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| | | ... while National Australia Bank was down 19 cents at $34.59. Telstra was half a cent higher at 5.085. Shares in struggling rural services company Elders rose half a cent, or more than four per cent, to 12 cents after it announced the immediate departure ... |
| | | | ... of the trends that have driven emerging-market productivity over the past decade (such as the migration in China of cheap rural labour to work in urban factories) had weakened, as had other growth drivers such as domestic credit expansion, declining ... |
| | | | The Australian market looks set to open lower despite a positive lead from Wall Street where The Dow and S&P 500 blasted to new records in erly trade. At 0928 AEDT on Tuesday, the December share price index futures contract was down 19 points at 5,379. ... |
| | | | ... launched a new self-managed super fund (SMSF) loan product, allowing borrowers to buy residential, retail, commercial or rural property. La Trobe said launched the new product, which offers finance at 5.6%, in a bid to tap into the burgeoning SMSF market ... |
| | | | ... own. At least four consumers have lodged submissions to the Senate inquiry with complaints involving NAB. Peter Brandson, a rural doctor, said that his family was "severely damaged by the NAB and its predatory lending practices." Brandson explained that ... |
| | | | MyState Limited has appointed Miles Hampton as chairman after Dr Michael Vertigan AC stepped down, the company announced at its annual general meeting yesterday. Hampton is currently chairman of the MyState Limited Board's Group Risk Committee and is ... |
| | | | ... has hung onto its contract to provide custodial services to Prime Super. The $ 1.6 billion industry fund for regional and rural Australia has been a client of NAB Asset Servicing since 2007 and has awarded a further five year contract to the custodian. ... |
| | | | ... said that Elders will reorganise "as a pure agribusiness, with a sustainable capital structure and operations." A number of rural and regional branch offices will be closed or consolidated into larger branches, the company added. The jobs will be cut ... |
| | | | ... releases housing finance data for July, the ANZ releases its job advertisements series for month just ended and the Rabobank Rural Confidence Survey is due out. No major equities news is expected. In Australia, the market on Friday closed flat as investors ... |
| | | | Queensland-based industry fund AustSafe Super has been granted its MySuper licence. The fund, which serves rural and regional industries and communities in Queensland, has 130,000 members and funds under management of just under $1.5 billion. AustSafe ... |
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