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General

Axiss to merge with Invest Australia: Costello

Axiss Australia will continue its operations as a distinct division of Invest Australia in the Department of Industry Tourism and Resources, Federal Treasurer Peter Costello has announced...

Tourism Green Paper good for investors: Property Council

The Property Council of Australia has welcomed the Federal Government's Tourism Green Paper, saying it tackles the marketing information and infrastructure needs...

Morning market wrap: ECB cuts interest rates to 2%

The sentiment was softer in London as the FTSE-100 fell by 22.30 points, but the continued fears concerning sluggish growth in the Eurozone has prompted the European Central Bank (ECB) to reduce interest rates by 0.5 per cent to 2%...

Tower converts to multi-manager Australian equities approach

Tower Asset Management has implemented a new multi-manager approach for Australian equities for Tower Australia, it has announced...

National to buy Commonwealth Custodial Services

The Commonwealth Bank (CBA) has signed an agreement with the National Australia Bank (NAB) in which the NAB will acquire custody contracts of Commonwealth Custodial Services...

ASIC issues warning on AMCO and United insurance policies

The Australian Securities and Investments Commission (ASIC) has taken further Federal Court action in relation to four Australian companies who have been writing insurance on behalf of Bosnian-based insurer Grand...

Afternoon market wrap: Shares finish on positive note

Shares finished the week on a slightly stronger note as an afternoon rally pushed the All Ordinaries index into positive territory...

Campbell releases Amendment Bill to aid FSR transition

Parliamentary Secretary to the Treasurer Senator Ian Campbell has released a list of proposed legislative changes designed to clarify aspects of new arrangements introduced by the Financial Services Reform Act...

Super returns clawing their way back to break-even: Mercer

Investors in balanced superannuation funds could avoid a second consecutive year of negative returns if June proves to be another fruitful month...

APRA's Thompson to go at the end of June

The Australian Prudential and Regulation Authority (APRA) is looking for a new chief executive officer after it announced that Graeme Thompson will be finishing up at the end of his current term on June 30...