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General

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...

'Bulls' released from their pen:survey shows sentiment turnaround

There has been a huge turnaround in investment sentiment since April 2003, the latest Investment Sentiment Indices released today...

Australian Property Monitors to advise Commonwealth Bank

Australian Property Monitors (APM) have inked a deal with the Commonwealth Bank to provide marketing, internal portfolio analysis, process improvements and supplementary advice on Australian property market cycles...

Costello warns of drought-led economic slowdown

Federal Treasurer Peter Costello has warned of a slowdown in the Australian economy, despite the strength of the domestic market against international economic woes...