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| | | I'll keep the change, thank you. With these words, the National Australia Bank hammered home the point of one of the G20 protesters' slogans, 'Bankers, rhyme with ?' Yesterday's decision by the Reserve Bank of Australia (RBA) to reduce the official ... |
| | | | The Australian share market is expected to open flat after receiving mixed leads from overseas. Wall Street broke a four-day advance on Monday as a rally in financial stocks fizzled and dragged the market lower. Gold and silver prices were weaker, while ... |
| | | | Research and ratings firm, Standard & Poor's has given the Aberdeen Financials Fund a 'three star' rating. The fund is managed using a bottom-up investment approach and features a low five per cent annual portfolio turnover. Mark Daniels, Aberdeen head ... |
| | | | ... diversified investment options that include an allocation to the asset class. While the Federal Government guarantee for Australian bank desposits does not extend to super funds, Equipsuper, like many other industry funds, are finding safe havens in ... |
| | | | Northern Trust has been granted an Australian banking licence, allowing it to provide banking transaction services and broader custody and asset services to its local clients. The licence means Australian based Northern Trust clients such as the federal ... |
| | | | Australian banks are expected to invest in key risk technologies to boost their defensive position over the next 12 months in response to the global credit crisis. IT expenditure will come under new scrutiny but the area is no longer regarded as an ... |
| | | | Punters would have been better off putting their hard-earned dollar into the Melbourne Cup winner - Viewed -- yesterday than on the RBA rate cut expecting an equity market gain. Both provided a surprise outcome, but while Viewed returned A$46.50 to ... |
| | | | AMP Capital Investors has appointed Jonathan Reoch as senior portfolio manager, Asian Equities. Prior to joining AMP, Reoch was at Maple-Brown Abbott where he was the Asian Regional Financials analyst, making stock calls on financial companies in the ... |
| | | | The hedge fund industry has condemned the Australian Securities and Investments Commission's (ASIC) decision to extend the ban on short selling on non-financial stocks, declaring it will have "severe and immutable long-term effects". ASIC extended the ... |
| | | | The Commonwealth Bank is negotiating with HBOS plc to purchase BankWest. In a statement from the Australian Securities Exchange (ASX), Commonwealth Bank said both parties are yet to reach an agreement. This news follows UK bank, Lloyds TSB, buying HBOS ... |
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