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General

Strategic replaces Sagitta with SG Hiscock and Credit Suisse

Master trust provider Strategic Capital Investments Australia has dropped Sagitta-Rothschild as an active mandate manager from its Listed Property pool and replaced it with the Credit Suisse Property Fund and the SG Hiscock Professional Investor Listed ...

Citigroup announces first quarter profit of $6.81 billion

Citigroup has announced a first quarter 2003 profit of US$4.1 billion (A$6.81 billion), an increase of 18 per cent on the corresponding period in 2002...

Count sticks to $8 million profit prediction despite tough market

Count Financial has confirmed its earlier operating profit predictions of $8 million for the financial year ending June 30, an expected 29 per cent increase from 2001-2002, despite tough current market conditions...

IFSA launches MfundEC data standards online

The Investment and Financial Services Association (IFSA) has developed new MFundEC transaction based e-commerce standards to improve the efficiency of the Australian managed funds system through cost reductions from the use of electronic commerce...

Investment Analysis: Super funds positive on equities outlook

The prospect of explaining to members a second year of negative returns, largely due to falling equity values, has not dimmed the positive view held by superannuation funds of share markets, according to a survey conducted by the Financial Standard Intelligence ...

Morning market wrap: US shares boosted by earnings

The Dow Jones index was given a much-needed jolt overnight as encouraging quarterly profits from Citigroup instilled some confidence in investors...

APRA disqualifies two superannuation trustees

The Australian Prudential and Regulation Authority (APRA) today announced that it had disqualified Sarkis and Margaret Derstepanian  from being a trustee...

Afternoon market wrap: All Ordinaries continues to climb

Buoyed by gains in Asian markets, the All Ordinaries index continued to climb during the afternoon session to finish 26.90 points higher at 2932.40...

Economy in good shape despite predicted slowdown: NAB

The lack of confidence caused by geo-politics, equity markets and the drought point to a broad-based slowdown in domestic business conditions, according to the latest National Australia Bank...

Internet banking transfers rise by 24%: study

The number of internet banking transfers in the December quarter 2002 increased by 24% while user login growth fell to 12%, due to greater user efficiency. In data released today on the internet banking industry...