Dispatches: UBS downgrades NAB

UBS today became the second broker to downgrade National Australia Bank this week, following its failed play for Axa Asia Pacific. (The Australian)

The total number of job vacancies in Australia in August 2010 was 181,300, in seasonally adjusted terms, the Australian Bureau of Statistics said today. (Sydney Morning Hearld)

The National Tax and Accountants Association (NTAA) has moved to establish a financial planning representative body reflecting the needs of accountants. The new body, to be called the NTAA Financial Planners' Association, is intended to be an umbrella organisation specifically designed to protect the interests of tax agents, accountants and their clients. (Money Management)