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| | | The Australian share market is set to fall at the open after world stock markets plummeted on Monday as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. At 0806 AEDT, the December Share Price ... |
| | | | Following last Monday's preview of a financial market pandemonium, there was little doubt in anyone's mind that the US Senate will pass the Treasury's US$700 billion rescue package. The Senate voted 74 to 25 in favour of the Emergency Economic Stabilization ... |
| | | | APRA has smacked down criticism by retail groups that the regulator's superannuation fund performance research is flawed. Ross Jones, APRA deputy chairman, in a letter accompanying the release of their report, A Response to [the] Review of APRA's Investment ... |
| | | | Heads, you lose US$1 trillion. Tails, you lose US$700 billion. This is the stark choice that stares the US Congress in the face after seeing the market pandemonium that followed their rejection of the Treasury/Federal Reserve's bail-out package. Relative ... |
| | | | Australian stocks are expected to show a stronger performance today, following a stronger performance on Wall Street overnight. At 0800 AEST, the December Share Price Index futures contract on the Sydney Futures Exchange was 127 points higher at 4,812. ... |
| | | | You call last week a sell-off, this is a sell-off. Wall Street is now more than US$1,000,000,000,000 (US$1 trillion) cheaper as investors dumped stocks following news of the US House of Representatives' rejection of the US$700 billion financial sector ... |
| | | | The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall. The fate of Fortis ... |
| | | | The world credit crisis has drawn blood from another victim, with New Zealand Superannuation Fund posting a loss of $568 million or 4.92 per cent for the year ended 30 June 2008. The 4.92 per cent figure was the fund's net return on investment for the ... |
| | | | Volatility ruled financial market activity last week as investors ignored economic data and focused on developments surrounding the US Treasury/Federal Reserve negotiations with Congress over their proposed bail-out package. Equity and bond markets ... |
| | | | ASIC's crackdown on short selling has left a profound impact across the local investment industry, including upsetting the investment strategy of the $5.5 billion Local Government Superannuation Scheme. Around eight to 10 per cent of LGSS' investment ... |
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