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General

RBA leaves interest rates at 4.75 per cent

Market speculation of an interest rate cut due to the strengthening Australian dollar has been cut short by the Reserve Bank of Australia’s (RBA) decision to leave official cash rates unchanged at 4.75 per cent...

Morning market wrap: Nasdaq bounces back

The Nasdaq bounced back over the 1,600-point mark after losing ground on Monday, finishing at its highest point since May 31 2002...

Challenger to close New Zealand retail operations

Challenger International has decided to close its New Zealand retail operations...

OFM raises $6.2 million for property and mortgage development

OFM Investment Group (OFM) has completed the first part of its capital management plans, it announced today, raising $6.20 million...

Afternoon market wrap: All Ordinaries edge higher

The All Ordinaries edged slightly higher this afternoon as the banking sector returned positive figures in trading across the board...

Footscray accounting assistant convicted: ASIC

Footscray accounting assistant Hoang Mo Ngo was today convicted in relation to 22 charges laid by the Australian Securities and Investments Commission...

Promina rebrands Royal & SunAlliance as Asteron

The Promina Group today announced that Royal & SunAlliance Financial Services will be rebranded as Asteron from July 1...

AXA's mortgage management awarded three stars by Morningstar

AXA Asia Pacific Holdings’ Melbourne-based mortgage unit has received a three-star rating from Morningstar...

Midday market wrap: AMP flirts with $5.00

AMP shares edged back towards the $5.00 mark during the morning session despite the slightly softer sentiment on the All Ordinaries index as a whole...

IFSA gives thumbs up to draft Superannuation Bill

The Investment and Financial Services Association (IFSA) has welcomed the Government’s draft framework legislation for implementation of superannuation safety measures...