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Showing 4821 - 4830 of 6251 results for "December 29"

Bad news is good news

BENJAMIN ONG  |  MONDAY, 9 FEB 2009
... strongest week since the first week of 2009 in spite of reports that the unemployment rate increased to 7.6 per cent in December - the highest since 1992. The Nasdaq rallied by 7.8 percent over the week, the S&P 500 by 5.2 percent and the Dow by 3.5 ...

Focus on the good

BENJAMIN ONG  |  FRIDAY, 6 FEB 2009
Whew! Finally a bit of good news. Or rather investors chose to see the good rather than the bad. US equities closed last night's trading up more than 1 per cent, reversing early losses brought on by reports that initial jobless benefit claims jumped ...

Macquarie targets funds mgmt acquisitions

JOHN KAVANAGH  |  THURSDAY, 5 FEB 2009
Macquarie Group is aiming to take advantage of anticipated divestments of wealth management businesses by its global banking and investment banking rivals to bulk up in funds management. Macquarie Funds Group (MFG) head Shemara Wikramanayake told analysts ...

ASIC blocks $2m Storm bonus

MEDIA RELEASE  |  THURSDAY, 5 FEB 2009
The Australian Securities and Investments Commission (ASIC) has obtained a court order preventing a payment of $2 million from Storm Financial to a bank account in which is held by Emmanuel and Julie Cassimatis. The sum was transferred from a Storm ...

LUCRF lowers pension fees

RUTH LIEW  |  THURSDAY, 5 FEB 2009
The $2.4 billion LUCRF Super has slashed its fees for all its pension members from 0.9 per cent to as low as 0.2 per cent. According to a statement by the industry fund, the move comes amid plans to align LUCRF Pensions fees with its superannuation ...

Merry Christmas retailers

BENJAMIN ONG  |  THURSDAY, 5 FEB 2009
Well there we have it ladies and gentlemen. Yesterday's Australian retail sales figures have swung the pendulum in favour of Kevin 07 and his fiscal stimulus package. The Federal Opposition has been making noises ever since the A$42 billion was first ...

Double Bay brokers banned

MICHAEL HOBBS  |  WEDNESDAY, 4 FEB 2009
The Australian Securities and Investments Commission (ASIC) banned Double Bay - based Phillip Dryer and Colin Littlemore from providing financial services for four years after the regulator found they were operating without a licence. The regulator ...

Cost of share trading spikes

MICHELLE BALTAZAR  |  WEDNESDAY, 4 FEB 2009
The cost of trading Asian and Australian equities rose by 150 per cent last year compared to a year ago after bid-ask spreads widened to abnormal levels during the credit crisis, according to research. Trading cost data and analysis provider ITG released ...

Halmarick joins CFS

COMPANY RELEASE  |  TUESDAY, 3 FEB 2009
Former Citigroup managing director Stephen Halmarick joins Colonial First State Global Asset Management as head of investment markets research. With a career spanning more than 23 years, Halmarick was most recently managing director and co-head of Citigroup's ...

Market Wrap - Morning

AAP  |  TUESDAY, 3 FEB 2009
The Australian stock market has received a mixed lead from Wall Street overnight, with key indices mixed while oil and precious metals fell. At 0832 AEDT on the Sydney Futures Exchange, the March SPI futures index was seven points higher at 3,467. In ...