Business News, Economy, Finance & ASX Market News

Trouble on horizon for self-managed super funds

David Murray believes balance caps on SMSFs can be difficult.

1h ago

Few rules, little protection and big pots of money. Is it time to put the leash on super?

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Private label pain for big chains

When the Select line hit the shelves 11 eleven years ago, private label products accounted for 10-12 per cent of total ...

When Brad Banducci called time on Woolworths' Select private label range this week, the supermarket giant's boss put a one-time cash cow ...

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We can't rely on RBA for another boom

COMMENT
Opinion

Households needed a bit more help, and they got it. But the RBA is waiting to see if more is needed.

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Uber a 'ticking time bomb'

Uber promotes car loans through its Marketplace website and sends promotions to drivers via text. The deals include ...

Should someone with no other job and $50,000 in credit card debt be spruiked at for a car loan?

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IPOs a mixed bag so far in 2016

A lack of growth has led to a window of opportunity for companies that have it.

Despite the commotion caused by recent ASX debutantes Surfstitch and Wellard, 2016 is proving to be mostly upbeat for IPOs.

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Online grocers solving dinner dilemma

Aussie Farmers Direct CEO Keith Louie says small food retailers are shaking up the $1.8 billion online grocery market by ...

Innovative web-based grocers are stealing a march on the major supermarket chains in the $1.8 billion online grocery market.

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BHP falls on Samarco accusations

The shares fell sharply on news Brazilian prosecutors have launched a $US43 billion civil suit against the company's ...

BHP Billiton shares fell on Friday as Brazilian police accused the mining giant's Samarco joint venture of prioritising production over safety.

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Gambling giant's 'web of deception'

New gamblers were falsely enticed by the advertised 'free bets'.

An online gambling company has been whacked with $2.75 million penalty over its "free bets" promotions.

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Market Indices

Updated: June 10, 2016 - 2:39PM

Updated: June 10, 2016 - 4:01PM

Updated: June 10, 2016 - 11:07PM

Updated: June 10, 2016 - 10:52PM

United States Dollar

Price

0.7402

Percentage up/down

-0.36% fall
Euro

Price

0.6556

Percentage up/down

-0.21% fall
British Pound

Price

0.5163

Percentage up/down

0.41% rise

Updated: June 10, 2016 - 10:37PM

Alarm bells ringing for super

COMMENT
Opinion

It's time to protect people from their self-managed financial demise.

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The policy failure that costs us most

Square, dink, dinks, dinkus, head shot, business, Michael Pascoe,

COMMENT

The election circus rolls on, while both parties carefully avoid the problem that will become an ever-greater drag on the nation's future.

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Australia's most contentious IPO hopeful

Mixing with the world's uber-wealthy at luxury hotels: Small-time accountants were courted to make their clients invest in the unproftable music streaming startup.

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Fold your T-shirts in under two seconds with a clever technique.

21 time-saving tricks that can save you hours

You can tweak daily behaviours - even just slightly - to free up lots of extra time during the week.

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Power nap: Richard Branson and the exhausted Virgin Australia staffer.

Branson catches Aussie employee sleeping

If you've ever freaked out because the boss walked by just as you were updating your social media profile, consider yourself lucky.

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Touching sacred cows: Jeff Immelt, the chief executive of General Electric.

Is the annual raise on the way out?

C-suites around the world will be watching GE closely.

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Tenants booted over Airbnb stoush

The argument was focused around whether an Airbnb stay is a sublet or a licence to occupy.

Court ruling in favour of the landlord will send a shiver through the so-called sharing economy.

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'Big Brother' Domino's is watching you

Creepy? Your pizza will be fresh and hot as you arrive, the company says.

Checking the progress online of your takeaway pizza is so 2006. Now you're being tracked, too.

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How one tweet wiped out $777m

Elon Musk clarified that Tesla was working exclusively with Panasonic for Model 3 cells.

The market value of a Samsung affiliate nosedived this week after a single tweet by billionaire Tesla founder Elon Musk.

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BHP falls on Samarco accusations

BHP Billiton shares fell on Friday as ...

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ASX ends week on a gloomy note

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IPOs a mixed bag so far in 2016

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Markets Live: Week ends on a low

Live

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Brexit: Europe stocks could tank

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Guvera: Australia's most contentious IPO hopeful

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BT sees $A 'base case' at US40¢

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Blackmores has replaced Spotless in the top 100, while A2 Milk has joined the top 200 after LNG Ltd's removal.

Blackmores joins ASX's top 100 companies

Vitamins and supplement supplier Blackmores ...

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"Ultimately, cash flow is what matters to investors," said UBS strategist David Cassidy in a note to clients.

Top picks for investors targeting cash flow

Fortescue, Qantas, and Primary Health Care ...

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Galaxy where a supernova probably resulted in a black hole: Are global bond markets facing a similar fate?

Bill Gross warns of market 'supernova'

Legendary bond investor says policy adopted ...

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Oil will return to around $US70 a barrel next year as the large overhang of crude is reduced, according to Energy ...

