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S&P says nonlife insurance sector will remain strong in 2004

AAP  |  TUESDAY, 25 MAY 2004
Strength in Australia's nonlife insurance sector is likely to continue in 2004 despite indications the insurance cycle has peaked recently, a report by Standard & Poor's Ratings Services said on Monday. The Australian nonlife insurance sector reported ...

CBA CEO David Murray to stay on in top job

AAP  |  MONDAY, 24 MAY 2004
... the departure of former chief financial officer Michael Ullmer. Analysts speculated that Mr Murray\'s 11-year grip on the top job had prevented Mr Ullmer from taking the next step up in his own career. \"That\'s always an issue for a board,\" Mr Murray ...

New AMP fund puts small scale investors into China

... Investors' China Fund was conceived to tap into the long-term growth potential of the mushrooming Chinese economy via its top 25 companies. China's GDP is expected to grow at 8% per annum over the next decade. AMP Capital Investors said a 12% annual ...

AMP office trust reports $26.3m profit

... Wellington was modest to strong in the past two years. Wellington had a shortage of good stock supply and a vacancy rate in the top seven or eight buildings as low as 2.3%. Increasing construction costs of new buildings was driving rentals up, Mr Lang ...

Jeff Lucy confirmed as ASIC chairman

Jeff Lucy has been confirmed as the head of the securities watchdog after six months acting in the top job. Treasurer Peter Costello said Mr Lucy would serve a three-year term as chairman of the Australian Securities and Investments Commission (ASIC). ...

Westfield locks in $140 million worth of interest savings

AAP  |  FRIDAY, 30 APR 2004
... global growth opportunities," Mr Lowy said in a statement. UBS today said in a note to clients that the S&P rating was in the top tier of property companies globally. "(The rating) should maximise the group's potential in gaining access to global debt ...

WTO warns time running out

At a Geneva meeting of the WTO's 146 member states, including Australia, director-general Supachai Panitchpakdi welcomed a new willingness between delegates to discuss thorny topics such as farming but warned that time was running out. Last month, countries ...

Telstra tops market expectations

AAP  |  WEDNESDAY, 21 APR 2004
Telstra today topped market expectations, reporting third quarter sales revenue had risen by 1% to $5.014 billion. The result compares to market expectations of an increase between 0.4-0.5%. Underlying sales revenues for the three months ended March ...

ASIC says 22 companies didn't disclose directors options

... between June 30 and December 31 2003. Out of those reports, 22 failed to meet new requirements, which also included naming the top five highest paid executives of the companies. During its review of 2003 financial reports, ASIC also found that 20 audit ...

Loans to property investors continue to fall: ABS

AAP  |  THURSDAY, 15 APR 2004
... February. The figures from the Australian Bureau of Statistics (ABS) confirmed a slowdown in the property market, coming on top of a drop in home loan approvals earlier this week. Home loans for owner-occupiers fell 1.1%, on a seasonally adjusted basis ...