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| | | The Australian share market had moved into positive territory by noon as bank shares recovered from a weak opening. At 1220 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 11.6 points, or 0.28 per cent, at 4,113.7, while the broader All Ordinaries ... |
| | | | Westpac has announced a major group structural shake-up, which sees the creation of two new divisions, senior appointments and the resignation of group executive Rob Coombe. The new Australian Financial Services (AFS) division combines Westpac Retail ... |
| | | | Australian shares were marginally higher at noon as a positive lead from the US was counterbalanced by continued worries about Europe's debt problems. At noon, the benchmark S&P/ASX200 index was up 5.1 points, or 0.12 per cent, at 4,290.7 points, while ... |
| | | | The demise of Europe, the rapid incline of Chinese growth and where Australia stands in all of this, were key topics of discussion for economists at the ASFA conference. According to Mark Thirlwell, director of international economy program, Lowy Institute ... |
| | | | Most superannuation funds earned positive returns at the end of this financial year for the second year in a row, thanks to a recovery in equity markets and higher fixed interest earnings over much of 2010/11. But, warns APRA, there are dangers ahead. ... |
| | | | The Australian share market opened slightly higher, with broad-based gains against a positive international backdrop of growth. At the open (AEDT), the benchmark S&P/ASX200 index gained 40.8 points, or 0.97 per cent, at 4,245.1 and the broader All Ordinaries ... |
| | | | ... shed value, with Commonwealth Bank down 1.5 per cent to $43.21 and Westpac 2.1 per cent lower at $19.09. National Australian Bank fell 2.9 per cent to $21.00, and ANZ lost the least, down 0.9 per cent to $19.77. The December share price futures index ... |
| | | | ... returned. Financial stocks were up 2.6 per cent, with all the major retail banks trading higher. The National Australian Bank gained the most ground, rising three per cent, or 67 cents, to $23.00. Turnover was 806.96 million shares changing hands for ... |
| | | | Smaller institutions such as credit unions and building societies are likely to be hardest hit by the Basel III capital reforms, said PwC, following the Australian Prudential Regulation Authority's release of a discussion paper on the subject. APRA ... |
| | | | World equity markets hold only $57 trillion, one-third less than the $90 trillion in world bond markets, so it might be time we paid a bit more attention to where the real money is. Like how despite the frenzy for more debt as governments scrambled ... |
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