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Showing 10511 - 10520 of 10717 results for "May 2011"

Approach of ACCC unchanged: Samuel

Graeme Samuel, Chairman of the Australian Competition and Consumer Commission (ACCC), re-iterated he would be as uncompromising as his predecessor in enforcing the Trade Practices Act. Speaking in Melbourne today, Mr Samuel said there may be some differences ...

Midday market wrap: Local shares push higher

The Australian share market continued to push higher in morning trade, supported by gains overnight in US markets and a slew of solid earnings reports. At midday the All Ordinaries index was 8.6 points higher at 3,178.5, underpinned by solid advances ...

ASIC puts super sponsors under the spotlight

The Australian Securities and Investments Commission (ASIC) is poised to get tough on the disclosure of unfunded liabilities in corporate defined-benefit superannuation plans, announcing a supplementary component to its annual financial report surveillance ...

ASIC imposes additional condition on Barkworth Olives dealers' licence

The Australian Securities and Investments Commission (ASIC) has imposed an additional condition on the securities dealers' licence of Barkworth Olives Management Limited (BOML), it announced today. The new condition was added following concerns that ...

Afternoon market wrap: Resources push local market higher

The Australian share market continued to edge higher in afternoon trade, supported by strong gains among leading stocks in the resources sector. Rio surged 65c to $32.20, while BHP Billiton also added 25c to close at $10.55. Traders cited international ...

ASIC bans financial adviser for three years

The Australian Securities and Investments Commission (ASIC) today announced that it had banned Perth-based Darren Horner from acting as a representative of a dealer or an adviser for a period of three years, starting 8 August 2003. ASIC found that Mr ...

ANZ announces $750 million stapled securities issue

ANZ Banking Group today announced an offer of up to $750 million of ANZ stapled exchangeable preferred securities (ANZ StEPS) with the ability of accept over-subscriptions of up to $250 million. ANZ chief executive officer John McFarlane said the ANZ ...

Morning market wrap: US bonds down on strong data

US bond yields jumped to the highest level in a year, as a report from the US Commerce Department showed retail sales surged by 1.4% in July. The consensus of markets forecasts was for an increase of just 0.9%, while the same report also included substantial ...

Afternoon market wrap: Australian shares lose ground in late trade

The Australian share market surrendered early modest gains, with the All Ordinaries index eventually closing 7.2 points lower at 3,143.2. Investors moved to lock-in profits on News Corporation, after the media conglomerate announced a positive earnings ...

Moody's assigns A2 rating to ANZ $750 million issue

Moody's Investors Service assigned an A2 rating to ANZ Banking Group Ltd's issue of reset preference shares. The issue size is $750 million with the ability to raise over-subscriptions for up to $250 million. The outlook for the rating is stable, Moody's ...