AMP under siege from ‘record’ class actions, investors urged to wait

AMP under siege from ‘record’ class actions, investors urged to wait

Posted May 17, 2018 04:42:19 Scandal-plagued AMP could soon set a new record in Australian courtroom history. It runs the risk of defending against five competing class actions — launched by essentially the same pool of disgruntled investors, making the same kinds of allegations about AMP’s wrongdoing. If all these …

Wall Street lifted by oil prices after Trump pulls out of Iran deal, AMP to face angry investors

Wall Street lifted by oil prices after Trump pulls out of Iran deal, AMP to face angry investors

Updated May 10, 2018 09:30:04 Australian shares are set to follow Wall Street higher, as surging oil prices boosted US energy stocks. Markets at 7:10am (AEST): ASX SPI 200 futures +0.4pc, ASX 200 (Wednesday close) +0.3pc to 6,108. AUD: 74.64 US cents, 55.08 British pence, 62.96 Euro cents, 81.88 Japanese …

US withdrawal from Iran deal drives Wall Street and oil prices, Australian investors eye budget wash-up

US withdrawal from Iran deal drives Wall Street and oil prices, Australian investors eye budget wash-up

Updated May 09, 2018 09:46:45 Photo: Donald Trump said the US would impose “the highest level of economic sanctions” on Iran. (Reuters: Jonathan Ernst) Stocks on Wall Street have recovered from earlier losses as US President Donald Trump announced the United States would pull out of the Iran nuclear deal, …

Dow Jones jumps 213 points as investors focus on earnings over Syria

Dow Jones jumps 213 points as investors focus on earnings over Syria

Posted April 17, 2018 07:50:47 Wall Street closed sharply higher, boosted by the technology and healthcare sectors, as markets shifted their attention away from the US-led missile strikes in Syria towards corporate earnings season. Markets at 7:05am (AEST): ASX SPI 200 futures +0.1pc, ASX 200 (Monday’s close) +0.2pc at 5,841 …

Nhulunbuy space project naysayers will deter investors to Arnhem land, Indigenous group warns

Nhulunbuy space project naysayers will deter investors to Arnhem land, Indigenous group warns

Updated April 06, 2018 08:21:37 Negative commentary about plans for Australia’s first commercial space centre could dissuade other prospective investors to the East Arnhem land region, a local Indigenous group has warned. Key Points Plans are underway set up a rocket launchpad near Nhulunbuy Last year a local MP said …

Australian market resists major US sell-off as trade tensions rattle investors, tech stocks tank

Australian market resists major US sell-off as trade tensions rattle investors, tech stocks tank

Posted April 03, 2018 10:26:28 The Australian share market has opened lower following a turbulent session on US market overnight, as trade tensions and a sell-off in tech stocks rattled investors. The ASX 200 was 0.5 per cent lower by 10:15am (AEST) at 5,730 points — a more modest decline …

WA property investors suffer as mining slump lingers, with one-third losing money on resale

WA property investors suffer as mining slump lingers, with one-third losing money on resale

Posted March 20, 2018 16:32:34 Photo: Investors looking to sell their property are facing reduced demand for housing. (ABC News: Robert Herrick) Investors in Perth property are faring the worst in the nation, making more losses on resale than buyers in any other capital city. A report from property research …

Adelaide United sale to investors result of ‘handshake agreement’ made nine years ago

Adelaide United sale to investors result of ‘handshake agreement’ made nine years ago

Updated March 08, 2018 16:51:38 Photo: The investors are believed to have paid more than $10 million to take over the Reds. (AAP: David Mariuz (file photo)) Related Story: Syndicate takes helm of Adelaide United Prominent Adelaide lawyer Greg Griffin says the sale of the A-League side Adelaide United was …

Storm Financial clients slam $140k fine after 3,000 investors left destitute

Storm Financial clients slam $140k fine after 3,000 investors left destitute

Updated March 22, 2018 19:05:46 Photo: Mr Reynolds lost his house in Townsville after being left with a $1.2 million debt. (ABC News: Rhea Abraham) Emmanuel and Julie Cassimatis, the husband and wife founders of collapsed company Storm Financial — which left more than 3,000 clients destitute — are facing …