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Showing 6111 - 6120 of 6267 results for "DET"

AMP debt down by 2005: CEO

AAP  |  MONDAY, 13 OCT 2003
AMP's demerger and debt reduction program should see the troubled finance giant with excess cash and a possible share buy-back by the end of 2005, AMP chief executive Alan Mohl said over the weekend. AMP will have to inject another $84 million into ...

August House finance supported by low rates: economists

AAP  |  FRIDAY, 10 OCT 2003
Housing finance approvals remained strong in August, underscoring the mix of low interest rates, low unemployment and rising house prices, economists said. The Australian Bureau of Statistics reported housing finance rose 2.1 per cent in the month ...

ARPA receives enforceable undertaking

Australian Prudential Regulation Authority (APRA), in a lengthy statement to the public regarding the AMP's demerger episode, has said as part of APRA's review of the demerger, an enforceable undertaking was received from AMP Limited. This undertaking ...

AMP details $1.2 billion rights issue as part of demerger

AAP  |  FRIDAY, 10 OCT 2003
Troubled financial services group AMP Ltd is to undertake a $1.2 billion rights offer to redeem its reset preferred securities as part of its planned demerger. AMP also said it is injecting a further net $84 million into its United Kingdom operations. ...

Some CLERP rules "excessively prescriptive"

AAP  |  THURSDAY, 9 OCT 2003
Some rules contained in the CLERP 9 legislative package were "excessively prescriptive", PricewaterhouseCoopers chief executive Tony Harrington warned today. The federal government's proposed changes to corporate laws were announced yesterday. "In general ...

Consumer watchdog signals two-year ban on genetic testing

AAP  |  THURSDAY, 9 OCT 2003
Australia's consumer watchdog today indicated it would approve a two-year ban on life insurance companies asking clients to have genetic testing. The Australian Competition and Consumer Commission (ACCC) said it wanted to give insurers and the government ...

NAB commits to expanding wealth management capabilities

National Australia Bank (NAB) has hinted it remains interested in acquiring the Australian Financial Services business of the AMP, today saying it will continue to invest in the bank's wealth management capabilities in Australia and the United Kingdom. ...

Costello unveils response to CLERP 9

The business and investment community has until 10 November to formally respond to the government's draft legislation on audit reform and corporate disclosure, the result of the ninth review of the Corporate Law and Economic Reform Program (CLERP 9). ...

RBA expected to hold rates, but hikes will come

Australia's effervescent economy will force interest rates to rise soon but most economists think the Reserve Bank will wait for further evidence of a global upswing before hiking rates. The Reserve Bank of Australia (RBA) has kept rates on hold for ...

AMP asks for more debt

AAP  |  TUESDAY, 7 OCT 2003
Troubled fund manager and life insurer AMP Ltd has reportedly asked Britain's Financial Services Authority (FSA) to accept a higher level of debt in its United Kingdom operations. AMP wanted permission to increase the debt in a "last ditch effort to ...