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Showing 1711 - 1720 of 3078 results for "Corporation"

Market wrap PM

AAP  |  FRIDAY, 9 MAY 2014
... billion takeover bid from a Hong Kong consortium, rivalling a $2.1 billion offer from a local gas distributor. News Corporation jumped 45 cents to to $18.20 despite a quarterly profit drop of 85 per cent to $US48 million ($A51.93 million). Fairfax Media ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
Westpac said that the government's proposed changes to the Future of Financial Advice (FoFA) legislation are "necessary" to ensure consumer protection. Westpac is the first of the Big Four to have its say on the FoFA changes, which are A currently being ...

Westpac appoints head of private bank in Asia

AAP  |  FRIDAY, 9 MAY 2014
Westpac Banking Corporation today announced the appointment of Francis D'Souza as head of Westpac private bank, Asia. Based in Singapore, Westpac's regional head office, D'Souza will be responsible for the management and oversight of all of Westpac's ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
A new round of submissions to the Senate inquiry into the Future of Financial Advice (FoFA) amendments has seen consumers, academics and industry bodies holding increasingly opposing positions. Most stakeholders focused on the most controversial topics ...

Market wrap

AAP  |  MONDAY, 5 MAY 2014
... in a trading halt after announcing that it would buy the Victorian government's agribusiness lender Rural Finance Corporation for $1.78 billion. In the resources sector, BHP Billiton added 25 cents to $37.52, Rio picked up 52 cents at $61.50, and Fortescue ...

Port of Newcastle leased for $1.75bn

JAMES FERNYHOUGH  |  THURSDAY, 1 MAY 2014
... billion. The consortium is comprised of Australia's Hastings Funds Management and China Merchants, a Chinese state-owned corporation. NSW Premier Mike Baird said the $340 million of the proceeds would go towards the "revitalisation" of the Newcastle ...

Risk management top concern for sovereign wealth funds

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
... banks globally have said risk management is a major concern, according to a recent survey carried out by State Street Corporation. The 'New Horizons for Official Institutions' report, released today, surveyed 60 executives from central banks, sovereign ...

SMSFs want access to infrastructure and corporate bonds

JAMES FERNYHOUGH  |  MONDAY, 14 APR 2014
The Financial System Inquiry should look into ways of making direct investment in infrastructure and corporate bonds more accessible to self-managed super funds (SMSFs), the SMSF Professionals' Association of Australia (SPAA) has argued. SMSFs currently ...

Reduce corporate tax rate, says Macquarie

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
The corporation tax rate should be reduced to 25% if Australia wants to become a regional financial services hub, Macquarie Group has argued. In its submission to the Financial Services Inquiry, the bank argued that Australia's current corporation tax ...

Government takes aim at corporation tax

JAMES FERNYHOUGH  |  FRIDAY, 4 APR 2014
Australia's 30% corporation tax rate is getting in the way of the nation becoming a regional "financial services powerhouse", according to Parliamentary Secretary to the Treasurer Steven Ciobo. Speaking at the Financial Services Council (FSC) Life Insurance ...