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Showing 4081 - 4090 of 4839 results for "EAC"

Market Wrap - Midday

AAP  |  THURSDAY, 16 OCT 2008
The Australian share market was trading more than five per cent lower at noon dragged down by the resources sector and after heavy losses from Wall Street. At 1200 AEDT, the benchmark S&P/ASX200 was down 237.6 points, or 5.53 per cent, at 4,062.4, while ...

CSAM opens commodity fund

MICHAEL HOBBS  |  THURSDAY, 16 OCT 2008
Credit Suisse Asset Management is to offer its enhanced commodity fund to the retail and institutional market as a way for investors to gain returns that are uncorrelated to equity markets. The Credit Suisse Enhanced Commodity Fund was launched roughly ...

MLC locks premium rates

RUTH LIEW  |  WEDNESDAY, 15 OCT 2008
MLC is locking its insurance level premium rates for the next five years and refreshing its product disclosure statements in its latest endeavour to draw fresh clients. MLC confirmed at its Insurance Forum today that the guarantee applies to new clients ...

FPWS unveils new SMA service

RUTH LIEW  |  TUESDAY, 14 OCT 2008
First Prudential Markets is entering the separately managed accounts arena via a partnership with First Prudential Wealth Services. "[Managed accounts] are highly tax efficient, provide direct ownership of shares and can be cheaper than managed funds ...

Fortis fund 'On Hold' after CIO departure

RUTH LIEW  |  MONDAY, 13 OCT 2008
Fortis Investment's High Income Global Property Securities Fund has been put "On Hold" by ratings house Standard and Poor's following the retirement of Nancy Holland, chief investment officer for the property team. Holland is leaving Fortis at the end ...

Market Wrap - Midday

AAP  |  THURSDAY, 9 OCT 2008
Australian stocks were at lower at noon after world stock markets suffered another dizzying slide overnight as traumatised investors brushed aside central bank interest rate cuts aimed at boosting confidence. At 1200 AEDT, the benchmark S&P/ASX200 was ...

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
Lehman Brothers subsidiary Neuberger Berman Management has put up its hand to be a part of the US Treasury Temporary Guarantee Program for Money Market Funds. The trustee board of bankrupt Lehman Brothers' asset management arm, along with all other ...

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 ...

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The Commonwealth Bank of Australia has purchased BankWest and St Andrew's Australia for $2.1 billion. Commonwealth Bank is determined to keep its strong capital position and intends to fund the purchase price by undertaking a $2 billion accelerated ...

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
Taking lessons from the past, a shock response from the world's major central banks in the form of big interest rates reductions - in the order of say 50-100 basis points each time - might assist reducing the magnitude and length of the coming recession ...