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General

Afternoon market wrap: Australian shares close higher

Australian shares closed the day higher, following strong gains overnight in the US... 

Assirt awards five stars to Basis Capital's Aust-rim Opportunity hedge fund

Assirt rating house has given hedge fund manager Basis Capital Funds Management Limited a five star rating for its credit strategy fund – Basis Aust-Rim Opportunity Fund...

ASIC places permanent ban on adviser

ASIC has permanently banned David Paul Mudge, formerly of Windsor Gardens, South Australia, from acting as a representative of a securities dealer or an investment adviser...

ING's industrial fund posts strong growth

The ING Industrial Fund (IIF) today announced that it had recorded an increase of $16 million or 7.3 per cent on the book value of seven of the fund’s properties...

ASIC releases investment ad guidelines

The Australian Securities and Investments Commission (ASIC) today released final guidelines on the use of past performance information in investment advertisements...

Crean brings reshuffle to frontbench, Latham promoted to treasury

Later today Opposition Leader Simon Crean is expected to announce the new line up of his frontbench, with Mark Latham promoted to the treasury...

Midday market wrap: Dollar surges higher on unchanged rates

The Australian dollar has jumped to its highest level in over five years..

Costello names global economy biggest threat to domestic markets

Federal Treasurer Peter Costello has said the global economy remains the biggest threat to the Australian economy."In particular, the global situation is affected by the weakness in the US...

Lend Lease completes US HCI sale

Lend Lease Corporation Ltd has completed the US sale of the Housing and Community Investing (HCI) business to Municipal Mortgage & Equity for $US102 million ($152.23 million)...

Retail trade rises by 0.2% in May: ABS

Australia’s retail trade for May rose marginally by 0.2 per cent to $14.823 billion, the Australian Bureau of Statistics...