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BNP Paribas wins six years with AMP

RUTH LIEW  |  TUESDAY, 2 SEP 2008
BNP Paribas Securities Services has won a six year custody and fund administration services mandate with AMP Ltd. BNP Paribas yesterday confirmed the extension of the AMP contract until 2014. AMP however is not a new client of BNP Paribas, which has ...

Fitzpatrick vacates VFMC chair

RUTH LIEW  |  TUESDAY, 2 SEP 2008
Mike Fitzpatrick, chairman of the $37 billion Victorian Funds Management Corporation, is ending his three year term in January next year. In a media statement released yesterday, VFMC confirmed that Fitzpatrick had advised the fund's board that he will ...

Today's the day

BENJAMIN ONG  |  TUESDAY, 2 SEP 2008
The Reserve Bank of Australia (RBA) will convene its monthly Board meeting at 9:30 AM today. By 2:30 PM, financial markets will either get confirmation or disappointment on several weeks of speculation that the RBA will lower the official cash rate ...

Market Wrap - Morning

AAP  |  TUESDAY, 2 SEP 2008
A falling oil price in electronic trading in New York overnight may boost the Australian stock market today, although it may also have a constraining effect on energy stocks. With physical markets on Wall Street closed for Labor Day, there is otherwise ...

Market Wrap - Morning

AAP  |  MONDAY, 1 SEP 2008
The Australian stock market has received negative leads from Wall Street on Friday, although in a special trading session on in New York yesterday, oil rose again in anticipation of Hurricane Gustav making landfall in the continental US. At 0751 AEST ...

Industry questions dual role of CEO

RUTH LIEW  |  FRIDAY, 29 AUG 2008
... interest issues. "The CEO has relationships within the management team that are quite different to the rest of the board. Yes, that may bring a lot of knowledge and history and there may be individuals out there that can handle the situation brilliantly. ...

Market Wrap - Morning

AAP  |  FRIDAY, 29 AUG 2008
The Australian stock market is expected to open stronger after US stocks gained for a third day overnight, led by manufacturers and financial companies. At 0734 AEST on the Sydney Futures Exchange, the September share price index futures contract was ...

Market Wrap - Morning

AAP  |  THURSDAY, 28 AUG 2008
The Australian stock market is expected to open stronger after US stocks gained for a second straight session overnight. At 0738 AEST on the Sydney Futures Exchange, the September share price index futures contract was up 53 points at 5,038. Today ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 AUG 2008
The Australian stock market is expected to open in positive territory after US stocks ended mostly higher overnight. At 0740 AEST on the Sydney Futures Exchange, the September share price index futures contract was up six points at 4,992. Today, the ...

Market Wrap - Midday

AAP  |  TUESDAY, 26 AUG 2008
The Australian stock market was two per cent lower at noon, led by financial companies after taking its lead from a faltering Wall Street on more concerns about the global credit crisis. Yesterday's gains have been more than wiped out during morning ...