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Market set to fallBY AAP | THURSDAY, 23 JUL 2015 9:10AM
The Australian market looks set to fall after a weak session on Wall Street due to disappointment with earnings reports from the likes of Apple and Microsoft.
Read more: Apple, Microsoft, China, LONDON, Thursday, Shanghai, Wall Street, Wednesday, New York, AEST, All Ordinaries index, Anglo American, BC Iron, BHP Billiton, CAC 40, DAX 30, Deutsche Bank, Dow Jones Industrial Average, Dow member Caterpillar, Economics, Fortescue Metals, Frankfurt, FTSE 100 index, Hang Seng Index, HONG KONG - Hong Kong equities, June 27, Macquarie Group, Meridian Energy, Nasdaq Composite Index, Newcrest Mining, NEW YORK - Shares, Nokia, Paris, Reserve Bank, Rio Tinto, S&P/ASX200 index, S&P/NZX 50 Index, S&P 500, September share price index futures contract, Shanghai Composite Index, Shenzhen Composite Index, Sydney, US technology giants Apple, WELLINGTON - New Zealand shares, Yahoo
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
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Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
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ME Bank chief executive James McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
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At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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