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Showing 6431 - 6440 of 10709 results for "May 1997"

ASIC brandishes whip on dark liquidity and HFT

JAMES FERNYHOUGH  |  TUESDAY, 13 AUG 2013
Dark liquidity and high frequency trading (HFT) will be subject to new regulation after the Australian Securities and Investments Commission (ASIC) announced its new market integrity rules. ASIC Commissioner Cathie Armour said the new rules will improve ...

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
The Federal Court's decision to approve the appeal by the Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator ...

Cut welfare, give savings to defence: UK minister

ALEX DUNNIN  |  TUESDAY, 13 AUG 2013
In a possible warning of political arguments Australia may confront in coming decades when the national budget faces mounting aged care and pension costs, a leading UK government minister has proposed cutting welfare and diverting the savings to the ...

Can cheap, high quality stocks can still be found?

MARK SMITH  |  TUESDAY, 13 AUG 2013
The world's largest and best-known defensive companies may look overvalued but that doesn't mean investors should give up on finding quality businesses with predictable earnings and capital preservation potential, according to AllianceBernstein senior ...

LM liquidators get boot over conflict of interest

JAMES FERNYHOUGH  |  MONDAY, 12 AUG 2013
The Queensland Supreme Court has appointed a new receiver to oversee the winding up of LM Investment Management Limited's (LM) failed First Mortgage Income Fund (FMIF) after it found that its current liquidators had a conflict of interest. The new receiver ...

Strong US recovery to send bond yields through the roof

MARK SMITH  |  MONDAY, 12 AUG 2013
A faster and stronger-than-expected recovery in the US could send 10-year Treasury yields soaring to 10%, according to Magellan Financial Group chief executive officer and portfolio manager Hamish Douglass. In a presentation to advisers and other clients ...

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN  |  MONDAY, 12 AUG 2013
The Federal Court of Australia has determined that "a substantial wrong" occurred on May 2013 when a judged approved the settlement between Macquarie Bank and the victims of the Storm Financial fraud. The Court approved the request for appeal made by ...

Market Wrap

AAP  |  THURSDAY, 8 AUG 2013
The Australian share market has opened higher despite falls on Wall Street overnight. Telstra helped lead the local market upward after reporting a 12.9 per cent rise in full-year net profit to $3.9 billion. At 1027 AEST, Telstra shares were 7.5 cents ...

Market Wrap AM

AAP  |  THURSDAY, 8 AUG 2013
The Australian market looks set to open lower following falls on overseas markets overnight. At 0800 AEST on Thursday, the September share price index futures contract was down nine points at 4957. In economic news on Thursday, the Australian Bureau ...

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
The Australian Securities and Investments Commission (ASIC) has started legal action against what could be an elaborate diamond trading scheme designed to avoid the operation of the consumer credit laws. ASIC filed proceedings in the Federal Court in ...