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| | | In his first day as Westpac chief executive, Brian Hartzer has restructured the company's Australian Financial Services division. Hartzer was previously head of the division, which represents more than half of Westpac's profits and comprises its business ... |
| | | | ... banks - big and small - are getting the 'when Harry met Sally syndrome' - "I'll have what she's having". The Swiss National Bank jumpstarted it all with its "surprise" decision to abandon its CHF1.20/euro peg. This was the same time as the Reserve Bank ... |
| | | | ... confirming deflation could be taking hold for the long term, EU data showed. In local economic news on Monday, the Reserve Bank of Australia's index of commodity prices and the Australian Industry Group's performance of manufacturing (PMI) index, both ... |
| | | | The share market continues to rise on anticipation of a rate cut by the Reserve Bank next week. A fall in the Australian dollar under 78 US cents was also good for companies with operations overseas, with the major banks and big resources companies ... |
| | | | ... managing director and portfolio manager Robert Mead said. Prior to PIMCO, Ryan held positions at AustralianSuper, Commonwealth Bank and AMP Capital Investors, and has lectured in statistics at the Australian National University. |
| | | | ... Friday, the March share price index futures contract was up 47 points at 5,553. In local economic news on Friday, the Reserve Bank of Australia will its latest figures on outstanding loans for December. In equites news, Whitehaven Coal releases its half ... |
| | | | ... was awarded to Payden & Rygel (P&R) absolute return strategy, which aims to generate returns of 2% above the 3 month AFMA Bank Bill Swap Rate over the medium term. This is the second mandate VicSuper has awarded to P&R in the past three years. The manager ... |
| | | | ... confidence is moving in the opposite direction because businesses have been disappointed at the government's performance, Bank of America Merryll Lynch chief economist Saul Eslake said at the Financial Standard Chief Economist Forum in Sydney. Eslake ... |
| | | | ... plunging by a quarter or more, and yields on Greek 10-year bonds also rose above the symbolic barrier of 10 per cent. Piraeus Bank lost nearly 29 per cent, Alpha Bank was down around 26 per cent and National Bank and Eurobank shed around 25 per cent. ... |
| | | | ... it beat its full year production guidance and launched a strategic review of its operations. Among the banks, Commonwealth Bank fell 63 cents to $87.00, Westpac lost 13 cents at $34.43, National Australia Bank retreated 19 cents to $34.96, and ANZ descended ... |
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