Byline: Alice Uribe Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- The Financial Services Council warns that 1.4 million Australians face having less money in retirement because they have accounts in underperforming default superannuation funds. Most of the 33 funds its ... (Publication: Australasian Business Intelligence)
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Millions Lose out under Default Super
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Fox Missed Deadline to Help Save Ten
Byline: Max Mason Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Ferrier Hodgson has indicated that Ten Network suitor CBS Corporation had agreed to a reduction in the price that Ten paid for its content in mid-June. However, the deal was dependent on 21st Century Fox also ... (Publication: Australasian Business Intelligence)
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Twiggy's Court Win Backfires on Fortescue
Byline: Tess Ingram Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Andrew Forrest was recently successful in obtaining a ruling from the High Court to prevent two firms from lodging mining applications over his Minderoo cattle station in Western Australia. The ruling caused ... (Publication: Australasian Business Intelligence)
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First State and Lendlease Set Sights on New Sector
Byline: Nick Lenaghan Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- First State Super has expressed interest in getting involved in build-to-rent property developments, and has held discussions with developers such as Lendlease about this type of investment. Lendlease CEO ... (Publication: Australasian Business Intelligence)
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Stocks Recover from Early Losses
Byline: Angus Peniston-Bird Sep 05, 2017 (The Australian - ABIX via COMTEX) -- The Australian sharemarket inched higher on 5 September 2017, with the S&P/ASX 200 adding 0.1 per cent to close at 5,706.2 points. Rio Tinto advanced 0.7 per cent to end the session at $A68.12 and National Australia Bank ... (Publication: Australasian Business Intelligence)
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RBA Sees Pick-Up in Economy ... and Rates
Byline: David Rogers Sep 05, 2017 (The Australian - ABIX via COMTEX) -- The Reserve Bank of Australia left official interest rates unchanged at 1.5 per cent on 5 September, but central bank governor Philip Lowe gave indications that monetary policy could be tightened soon. He noted that jobs growth ... (Publication: Australasian Business Intelligence)
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Stability for Lowe's First Year at Helm
Byline: Philip Baker Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Official interest rates have remained unchanged at 1.5 per cent during Philip Lowe's first year as Reserve Bank of Australia governor. In contrast, the cash rate rose by 0.5 per cent during the first 12 months' ... (Publication: Australasian Business Intelligence)
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ANZ-Roy Morgan Australian Consumer Confidence Edges Higher - Up 0.6pts to 114.1
Byline: Roy Morgan Research Sep 05, 2017 (Market Research Update - ABIX via COMTEX) -- ANZ-Roy Morgan Australian Consumer Confidence edged up 0.5% to 114.1 in the week ended 3 September 2017, following a 3.9% rise in the previous week. Households' views towards current financial conditions slipped ... (Publication: Australasian Business Intelligence)
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New York Daily News Bought by Newspaper Publisher Tronc
Sep 05, 2017 (The Australian - ABIX via COMTEX) -- Tribune Company spin-off Tronc has expanded into New York City's newspaper market, with the acquisition of the "Daily News" from businessman Mort Zuckerman. The tabloid, which competes with News Corporation's "New York Post", jointly won the ... (Publication: Australasian Business Intelligence)
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Bank-Owned Financial Advice Model Is 'Broken', Says Quadrant
Byline: Alice Uribe Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Financial advice firm Fitzpatricks Financial Group recently secured funding from private equity firms Yorkway Capital Partners and Quadrant Capital Partners. It has used some of that money to acquire financial ... (Publication: Australasian Business Intelligence)
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Banks' Record Profits a 'Double-Edged Sword'
Byline: Cliona Collins Sep 05, 2017 (The Australian - ABIX via COMTEX) -- Cooper Investors founder Peter Cooper warns that factors such as regulation, the tax regime and government intervention could become constraints on economic growth and profits in Australia. He adds that the continued profit ... (Publication: Australasian Business Intelligence)
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ASX Query over China Capital Flows
Byline: Nick Lenaghan and Su-Lin Tan Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Chinese companies listed on the Australian sharemarket have been asked if they have been experiencing problems transferring funds into or out of China. The companies to which the ASX sent its ... (Publication: Australasian Business Intelligence)
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Pandora Bucks the Trend with Shopfront
Byline: Elizabeth Redman Sep 05, 2017 (The Australian - ABIX via COMTEX) -- International jewellery retailer Pandora continues to open physical stores, despite the growing trend toward e-commerce. The retailer has opened 10 new stores in the Pacific region during the last year, and it will open a ... (Publication: Australasian Business Intelligence)
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Moody's Changes Outlook on Oman Banking System to Negative
Moody's Investors Service is changing its outlook on Oman's banking system to negative from stable, reflecting a reduction in the government's capacity to support the country's banks, as well as softer economic growth and tight liquidity conditions. The Omani government's reduced capacity to ... (Publication: CPI Financial)
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Unexpectedly Positive Figures from China
Mihir Kapadia, CEO and Founder, Sun Global Investments MThe unexpectedly strong manufacturing figures from China have provided some positive boost to markets. With a PMI index of 51.7 in August, up from 51.4 in July, the news has led to a second consecutive day of boost in confidence, further to ... (Publication: CPI Financial)
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FXTM: The Effects of Ongoing Tensions with North Korea
Hussein Sayed, Chief Market Strategist at FXTM, comments on the effects on ongoing tensions with North Korea. Asian equity markets remained under pressure for a second consecutive day. Nervousness is still being felt through some asset classes after North Korea's nuclear test on Sunday, with the ... (Publication: CPI Financial)
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Noor Capital Launches Latest Financial Trading Tools
Noor Index has launched an extensive range of software solutions for the financial services industry, focusing on easy-to-use and customised online trading platforms serving multiple sectors including physical currency, precious metals commodities, forex Contract For Difference (CFD) derivatives, ... (Publication: CPI Financial)
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BDO Denies Global Firm Push in Merger
Byline: Edmund Tadros Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Accounting group BDO is seeking to transform its network of independent offices into one centrally run entity by 1 July 2018. There are suggestions that the move to a unified structure is being forced on BDO ... (Publication: Australasian Business Intelligence)
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Electric Car Sales Boost
Byline: Ben Potter Sep 05, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Electric cars accounted for just 1,200 of the more than one million new cars that were sold in Australia in 2016, The Clean Energy Finance Corporation and Macquarie Leasing are hoping to boost interest in ... (Publication: Australasian Business Intelligence)
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National Bonds Corporation Launches Phase 3 of Motor City Green Community
National Bonds Corporation PJSC, through its real estate arm, National Properties LLC, continues to offer real estate investment opportunities to Motor City Green Community project by launching Phase 3 of Casa Flores villas, and apartments. The sales launch event will take place at Jumeirah ... (Publication: CPI Financial)
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