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General

Superannuation not meeting minimum standards: ASFA

Superannuation in Australia is not meeting minimum standards of expectations (with regards to the actual amounts of retirement savings being achieved) and has consumers baffled with too much unfriendly jargon and tax complexities, according to ASFA chief ...

Westpac delivers double-digit cash earnings growth

Westpac Banking Corporation today reported an increase in cash earnings to $2,271 million for the full year ended September 2003, up 10 per cent on the 2002 result excluding the non-recurring significant items in that year.

Midday Market Wrap: Dollar weak waiting for US GDP results

The Australian dollar was weaker at noon after the United States dollar strengthened overnight in anticipation of a strong third quarter US gross domestic product (GDP) reading tonight.

Morning Market Wrap: Soft start

The Australian sharemarket is likely to follow the soft lead higher from Wall St overnight, with the focus on Westpac Bank's annual results and a raft of annual general meetings.

Midday Market Wrap: Dollar, bonds rally

The Australian dollar continued to rally to noon, scoring widespread interest to buy the unit as it defied rising US stock prices and a downturn in the euro.

Henderson wins long-term mandate competition in the UK

Henderson Global Investors has been voted winners of the long-term mandate competition organised by the UK University pensions fund Universities Superannuation Scheme (USS), the UK's third largest pension fund, and pensions consultancy Hewitt Bacon & ...

Morning market Wrap: US Fed Reserve holds rates steady

US stocks held onto their earlier gains on Tuesday after the Federal Reserve voted to keep interest rates steady at 45-year lows, as expected.

Macquarie Debts Markets prices $539 million RMBS issue

Macquarie Debt Markets has announced it has priced the $539 million Series REDS 2003-2 RMBS issue that was launched on 21 October 2003.

ASFA welcomes government's super co-contributions announcement

The Association of Superannuation Funds of Australia (ASFA) has today welcomed the Federal Government's long-awaited co-contributions deal as a welcome and highly positive step towards improved retirement savings.

Midday Market Wrap: Market slips into negative

The Australian share market slipped into negative territory at noon weighed down by the weakening bank sector.