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Market set to open higherBY AAP | MONDAY, 29 JUN 2015 9:20AM
The Australian market looks set to open higher as international markets await the impact of Greece's breakdown in its debt bailout talks.
Read more: Greece, Friday, Australia, Monday, Shanghai, ASX, London, Nike, Dow Jones Industrial Average, May 31, Nasdaq Composite Index, AEST, All Ordinaries index, Athens, CAC 40, DAX 30, Economics, Frankfurt, FTSE 100 index, HONG KONG, June 12, LONDON - Eurozone stocks, Madrid, Micron Technology, Milan, NEW YORK - Sporting gear giant Nike, Paris, QMS Media, S&P/ASX200 index, S&P/NZX 50 Index, S&P 500, September share price index futures contract, Sydney, Tokyo, WELLINGTON
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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%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie 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.
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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