Oil pulls back after recent rally, greenback gain

Oil declined from a 10-month high in New York ...

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Lower wages growth was a bigger drag on households than it previously thought, so the Reserve Bank stepped in with ...

RBA won't generate another economic boom

COMMENT
Opinion

Households needed a bit more help, and they got it. But the RBA is waiting to see if more is needed.

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The policy failure that costs us most

COMMENT

The election circus rolls on, while both parties carefully avoid the problem that will become an ever-greater drag on the nation's future.

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ASSet/BT roundtab;e
Photo MIchele MOssop
Thursday 5th July 2012
Vimal Gor

BT sees $A 'base case' at US40¢

The Australia dollar will fall below US50¢ and the RBA will cut rates to 1 per cent "if not lower", according to a top bond fund manager.

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'Australia not the lucky country for many children'

One in six Australian children still lives in poverty despite two decades of economic growth.

UN report highlights the number of children living in poverty despite decades of economic growth.

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Soros, relax about China, worry about UK

George Soros has made a number of bearish calls that haven't played out recently.

COMMENT
Opinion

Billionaire investor George Soros is worried about China, but sanguine about the possibility of a so-called Brexit. He may have his targets the wrong way round.

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Volunteers: our economy depends on them

COMMENT
Opinion

It should never become a choice between professionals and volunteers.

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Trouble on horizon as SMSFs boom

1h ago

Few rules, little protection and big pots of money. Is it time to put the leash on super?

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Alarm bells ringing for super

COMMENT
Opinion

It's time to protect people from their self-managed financial demise.

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AVCAL chief executive Yasser El-Ansary wants Guvera investors to know AMMA Private Equity is not a member of the private ...

Cold shoulder for Guvera backer

The private equity industry has distanced itself from AMMA Private Equity, the outfit behind the $1.3 billion planned listing of Guvera.

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Fraser's super review fizzles

Bernie Fraser has delayed his report into governance at non-profit super funds until after the federal election.

The non-profit superannuation lobby's governance review, led by Bernie Fraser, has stalled and is set to sink without a trace if Labor wins the federal election.

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Rate-rigging case to test court

A combined case management hearing for the regulator's case against the banks will take place on June 27.

ANALYSIS
Analysis

High-powered legal teams are preparing a plan for how three bank bill swap rate cases should be managed in the Federal Court.

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House price surge raises bank risk

There's a growing chance of a "correction" in house prices, according to Moody's.

The return of strong house price growth is raising the level of risk in the Australian banks' mortgage portfolios.

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Private label pain for big chains who 'can't win'

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The online grocers solving the dinner dilemma

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Zara's Australian sales, profits soar

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Big-Brother Pizza: Domino's is watching you

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Uber a 'ticking time bomb'

Should someone with no other job and $50,000 in credit card debt be spruiked at for a car loan?

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Gambling company's 'web of deception'

An online gambling giant has been whacked with $2.75 million penalty over its "free bets" promotions.

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Melbourne car share company's free account not so free

When is a free account not really free?

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BHP falls on Samarco accusations

BHP Billiton shares fell on Friday as Brazilian police accused the mining giant's Samarco joint venture of prioritising production over safety.

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Twiggy company fined after worker loses legs

The company Pilbara Infrastructure is owned by Andrew Twiggy Forrest.

A company owned by mining magnate Andrew Forrest's Fortescue Metals has been fined $50,000 over a 2011 train unloading incident that resulted in a worker having both legs amputated below the knee.

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Oil pulls back after recent rally, greenback gain

Oil declined from a 10-month high in New York as a stronger US dollar countered a rally driven by tightening global supplies.

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Brexit: Europe stocks could tank

British Prime Minister David Cameron is under pressure as the campaign for Britain's exit from the EU is gaining ground.

European shares could lose about a quarter of their value in the immediate aftermath of a UK secession from the European Union, a study testing the effects of Brexit showed.

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The top-rated CEO you haven't heard of

Current and former Bain employees gave CEO Bob Bechek an approval rating of 99 per cent.

His staff gave him an approval rating of 99 per cent, but this year's highest-rated CEO has a far lower profile than previous winners such as Mark Zuckerberg or Larry Page.

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Ralph Lauren wants to be more like H&M;

Essential W101 polo

Message: Polo Ralph Lauren cotton mesh polo, $109.95, 1800 501 201

Facing a sales slump, the nearly 50-year-old brand known for its polo shirts will focus on its bestsellers and try to learn from the fast-fashion retailer.

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Woods Bagot's new office in the brutalist-style building on the corner of William and Little Collins streets.

Brutalism no obstacle for Woods Bagot fit-out

Woods Bagot had been in its Southbank office for 10 years. While the view of the Yarra from the building's domed ceiling was impressive, the office required updating.

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Moet vending machine at Selfridges department store in London

Vending machines are the new retail frontier

Lovers of Moët & Chandon champagne will soon be able to have their own AbFab moment, with plans advanced to have a vending machine full of bubbles in Australia.