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| | | ... downgrade on its four largest banks from ratings agency Fitch. The London FTSE 100 index shed 36.98 points, or 0.69 per cent, to close at 5,315.09. FRANKFURT - The DAX 30 fell 84.37 points, or 1.48 per cent, to 5,604.07. PARIS - The CAC 40 dropped 49.64 ... |
| | | | ... winding up the company before agreeing to the present proposal. "Shareholders can reasonably expect shares to trade at or close to net tangible asset backing and if a discount persists, the board has an obligation to propose options to start giving capital ... |
| | | | ... July last year. This announcement came after the group's asset management division, which was later sold, was forced to close the High Yield fund following a rise in redemption requests from investors. |
| | | | Australian shares are expected to open flat after Wall Street indices moderately lower. At 0823 AEDT on the Sydney Futures Exchange, the March share price index contract was two points lower at 4,699. In economic news on Tuesday, Reserve Bank of Australia ... |
| | | | ... the Fed when it announced the lifting of the discount rate from 0.5 per cent to 0.75 per cent effective 19 February at the close of trading on Wall Street last Thursday. The Fed also shortened the maximum maturity of any borrowings at the discount window ... |
| | | | Australian shares are likely to open higher on Monday led by Wall Street and after gains among commodity and metal prices. At 0726 AEDT on the Sydney Futures Exchange, the March share price index contract was 58 points higher at 4,666 points. In economic ... |
| | | | ... said Guggenheim's purchase will strengthen the firm's capital position and resource base. The transaction is expected to close during the second or third quarter of this year, subject to certain regulatory and other approvals. Guggenheim Partners is ... |
| | | | Super fund trustees must make sure they have the option to audit their administration provider's performance, at short notice, to minimise the risk of fraud, according to KPMG. Speaking at the Self Managed Super Fund Professionals' Association of Australia ... |
| | | | HOSTPLUS is looking to hand out $1 billion in investment mandates across all asset classes this year. Sam Sicilia, chief investment officer of the $7 billion fund, HOSTPLUS, said they are looking to spend the sum on existing mandate top-ups and hiring ... |
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