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General

Midday market wrap: AMP slides towards $5.00

AMP helped the All Ordinaries index to a weaker morning session, dropping by $0.08 to $5.02...

Rising dollar advances case for interest rate cut: ICAP

The rise of the Australian dollar above the US$0.65 mark represents a significant tightening in financial conditions that may bring the Reserve Bank of Australia (RBA) closer to easing interest rates...

"The time for rhetoric is over": ASFA demands progress on super

The Association of Superannuation Funds of Australia (ASFA) has welcomed the Government’s commitment to superannuation reform, but warned that political compromise by all parties...

Assirt gives Rubicon 'competent' to 'strong' ratings

Assirt has awarded absolute return specialists Rubicon Asset Management a series of ‘competent’ and ‘strong’ ratings for its business and investment capabilities...

Telstra defends plans to cut 3,000 jobs

Telstra has announced to a Senate budget estimates committee that it plans to slash 3,000 jobs in the next financial year...

Breakspear calls for compulsory financial planning in schools

The Federal Government should make learning about financial planning compulsory in Australian high schools...

Morning market wrap: All eyes on Coles Myer after Shell alliance

Shares in retailer Coles Myer will be closely tracked today after it announced an alliance with Shell to operate its 584 fuel stations across Australia...

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...