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Showing 1351 - 1360 of 1850 results for "Prime"

Market Wrap - Midday

AAP  |  WEDNESDAY, 18 FEB 2009
... bleak economic news from the US. Local investors were punishing companies with poor earnings results, Mr Sebastian said. A prime example was fund manager Perpetual, which reported an 84 per cent slump in first half profit due to direct impacts of the ...

Don't punish fin services for GFC: Pearce

ALEX DUNNIN  |  WEDNESDAY, 18 FEB 2009
... financial services industry; as nearly all Australians would be adversely affected." Pearce's comments are a response to Prime Minister Kevin Rudd's recent 8,000 word essay published in Monthly magazine, where he argued that the GFC was caused by market ...

Drinking is bad

BENJAMIN ONG  |  WEDNESDAY, 18 FEB 2009
... generate to citizens of planet earth. But back to Japan. The resignation of the Finance Minister would add further pressure on Prime Minister Taro Aso's already shaky grip on the government. Political gridlock has left Japanese authorities with no recourse ...

BNY Mellon to ramp up Asia and Aus presence

MICHELLE BALTAZAR  |  MONDAY, 16 FEB 2009
... servicing side, propping up the firm's balance sheet despite the GFC. So as other asset managers with leveraged products and sub-prime loans crumbled, BNY rose through the ranks to become the seventh largest financial institution in the US, up from 17th ...

Gloves off ahead of APRA report

MICHELLE BALTAZAR, MICHAEL HOBBS  |  TUESDAY, 10 FEB 2009
... benchmark for the last 12 months, circa 18 per cent, which is just an unbelievable number." "The irony is that we had no sub-prime [exposure]...we intentionally positioned [the option] to be in the "higher quality, more liquid" areas yet perversely ...

Sucked in

BENJAMIN ONG  |  TUESDAY, 27 JAN 2009
... certainly not nominal rates. It would make a mockery of finance, the same way the CDOs (collateralized debt obligation), sub-prime lending and Zimbabwe printing Z$100 trillion notes have. So what is the Fed going to do? Given the extent of the problem ...

Cognacs and chocolates

BENJAMIN ONG  |  THURSDAY, 15 JAN 2009
... With the US unemployment rate at 7.2 per cent and rising and the recession deepening, those Americans who started the sub-prime crisis - the NINJAs (No Income, No Jobs and Assets) - are being joined by their banks, real estate agents, and investors in ...

IFSA calls for more frequent valuations of unlisted assets

MICHELLE BALTAZAR  |  FRIDAY, 12 DEC 2008
... asset valuations became the subject of debate as liquidity dried up and 'bargain' listed assets flooded the market post sub-prime. Traditionally, unlisted assets are valued annually or at best, quarterly, but IFSA recommends that members monitor valuations ...

Embrace the recession: Salt

MICHAEL HOBBS  |  FRIDAY, 12 DEC 2008
Financial planners should welcome a recession because it weeds out less capable planners and allows solid practices to pick-up market share and grow, according to Bernard Salt, a leading commentator of demographic and consumer trends. Salt said it's ...

Santa Obama

BENJAMIN ONG  |  TUESDAY, 9 DEC 2008
... will provide the necessary crutch for the rest of the world to get back on their feet. This is in contrast with Australian Prime Minister Kevin Rudd's Christmas present for the economy -- a one-time dole out to battlers, accompanied by a wish that all ...