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Showing 10631 - 10640 of 10710 results for "May 2012"

ASIC defends Rivkin sentence

Australian Securities and Investments Commission (ASIC) has defended the nine month periodic detention and $30,000 fine handed down to Sydney stockbroker Rene Rivkin, saying it was a very severe sentence for someone who earns their living in the markets. ...

Centro, Westfield request trading halts pending announcements

Listed property groups Centro Properties and Westfield Trust have both requested trading halts pending announcements to the market due to be released later today. The announcements follow the news that AMP Life has agreed to waive the controversial ...

ASIC takes action against Bosnian-based insurer

The Australian Securities and Investments Commission (ASIC) today announced that it had take action against four Australian companies who have been writing insurance on behalf of Bosnian-based insurer Grand Osiguranje AD Zvornik (Grand). ASIC obtained ...

Westfield agrees $735.5 million three centre deal with Centro

Westfield Trust (WFT) has agreed on the conditional sale of three properties to Centro for a combined $735.5 million following this morning's announcement from AMP Life that it intended to waive the controversial pre-emptive rights it may have over ...

Rising dollar advances case for interest rate cut: ICAP

The rise of the Australian dollar above the US$0.65 mark represents a significant tightening in financial conditions that may bring the Reserve Bank of Australia (RBA) closer to easing interest rates in the second half of the year, according to Dr Ric ...

"The time for rhetoric is over": ASFA demands progress on super

The Association of Superannuation Funds of Australia (ASFA) has welcomed the Government's commitment to superannuation reform, but warned that political compromise by all parties may be necessary to ensure the reforms are put into practice. "The three ...

Afternoon market wrap: AMP falls below $5.00

AMP lost $0.11 to finish beneath the psychologically important barrier of $4.99, helping to drag the All Ordinaries index as a whole down by 14.20 points. The troubled Australian corporate icon has failed to convince investors that it is on the road ...

Budget underestimated drought costs by $200 million: official

Budget estimates on the cost of the drought to the Government were at least $200 million out, Federal agriculture department official Bob Calder told a Senate estimates committee today. Calder said expected spending on drought assistance had increased ...

No link between futures trade and AMP demerger: ASIC

The Australian Securities and Investments Commission (ASIC) has announced that it has not detected "any conduct which would warrant regulatory action" after an investigation into trading in the SPI 200 contract on the Sydney Futures Exchange. ASIC concluded ...

Takeovers Panel dismisses AMP Life's appeal on ART

A Takeovers Panel Review has dismissed an appeal by AMP Life following its original ruling that pre-emptive co-ownership rights relating to the AMP Shopping Centre Trust (ART) would effectively deter any takeover bid for ART from a party not acceptable ...