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Market wrap

AAP  |  MONDAY, 3 APR 2006
... surge saw the benchmark sharemarket index cross the finish line in record breaking fashion yet again. After floundering in the red for much of the day, the NZX-50 bounced up 7.36 points late in the session to finish at a fresh closing high of 3702.48. ...

DSTi wins tech mandate from Tassie's RBF

Tasmania's Retirement Benefits Fund (RBF) has launched the first stage of its new automated workflow solution, courtesy of DSTi. The workflow solution, called AWD, is designed to increase automation, improve compliance and reduce the costs associated ...

ASIC pulls up reverse mortgage award winner

An award winning reverse mortgage provider has been told by ASIC to change its advertising, after it was red flagged for misleading to consumers. Transcomm Credit Co-operative Limited (Transcomm) is Personal Investor Magazine's 2005 reverse mortgage ...

Fidelity doubles commitment to Australia

... added, "This is the kind of business we want more of, it means the creation of higher skilled jobs." And as the Premier cut the red ribbon, he joked that the last time he performed the same function was at the unveiling of the Cross City Tunnel. "I hope ...

Daily economic update

Financial markets will be hoping to get more clues on the outlook for US monetary policy from speeches by Federal Reserve officials later today. Fed Chairman Ben Bernanke will deliver a speech entitled, 'Reflections on the Yield Curve and Monetary Policy,' ...

AXA adds NCAPs to its arsenal for over 55s

AXA has added non-commutable allocated pensions (NCAPs) to its adviser and platform channels in a bid to capture more of the over 55s market who are searching for income streams or tax benefits. AXA's head of superannuation and retirement incomes, Andrew ...

Weekly economic round-up

There was light news in terms of domestic economic data last week but the few pieces that were released painted a more positive tone for the Australian economy. The latest surveys of Australian business and consumer sentiment both showed improving confidence. ...

Australian equities stronger for longer: Ausbil Dexia

... process." He saw little reason to believe the bull run of recent times would turn bearish, though returns would cool from their red-hot patch. "What's been driving the Australian equities market is incredibly strong earnings per share growth. Our view ...

Daily economic update

The National Australia Bank's (NAB) latest monthly business survey shows improvement in domestic business conditions and confidence. The NAB business conditions index increased to 10 points in February from eight in the previous month while the index ...

Bribery and corruption policies hard to find

On the back of the AWB scandal, research from the Centre for Australian Ethical Research (CAER) reveals that only half of Australia's largest companies have policies banning bribery or corruption. The research, which looked at companies in the S&P/ASX ...