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Showing 12871 - 12880 of 17972 results for "Bank"

PIMCO senior exec to head Janus

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
Janus Capital Group has appointed the former chief operating officer at PIMCO, Richard Weil, as chief executive effective next month. The group's chair Steve Scheid said the board chose Weil because of his work at PIMCO, including setting up the German ...

Market Wrap - Morning

AAP  |  MONDAY, 18 JAN 2010
... it opens on Monday after US stocks and commodity prices slipped on Friday. But the late report on Friday by Commonwealth Bank of Australia (CBA), that its first-half profit is likely to be a bigger than expected $2.9 billion, is likely to prevent heavy ...

Stimulexit

BENJAMIN ONG  |  MONDAY, 18 JAN 2010
... shorty? What gives? What gives is the uncertainty about when the fiscal and monetary stimuli will be withdrawn. The People's Bank of China (PBOC) has already started to guide interest rates higher and lifted its bank's required reserves. The Reserve ...

Johnson Report maps out new world order

MICHELLE BALTAZAR  |  FRIDAY, 15 JAN 2010
The report commissioned by the Government a year ago to look into how to improve Australia's appeal as a financial services centre has come up with a host of recommendations that could transform the local wealth management industry. The Australian Financial ...

Market Wrap - Midday

AAP  |  FRIDAY, 15 JAN 2010
... 42 cents, or 0.96 per cent, at $43.36, while rival Rio Tinto lost 47 cents or 0.59 per cent to $78.68. National Australia Bank led the banks lower, down 21 cents, or 0.78 per cent, to $26.84. ANZ Banking Group was down 11 cents, or 0.49 per cent, at ...

Eslake joins Wingate

COMPANY RELEASE  |  FRIDAY, 15 JAN 2010
International equities fund manager, Wingate Asset Management, has appointed former ANZ Bank chief economist Saul Eslake to the investment advisory committee. Eslake was chief economist for 15 years at ANZ Bank and, prior to that, worked as chief economist ...

Room for Russia in BRIC

MICHELLE BALTAZAR  |  FRIDAY, 15 JAN 2010
Many investors are convinced of the growth story behind Brazil, India and China - but does anyone know what's happening in Russia? In Sydney this week, Mark Edwards, vice president of global fund manager T. Rowe Price, said he disagrees with the view ...

Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 15 JAN 2010
... wages) and ease inflation pressure. Australia's problem is that the pro-active and aggressive monetary response by the Reserve Bank of Australia (RBA) and the Rudd government's fiscal spending have worked too well in shielding the domestic economy from ...

CFS halts mortgage fund redemptions

MICHAEL HOBBS  |  THURSDAY, 14 JAN 2010
Colonial First State (CFS) has told investors in the $850 million Mortgage Income fund the window to access redemptions has closed after it found a small number of mortgages within the portfolio could become bad debts. A CFS spokesperson said the firm ...

Fixing an industry on steroids

MICHELLE BALTAZAR  |  THURSDAY, 14 JAN 2010
Day One of the Financial Crisis Inquiry Commission (FCIC) highlighted the testimony of an investment veteran who said the industry has long been on steroids - and called the commissioners to help build a system that doesn't need to save the banks every ...