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Showing 2261 - 2270 of 2662 results for "SEPA"

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
Central banks threw in the kitchen sink. In a coordinated move, six major world central banks each cut their benchmark target interest rate by 50 basis points in efforts to stem the global panic. The US Federal Reserve lowered the fed funds rate to ...

US Senate passes bail-out 74 to 25

ALEX DUNNIN  |  THURSDAY, 2 OCT 2008
The bail-out legislation has been overwhelmingly approved by the US Senate, but the bigger test will be the congressional vote tomorrow, which isn't expected to get such a smooth ride. This morning Australian time, the Senate voted in favour of the ...

PE firms gobble Lehman Bros AM

RUTH LIEW  |  WEDNESDAY, 1 OCT 2008
Neuberger Berman, a subsidiary of the now defunct Lehman Brothers, along with a huge slice of the parent company's asset management business has been sold for $2.7 billion to private equity giants Bain Capital Partners and Hellman & Friedman. The transaction ...

AIG not impacted by bail-out failure

ALEX DUNNIN  |  TUESDAY, 30 SEP 2008
This morning's bail-out failure does not impact AIG, whose funding has already been approved and put in place. Congress this morning rejected the bail-out legislation 228 votes to 205 after two-thirds of Republican legislators dismissed the bill's pre-conditions ...

Austock's McFarlane resigns

MICHAEL HOBBS  |  MONDAY, 22 SEP 2008
Austock Group director and chair, Michael McFarlane has resigned from his roles for personal reasons. McFarlane has resigned his position as company director and his chair positions on the firm's Property Management and, separately, the Funds Management ...

Market Wrap - Midday

AAP  |  FRIDAY, 19 SEP 2008
Financial stocks buoyed the Australian share market at noon after a strong late-session rally on Wall Street early this morning recovered much of yesterday's losses. At 1200 AEST, the benchmark S&P/ASX200 had gained 208.3 points, or 4.52 per cent to ...

CalPERS halts lending to big four

RUTH LIEW  |  FRIDAY, 19 SEP 2008
The $274 billion California Public Employees' Retirement System (CalPERS) has temporarily stopped the lending of troubled Wachovia, Goldman Sachs, Morgan Stanley, and State Street shares. Anne Stausboll, interim chief investment officer of CalPERS ...

America on its knees

BENJAMIN ONG  |  THURSDAY, 18 SEP 2008
The bloodbath continues. The Federal Reserve's US$85 billion bailout of American Insurance Group (AIG) proved insufficient to calm the financial market panic that appears to be increasing by the day. The overnight sell-off saw more than three years' ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out. "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday ...

ShareInvest gets Lonsec approval

MICHAEL HOBBS  |  MONDAY, 15 SEP 2008
OneVue's separately managed account (SMA) product, ShareInvest, received an 'approved' rating from Lonsec. Lonsec found the product's fees were transparent and reasonable for the administration service provided. "This means when financial planners use ...