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Showing 7051 - 7060 of 7103 results for "June 2011"

RBA leaves interest rates at 4.75 per cent

Market speculation of an interest rate cut due to the strengthening Australian dollar has been cut short by the Reserve Bank of Australia's (RBA) decision to leave official cash rates unchanged at 4.75 per cent. "We still expect the Bank to leave rates ...

Challenger to close New Zealand retail operations

Challenger International has decided to close its New Zealand retail operations, effective June 30, following an extensive assessment of the company's existing position in that market. Challenger will also cease managing wholesale monies invested in ...

ASIC backs Village Roadshow on dividend suspension decision

The Australian Securities and Investments Commission (ASIC) today announced that the suspension of preference share dividends by Village Roadshow was "permitted under the constitution of the company." But in the future, issuers of preference share prospectuses ...

Ireland sets new course for Mariner

Former Challenger managing director Bill Ireland has wasted no time in plotting a new course for Mariner Financial and Mariner Retirement Solutions by unveiling a link-up with Industry Fund Services (IFS) and investment bank Babcock and Brown that will ...

Government appoints Graeme Samuel as chairman of ACCC

Federal Treasurer Peter Costello has announced the appointment of Graeme Samuel as the chairman of the Australian Competition and Consumer Commission (ACCC) from July 1 for a period of 12 months. Costello said the position of chairmanship of the ACCC ...

CSR's Kirby to join Macquarie Bank board

CSR chief executive officer Peter Kirkby is to join the board of Macquarie Bank as an independent non-executive director, Macquarie Bank announced today. Kirkby is due to leave his current position after the demerger of CSR into two listed companies-Rinker ...

Stockland targets AMP Diversified Property Trust

Property development group Stockland has launched an unconditional takeover bid for AMP Diversified Property Trust (ADP), it has announced. Stockland currently owns 17.3 per cent of ADP. Stockland said that it would offer one stapled security and 80 ...

Tasmanian doctor to face 35 securities charges

The Australian Securities and Investments Commission (ASIC) has announced that it has committed Hobart-based Dr Jasbir Singh Narulla to stand trial on a total of 35 charges. Dr Narulla has been charged with 33 counts of fraudulently inducing a person ...

ASIC takes action against Bosnian-based insurer

The Australian Securities and Investments Commission (ASIC) today announced that it had take action against four Australian companies who have been writing insurance on behalf of Bosnian-based insurer Grand Osiguranje AD Zvornik (Grand). ASIC obtained ...

Rising dollar advances case for interest rate cut: ICAP

The rise of the Australian dollar above the US$0.65 mark represents a significant tightening in financial conditions that may bring the Reserve Bank of Australia (RBA) closer to easing interest rates in the second half of the year, according to Dr Ric ...