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General

Afternoon market wrap: AMP falls below $5.00

AMP lost $0.11 to finish beneath the psychologically important barrier of $4.99, helping to drag the All Ordinaries index as a whole down by 14.20 points...

Court orders investigation into Queensland mortgage schemes

The Supreme Court of Queensland has appointed two investigative accountants to look into the affairs of Atlantic 3 Financial and its current directors Frederick Acker and Gerilyn Polanski...

Single manager products a dying breed: InvestorWeb

The rise of master trusts and wraps in the retail market is strangling the single manager multi asset product...

S&P rates Principal Office Fund A- following IPG announcement

Standard & Poor's Ratings Services (S&P) has placed a A- corporate credit rating on Principal Office Fund (POF) and put its associated debt issues on CreditWatch...

Budget underestimated drought costs by $200 million: official

Budget estimates on the cost of the drought to the Government were at least $200 million out...

Latham appointed deputy manager of Opposition business

The ALP’s Mark Latham was appointed deputy manager of Opposition business...

Australian unemployment rate fourth lowest in OECD: ABS

Australia ranks fourth among the leading OECD countries in terms of its unemployment rate, according to data released today by the Australian Bureau of Statistics...

ASX sidelines FundConnect project, writes off $3.5 million

The Australian Stock Exchange (ASX) is shelving the ASX FundConnect project due to a lack of industry support, it announced today...

Macquarie predicts stable outlook for property market

Australia's property market is not expected to crash in the near future, according to the latest Macquarie Property annual property market outlook...

No link between futures trade and AMP demerger: ASIC

The Australian Securities and Investments Commission (ASIC) has announced that it has not detected “any conduct which would warrant regulatory action”...