Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 5861 - 5870 of 6884 results for "Act2"

Market Wrap - Morning

AAP  |  TUESDAY, 7 OCT 2008
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 ...

Rescue package YES, economy NO

BENJAMIN ONG  |  FRIDAY, 3 OCT 2008
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 rebuffs super stats critics

ALEX DUNNIN  |  WEDNESDAY, 1 OCT 2008
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 ...

Head or tails?

BENJAMIN ONG  |  WEDNESDAY, 1 OCT 2008
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 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 1 OCT 2008
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. ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
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 ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
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 ...

NZ Super suffers $568m loss

RUTH LIEW  |  MONDAY, 29 SEP 2008
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 ...

Emergency Economic Stabilization Act of 2008

BENJAMIN ONG  |  MONDAY, 29 SEP 2008
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 ...

LGSS affected by shorting ban

RUTH LIEW  |  FRIDAY, 26 SEP 2008
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 ...