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-
Could 50% of advisers exit industry?
NewsAs many as 14,000 financial advisers or close to half the industry may choose to exit over the next five -
Wall Street regains losses, Fed takes moderate stance on inflation
via abc.net.auUS markets lifted at the 11th hour, after the Fed's latest minutes suggested higher inflation won't necessarily lead to faster interest rate hikes. -
Wall St bounces back, Fed expected to continue gradual rate hikes
via abc.net.auUS markets lifted at the 11th hour, after the Fed's latest minutes suggested higher inflation won't necessarily lead to faster interest rate hikes. -
International superyachts expected to flood Australia's cruising grounds
via abc.net.auOverseas billionaires and their superyachts could soon be heading down under if they are handed a tax break by the Federal Government, providing a year-round economic boost. -
Designs and inventions that helped Geelong earn global recognition
via abc.net.auThere are 31 cities in the world with the UNESCO City of Design title including Singapore, Shanghai, Istanbul and as of recently Geelong. Here are the city's greatest design feats. -
More train service disruptions ahead as Qld Rail reveals $25m spent on buses
via abc.net.auQueensland Rail has spent almost $25 million over two years to ferry rail passengers around on buses when there are problems on the tracks, new figures released to the ABC under Right to Information reveal. -
It's fish or chips, not both: Salmon company rails against woodchip mill
via abc.net.auPlans for a controversial woodchip export facility in southern Tasmania hit a major snag, with the state's biggest salmon producer declaring the plant cannot operate so close to its fish farms. -
Trump says US-China trade deal 'too hard to get done'
via abc.net.auPresident Donald Trump casts doubt on the prospects for talks that are designed to head off a trade war between the United States and China, adding negotiations will require a "different structure" to allow America to "verify results after competition". -
Senator supported Adani in Parliament after investing in port
via abc.net.auAn illegible page on David Leyonhjelm's register of interests was belatedly replaced, revealing the key crossbench senator as an investor in the Adani Abbot Point coal terminal. -
Is 'vegan leather' a sustainable alternative to animal leather?
via abc.net.auMany stores — particularly those that spruik their ethical standards — are now offering "vegan leather" products. So are vegan leather goods just for those who want to avoid animal products? Or are they kinder on the environment too? -
Australian beef exports to China safe despite tabloid threat, industry says
via abc.net.auChina's Global Times newspaper says imported Australian beef and wine could be "replaced" with US goods, in order to teach Australia a lesson. But the meat industry is not convinced. -
How we got through summer without load-shedding blackouts
via abc.net.auAustralia's electricity grid survived the second-hottest summer on record without load-shedding blackouts, despite the closure of a major coal-fired power station in Victoria, according to two reports released by the Australian Energy Market Operator. -
Armoured vehicles at centre of legal action against Auditor-General
via abc.net.auOne of Australia's largest defence companies is launching legal action against the Auditor-General over a report that criticises the handling of its $1.3 billion Hawkei project for new armoured vehicles for the Army. -
Companies 'queue' to sue NSW Government over light rail project
via abc.net.auTwo contractors are now suing the NSW Government over the troubled CBD light rail project, with Queensland-based VAC Group alleging Gladys Berejiklian's government engaged in misleading or deceptive conduct. -
Labour hire firm suspended amid claims workers suffered 'bleeding episodes'
via abc.net.auThe National Union of Workers says workers from Vanuatu were paid as little as $8 an hour and experienced "bleeding episodes" after breathing in chemicals on a farm in Victoria. -
Construction activity remains weak as private sector spending contracts
via abc.net.auThe ongoing spending spree by governments with big public transport projects propped up the construction sector in the first three months of the year. -
T. Rowe Price expands Aussie equity team
People & ProductsT. Rowe Price has expanded its Australian equities investment team with the appointment of investment analyst Chris Wu. -
Northern Trust appoints head of APAC sales
People & ProductsNorthern Trust has appointed David I. -
Martin Currie announces key hire
People & ProductsMartin Currie has appointed Zehrid Osmani to lead its global long-term unconstrained team. -
Northern Trust hires into its brokerage business
People & ProductsNorthern Trust has hired Glenn Poulter into a senior global markets role within its institutional brokerage business in its Capital Markets Group. -
AET appoints veteran to key role
People & ProductsIOOF-owned Australian Executor Trustees has appointed long-term executive, Yvonne Kelaher, to the role of head of corporate trust. -
Rest awards global equity mandate to GQG Partners
People & ProductsRest has awarded a mandate focused on global equities to GQG Partners, a boutique manager under the Paci -
Sunsuper gives Record $350m currency mandate
People & ProductsSunsuper has awarded specialist currency manager, Record Currency Management, a $350 million mandate for an active currency portfolio. -
Plan for Metro Tasmania to run passenger ferries on Hobart's River Derwent
via abc.net.auThe Tasmanian Government wants to use publicly-owned bus company Metro to run ferry services across Hobart's River Derwent. -
Australia's largest cattle company AACo mothballs Darwin abattoir
via abc.net.auThree years after building a world-class abattoir near Darwin for $100 million, AACo is closing the doors. -
Chart of the day: Mark Zuckerberg is still apologising but Facebook shares are back on track
via abc.net.auAs Facebook founder Mark Zuckerberg once again apologises for his company's missteps, investors look ready to forgive. -
Optus fined $1.5m for misleading NBN customers
via abc.net.auThe Federal Court imposes a $1.5 million penalty on Optus for misleading its customers about the NBN transition process. -
Smart beta attracts more investors
Funds managementThe use of multi-factor combination smart beta index-based investment strategies by global managers is on the rise, according to FTSE Russell. -
IOOF adds La Trobe credit fund to platform
Funds managementThe La Trobe Financial 12 Month Credit Fund Term Account has been included on the IOOF Pursuit investment platform. -
VOFF demands Royal Commission recall Medcraft from France
Financial planningVictims of Financial Fraud has called for Greg Medcraft be recalled from overseas to front the Royal Commission, saying that ASIC “pursue[d] family-owned advisory firms to ruination” under his watch. -
SMSFs pull back from banks post-RC
SMSFSelf-managed super funds appear to have been turned off investing in large institutions such as the Big Four banks by the Royal Commission, according to SelfWealth chief executive, Andrew Ward. -
ASIC licensing delays test industry
Policy & RegulationNew analysis from legal firm The Fold points to the dynamics of the financial services industry having changed by Australian Securities and Investments Commission licensing delays. -
AMP Capital invests in thermal generation platform
Funds managementAMP Capital has announced investments in North American thermal generation platforms with Invenergy Clean Power. -
ASIC questions legal permissibility
Financial planningThe Australian Securities and Investments Commission has pointed the finger at financial services companies seeking to cling to old regulatory regimes, arguing that legal permissibility doesn’t make it right.
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