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General

Minister Releases Victorian Financial Services Industry Audit

Victoria has a key role to play in the national financial services industry, according to a report released today by the Victorian government...

Advance Asset Management gets Morningstar upgrade

Morningstar has upgraded Advance Asset Management’s business and management strength rating from one to two stars based on the company’s recent strengths in stability...

Wizard adds voice to rate cut predictions

Amid signs that interest rates are on their way down, Australian non-bank lender Wizard Home Loans has lowered its fixed interest rates and predicted...

CBA's First State expands into China

First State investments, a wholly owned subsidiary of the Commonwealth Bank of Australia (CBA), has announced its China funds management venture...

Midday market wrap: All Ordinaries up slightly

The Australian share market was modestly stronger in early morning trade, following gains overnight in major US markets...

Housing finance rises 3.4% in April: ABS

Housing finance for owner occupation rose 3.4 per cent in April to $9.36 billion as compared to the $9.05 billion in March...

Unemployment rate drops to 6% in May: ABS

The Australian unemployment rate for May dropped 0.1 per cent to 6% from April’s figures, the Australian Bureau of Statistics (ABS) said today...

Mike Wilkins elected ICA president

Promina Group Ltd has announced its managing director and CEO Mike Wilkins has been elected president of the Insurance Council of Australia (ICA)...

Survey reveals reduced investor confidence in managed funds

Australian investors with margin loans believe managed funds are equally as risky as shares and so are more likely to gear directly into equities this year...

Morning Market Wrap: US Stocks End Up On Signs of Improving Sentiment

US stocks posted a second consecutive gain, fuelled by a major brokerage house lifting its recommendation on International Business Machines Corp.