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General

Qantas downgrades profit forecast again

Qantas chief executive officer Geoff Dixon today announced a further downgrade to its profit forecast for the 2002/03 financial year due...

RBA keeps interest rates on hold at 4.75%

The Reserve Bank of Australia (RBA) has decided to keep interest rates on hold at 4.75%, it announced today...

ICI backs stronger protection for hedge fund investors

The Washington-based Investment Company Institute (ICI) has backed moves by the US’ Securities and Exchange Commission (SEC) to tighten the regulatory framework governing hedge funds in a bid to ‘protect’ investors...

Funds split over need to apply for an AFS licence

Superannuation funds are apparently split on the issue of applying for an Australian Financial Services Licence (AFSL), according to a survey conducted by Towers Perrin...

Government issues fresh warning on Melbourne share dealer

The Government has issued a fresh warning on the activities of controversial Melbourne share dealer David Tweed...

Morning market wrap: FTSE-100 breaks 4,000 mark

Shares in the US finished 56.79 points higher in uncertain trade...

Analysis: Australian international equities funds beat benchmark

The median Australian international equities manager has outperformed the benchmark over the one-quarter, one-year, two-year, and three-year periods, according to research conducted by the Financial Standard Intelligence Unit...

Afternoon market wrap: All Ordinaries close on positive note

The All Ordinaries closed on a positive note following the tempo set in trading during the midday session. Qantas shares were the big loser...

Lowest quarterly inflow of retail funds in eight years: Assirt

The March 2003 quarter saw the lowest quarterly retail managed fund inflows since March 1995, totalling $434 million, according to Assirt...

Morningstar gives three star rating to Challenger small caps

Morningstar has given a three-star rating for Challenger International’s small companies ‘neutral style’ investment process in its Australian equities sector strength rating...