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BENJAMIN ONG  |  TUESDAY, 17 JAN 2012
... investor, consumer and business confidence everywhere else, taking down growth everywhere else. Why do you think the People's Bank of China (PBOC) switched tactics towards a looser policy late last year? Why do you think the Reserve Bank of Australia ...

Retail and insto teams combine to drive strategy

MELANIE TIMBRELL  |  MONDAY, 16 JAN 2012
... Management, Fidelity Australia and Threadneedle Investments all operate with combined distribution models. The Commonwealth Bank purchase of listed financial planning network Count Financial last year and the UBS acquisition of ING's Australian investment ...

Market Wrap

AAP  |  MONDAY, 16 JAN 2012
... as part of a new early warning system to detect stresses in the global economy. Westpac shed 1.3 per cent to $20.97, ANZ Bank fell 1.1 per cent to $20.96, National Australia Bank lost one per cent to $23.56 and Commonwealth Bank was down 0.8 per cent ...

Qantas Super taps MLC for insurance

CLAIRE MCGREAL  |  MONDAY, 16 JAN 2012
... members," Ward added. MLC said they have directly concacted 30,000 Qantas employees to let them know about the new offer. The bank's general manager of Group Insurance Megan Beer also spoke of the need for super fund members to have adequate insurance ...

Instos set sights on Indonesian assets

CLAIRE MCGREAL  |  MONDAY, 16 JAN 2012
... Priyo Santoso told Financial Standard. Based in Jakarta, Mandiri Investasi, the investment arm of Indonesia's largest retail bank Mandiri, offers a number of options including direct investment into Indonesian companies and portfolio investments, namely ...

Market Wrap - Morning

AAP  |  MONDAY, 16 JAN 2012
... euros at mostly lower rates in a bond auction, reflecting what was then still improved market confidence and European Central Bank efforts to boost eurozone liquidity. HONG KONG - Asian markets were broadly higher, boosted by strong bond auctions in ...

Market Wrap - Midday

AAP  |  FRIDAY, 16 DEC 2011
... boost its growth in its Antipodean home markets. The shares rose three cents, or 0.8 per cent, to $3.13. Bendigo and Adelaide Bank said they will pay about $130 million for Bank of Cyprus Australia, which caters to the Greek and Cypriot communities in ...

Bendigo and Adelaide Bank buys Bank of Cyprus Australia

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Bendigo and Adelaide Bank has acquired 100% of the Bank of Cyprus Australia for $130 million with a $120 million share placement to selected institutional investors also underway. Bendigo and Adelaide Bank (BEN) reached agreement with the Bank of Cyprus ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 DEC 2011
The Australian share market is expected to open stronger on the back of a strong lead from overseas equities, helped by some strong US and German economic data. At 0743 AEDT on Friday, the March 2012 share price index futures contract was 20 points ...

HK tops US as most advanced financial economy

ALEX DUNNIN  |  THURSDAY, 15 DEC 2011
The Hong Kong special administrative region has overtaken the US as the world's most developed financial economy, according to the World Economic Forum's 2011 Financial Development Report, the first time an Asian region has lead the index. Pushing Hong ...