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Commonwealth Bank chief calls for raised labour productivity

AAP  |  THURSDAY, 20 NOV 2003
... government's intergenerational report made it clear Australia would lose 0.75 per cent per capita per annum off GDP over the next 30 years, compared to the last 30 years, because of the aging population. "Even though our projected position in 2042 is ...

Treasury warns on global recovery

AAP  |  THURSDAY, 20 NOV 2003
... advertising professionals. A separate survey indicated the economy would grow even faster than expected in the first half of next year. The growth rate of the Westpac-Melbourne Institute Leading Index of Economic Activity, which indicates the likely ...

Economic indicator pointing to stronger growth momentum

AAP  |  WEDNESDAY, 19 NOV 2003
... than had earlier been indicated, he said. Westpac said it expected official interest rates to reach 5.75 per cent by early next year, with the growth momentum to slow back below trend by mid 2004, eliminating the need for higher rates. "We expect that ...

Afternoon market wrap: shares closed mixed

WITH AAP  |  TUESDAY, 18 NOV 2003
... further economic data coming out and some growth figures both here within Australia and our trading partners before we see the next leg up." AMP -0.010 6.140 ANZ Bank +0.320 16.670 BHPBilton +0.010 11.130 CBA +0.020 27.600 NAB +0.090 28.730 NewsCorp ...

Small business conditions improve in November quarter: ACCI

AAP  |  TUESDAY, 18 NOV 2003
... 14-year lows. Both wages and non-wage labour costs rose in November and businesses expected the trend to continue over the next six months. ACCI said the availability of qualified employees had also emerged as a stumbling block to growth for small, medium ...

Midday Market Wrap: Dollar weaker

... months trendline everyone's been talking about - around the $US0.7090 area. "If we go down through that, $US0.7037 is the next stop, and then after that it's going to be quite a big shake-out. "The market's very long, and looking for triggers for the ...

Morning Market Wrap: Dollar hovers at $US0.7200

... against the yen. While the local unit may be a bit extended and vulnerable to short term pullback, there was more upside into next year, according to AMP Henderson's weekly market update. The upside into next year reflected the broad backdrop of US dollar ...

Air NZ to announce NZCC appeal intention next week

Air New Zealand will announce next week if it will appeal the New Zealand Commerce Commission (NZCC) decision to block the airline's $NZ550 million ($A500 million) tie-up with Qantas. The Air New Zealand board met today to consider independent legal ...

Telstra says no change to 2003-04 outlook

AAP  |  FRIDAY, 14 NOV 2003
... incumbent market leader. "Our goal is to return Telstra to annual profitable revenue growth approaching four per cent over the next 2-3 years in the domestic market," he said. Chairman Bob Mansfield said competition had meant that Telstra's market share ...

Platforms continue strong growth in third quarter: Assirt

... 2003, after generally underperforming market benchmarks in the preceding couple of years. Macquarie bank's Wrap Solutions was next on the Assirt table, recording $764 million of net new flows in the quarter, although it retained ninth spot in terms of ...

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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