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General

Morning market wrap: US shares slump, bomb hits Philippines

Market sentiment was dealt a double blow early on Tuesday with US shares dropping sharply on doubts about consumer confidence, while a terrorist bomb attack on a southern Philippines airport this morning reportedly causing 19 deaths.

Strategic adds two boutique managers to its product range

Independent master trust provider Strategic Investments Australia has added two boutique offerings, the Paradice Cooper Investors (PCI) Australian Equity (large Cap) Fund and the Constellation Capital Management Australian Equities Fund, to its range ...

Australia wins OECD praise for fiscal, immigration policy

Australia has been ranked as one of the top economic performers among the 30-member countries that make up the Organization for Economic Cooperation and Development (OECD), according to a report released yesterday by the Paris-based organisation.

InvestorWeb Limited reports half-year net loss of $472,000

InvestorWeb Limited (IWL) today announced a net loss of $472,000 for the six-month period to December 31 2002.

Challenger's Beston Wine Trust toasts $2.37 million profit

The Beston Wine Industry Trust (BWI) today announced that its net profits had increased by 30.3% to $2.37 million for the six months to December 31 2002.

Housing approvals fall by 2.1% in January: ABS

The total number of dwelling units approved for building in January fell by 2.1 per cent to 13,283 compared to December 2002, the Australian Bureau of Statistics (ABS) said today, further evidence of a slowdown of the property boom.

Planners concede need for tighter policing: Adviser Ratings

Financial planners are almost unanimously in agreement that the policing and regulation of their own industry needs to be improved, according to a survey released today by Queensland-based research group Adviser Ratings.

Afternoon market wrap: All Ordinaries in drift mode

The All Ordinaries index spent the day going nowhere fast, drifting 4.60 points lower as the dominant ‘wait-and-see’ position of cautious investors during recent weeks again coming into play.

The value of bonds: Brumby defends the role of government debt

Victorian State Treasurer John Brumby has weighed in on the debate surrounding government bonds, arguing that government borrowing provides both flexibility for Australian investors and maintains the country’s international standing.

Deakin targets May launch for corporate super product

Deakin Financial Services is targeting a May launch for its entry into the corporate superannuation market, general manager of technical services Dan Parry said today.