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Market wrap

AAP  |  WEDNESDAY, 19 APR 2006
... per cent higher at a fresh five and a half-year high, while China shares surged as investors cheered a loosening in the country's investment rules. The Hang Seng index ended up 208.08 points at 16,637.53, a level last seen in September 2000. WELLINGTON ...

Daily economic update

... disposable personal income and hurt consumer spending unless offset by increases in wages or debt, wherever net oil-importing country one lives. Then there is oil's impact on inflation.

Aon buys private insurance broker Freeman McMurrick

... continues with Aon Australia acquiring Freeman McMurrick, one of the largest privately owned insurance brokers in the country. "We are very excited about the growth opportunities that this significant acquisition offers," said Peter Harmer, chief executive ...

Daily Economic Update

... month. This surge in the trade surplus will no doubt heighten the protectionist trend in the US Congress although the country breakdown of the surplus was not available. Chinese president Hu Jintao and President Bush will meet in Washington on 20 April ...

APRA appoints head of numbers team

... on behalf of regulatory and statistical agencies, and its statistics unit is the largest repository of its kind in the country. Davies holds an honours degree in Mathematics and Computation from Oxford University as well as a PhD in Statistical Science ...

Genesys hunts for new Qld firms under BOQ deal

KATE HAGE  |  FRIDAY, 7 APR 2006
... areas where gaps exist and we will be looking to fill those very quickly. BOQ has an extensive footprint right across the country, but its Queensland network will be particularly useful in helping us fill those gaps," he said. The move comes after a ...

Westpac flags billion dollar play in residential REIT

... domestic residential property and has launched the first residential real estate investment trust (REIT) in Australia. The country's fourth largest bank has beaten St George and Macquarie Bank to the punch by planting its stake in the largest, and ironically ...

TOWER to tower after PrefSure merger

... the new initiatives, said Callander, is part of the group's push to become the largest provider of life insurance in the country, particularly in the master trust market. "We have a three-pronged strategy which involves growing the retail life insurance ...

Commonwealth banks on customer service and IT

... strategy that includes merging two key units, improving IT and offering flexible employment in a bid to remain one of the country's leading banks. Commonwealth's chief executive officer, Ralph Norris, said that the bank is to roll-out numerous changes ...

Manage the property, don't chase the sector: Centro

Finding a country with a booming retail property sector and diverting your investment capital accordingly is not as important as the bottom up management of your direct property investments, according to Centro. On the back of its announcement that ...