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General

Top three dominate dealer group research market: Rainmaker

Research houses van Eyk, Assirt, and Morningstar hold a combined 55 per cent share of the dealer group research market, according to a Rainmaker Information survey.

Footscray super accounting assistant pleads guilty to fraud

A Footscray accounting assistant, Hoang Mo Ngo, pleaded guilty in the County Court of Victoria to 22 charges of fraudulently inducing the trustees of various superannuation funds to pay out cash benefits to his clients.

ASIC blacklists ex-Colonial planner for client 'churning'

A former Colonial financial planner who made $190,000 in commissions by ‘churning’ the superannuation funds of approximately 73 clients has given an undertaking to the Australian Securities and Investments Commission (ASIC) that he will not act as ...

Retail growth sluggish, house prices remain strong: ABS

Consumer confidence remained weak in January, with figures released today by the Australian Bureau of Statistics (ABS) revealing that retail spending rose just 0.2 per cent in January to $14.48 billion.

JANA, Access secure best client returns in 2002: survey

JANA Investment advisers and Access Economics provided the best returns for investment clients in a horror year in 2002, in which no asset consultant managed to secure a positive return for its funds under advice (FUA), according to Rainmaker Information.JANA ...

Economist says current account deficit figures are disturbing

A leading Sydney-based economist said today that the current account deficit figures released earlier this week are disturbing.

Morning market wrap: All Ordinaries up slightly

The All Ordinaries followed the trend in Wall Street as stocks recovered marginally after yesterday’s losses.

Tabcorp and Jupiters to create gaming giant

Victoria-based Tabcorp and Queensland casino and hotel operators Jupiters today announced their intention to merge, creating Australia’s largest gaming group that is expected to haul in earnings of $700 million a year.

OECD calls for improvements in Australia's super tax system

Australia’s superannuation tax system is unduly complicated and a simplification of the tax rules is needed, according to the Organisation for Economic Cooperation and Development (OECD).

Economy grows by 0.4% in December quarter: ABS

The latest national accounting figures released by the Australian Bureau of Statistics (ABS) today showed that Australia’s economy grew by 0.4% for the December quarter and by 3% for 2002 as a whole.