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Showing 12701 - 12710 of 21795 results for "Dec"

Third arrow, broken arrow

BENJAMIN ONG  |  TUESDAY, 1 JUL 2014
oh there we have it folks! Wall Street ends the last day of the month, the quarter and the first six months of 2014, to quote T.S. Elliot, "not with a bang but a whimper. If you must know Virginia, the S&P 500 index finished a teenie-weenie 0.04% lower ...

Market wrap AM

AAP  |  TUESDAY, 1 JUL 2014
The Australian market looks set to open higher despite a mixed performance on Wall Street following a jump in US pending home sales and General Motors' announcement of another massive car recall. At 0645 AEST on Tuesday, the September share price index ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
The government's efforts to give financial advisers more certainty by passing some of the Future of Financial Advice (FoFA) reforms through regulations could be in vain as Clive Palmer suggested his party, Palmer United, does not support the measures. ...

BNP Paribas board approves $9bn fine

AFP  |  MONDAY, 30 JUN 2014
BNP Paribas's board of directors has approved a settlement with US authorities to pay a record $US9 billion ($A9.74 billion) fine to avoid being tried for violating US embargoes. The agreement is due to be announced after markets close at the New York ...

Market wrap

AAP  |  MONDAY, 30 JUN 2014
The share market is slightly lower as investors wait for more signs on the economy's health. Investors have shrugged off strong leads from the US to take profits as the 2013-14 financial year comes to an end, CMC Markets chief market analyst Ric Spooner ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
Impediments to the development of innovative retirement products as an alternative to the account-based pension show no signs of lifting, despite industry consensus that such innovation is necessary. MetLife's recent decision to drop its hybrid annuity-style ...

US bond yields zipped by ZIRP?

BENJAMIN ONG  |  MONDAY, 30 JUN 2014
A trading day short of six months into 2014 and yields on 10-year US government benchmark bonds have dropped to 2.54% -- exactly 50 basis points below the 3.04% they were fetching at the birth of 2014. What's interesting Virginia, is that this is happening ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Initial comments from the government suggest it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

Credit Suisse named best UHNW bank in Australia

MARK SMITH  |  THURSDAY, 26 JUN 2014
Credit Suisse has been named the most outstanding institution for its Ultra High Net Worth (UHNW) service offering ($50 million plus) at the Australian Private Banking Awards for the fourth consecutive year. The Australian Private Banking Awards are ...