Petrol spikes as discounting cycle resumes

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Petrol price; RBA Governor speech Petrol prices have risen for the first time in five weeks. The Australian Institute of Petroleum reports that the average Australian petrol price rose by 3.6 cents a litre last week – the biggest weekly price gain in seven months. The national pump price stands at a 3-week high of […]

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Spending posts first gain in nine months

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CBA Business Spending index Tentative signs of a recovery in consumer spending. A key gauge of economy-wide spending posted its strongest result in nine months in August. The Commonwealth Bank Business Sales Indicator (BSI) rose by 0.1 per cent in the month, the first positive reading since November last year. The Commonwealth BSI is obtained […]

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Melbourne-Sydney: World’s 3rd busiest air route?

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Air traffic data Based on the latest available government aviation statistics, the Melbourne-Sydney air route can claim the mantle of the third busiest route in the world. There were just over 834,000 available seats on the Melbourne-Sydney city pair, pushing it above the Fukuoka-Tokyo route in Japan. Click here to download the document (pdf)

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MLC appoints Nicky Richards as Chief Investment Officer

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MLC today announced the appointment of Nicky Richards as Chief Investment Officer (CIO) following an extensive international search. Ms Richards has more than 20 years experience in global investment markets in Australia, Europe, Asia and the United States. She joins MLC after her previous role as Group Chief Investment Officer at Fidelity International based in […]

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Investor Signposts: Week Beginning September 19

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Upcoming economic and financial market events Australia September 20    Reserve Bank Governor speech    Foodbowl Unlimited Forum Luncheon in Shepparton September 21    RBA Board minutes (September 7)    Minutes of the last board meeting September 21    ABARE commodity forecasts      ABARE’s ‘Australian Commodities’ publication September 24    Financial accounts (September quarter)    Includes data on household financial wealth Overseas September […]

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BT Wrap and Asgard platforms dominate AFR Investor Awards

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The calibre of BT Financial Group’s two platform businesses and the people who support them was reflected with BT Wrap and Asgard both taking home awards at the annual AFR Smart Investor Blue Ribbon Awards Asgard won the award for Best Investment Platform with Asgard eWRAP and BT Wrap took home the gong for Best […]

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ASIC consults on dispute resolution requirements for traditional trustee company

ASIC has released a consultation paper seeking public comment on dispute resolution arrangements required of trustee companies providing traditional services, like preparing wills. click here to continue reading this PDF

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Weekly market & economic update 17 September 2010

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Headline developments of the past week Global financial market regulators – known as the Basel Committee on Banking Supervision – announced tougher capital requirements for banks so that they can better withstand future financial crises. However, bank shares actually rose in response as the capital requirements had been anticipated and the time to comply was […]

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PIMCO Wins Australian Bond Category in AFR Smart Investor Blue Ribbon Awards

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Leading bond fund manager PIMCO has won the Australian Bonds Award in the AFR Smart Investor Blue Ribbon Awards 2010. The AFR Smart Investor Blue Ribbon Awards are unique as they are the most comprehensive, independent evaluation of banking, insurance and investment products in the market and are recognised as the industry’s premier awards. PIMCO […]

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ASIC bans Sydney financial adviser

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Mr Vince Aloisi of Baulkham Hills, New South Wales, has been permanently banned from providing financial services by ASIC. ASIC’s action against Mr Aloisi follows its investigation into allegations of misconduct during his employment as an authorised representative with AMP Financial Planning Pty Limited from 1 January 2004 to 5 August 2009 and AMP GI […]

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