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General

Hurdles lie in wait for Australian economy: Commonwealth Bank

Australia's resilient economy faces significant hurdles ahead due to the weak global outlook, weakness in global equity markets, the risk of protracted conflict in the Middle East...

NIB acquires IOOF Health Fund

New South Wales-based NIB Health Funds has acquired the IOOF Health Fund for an undisclosed sum...

AMP gets $100,000 slap on the wrist from ASIC

AMP has agreed to fund a $100,000 corporate disclosure program in the wake of an Australian Securities and Investments Commission (ASIC)...

Select links up with European hedge fund manager

Select Asset Management today announced a joint venture with Aspect Capital that will see the European hedge fund manager take an equity holding...

Morning market wrap: Uncertainty the only certainty

Shares in the UK and US clawed back some of Monday’s sharp losses, although the volatility of the market over the past three trading days is an indication of divided market sentiment and sensitivity to reports coming out of Iraq...

APRA warns super trustees on due diligence, members interests

The likelihood that superannuation funds will record two consecutive years of negative returns does not indicate below par performance at trustee level, but any action contrary to members’ interests will bring disqualification and possible prosecution...

AMP Shopping Centre Trust announces 5.5% growth

AMP Shopping Centre Trust (ART) today announced that it had recorded sales growth of 5.5 per cent in February...

QIC gets active with two new European equity mandates

The Queensland Investment Corporation (QIC) has awarded two new active $380 million European equity mandates...

Afternoon market wrap: Corporate giants lead index higher

The giants of corporate Australia led the All Ordinaries index higher as investors looked for reassurance in familiar names against a turbulent geopolitical backdrop...

Inadequate returns deter super top-ups: survey

In its March 2003 quarterly report, ING and the Melbourne Institute of Applied Economics and Social Research found that 10.5 per cent of Australian households would hesistate to invest more...