's example, where based on next year's earnings, it was trading at 15-16 times earnings. "That is reflecting all of that price gain and extrapolating that ...

That four-letter word

SUZY MAC  |  WEDNESDAY, 31 OCT 2007
... Debt Survey September 2007 that found four in five Australians are worried about their ability to pay their debts in the next 12 months. Of these people, 51 per cent were concerned about a rise in interest rates and 60 per cent about a rise in living ...

MLC reduces SOA burden

MICHAEL HOBBS  |  TUESDAY, 30 OCT 2007
... friendly. Greg Miller, general manager of advice solutions at MLC, said the new templates would be available for advisers next month. "This compact SoA equates to a reduction in preparation time for advisers of around 20-25 per cent," he said. Miller ...

ING IM tailored to suit

... Australia, to accommodate further growth. McClatchy expects to grow their current headcount of 175 by 25 to 30 per cent within the next twelve months. But the message ING IM seems to be sending is that the "quiet revolution" happening in the super funds ...