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| | | Life insurers and industry body IFSA are backing a proposed state legislation to abolish stamp duty and other related taxes on life insurance products which, if passed, could reduce premiums by up to 12 per cent. Yesterday industry body IFSA, which ... |
| | | | One of the major recommendations that came out of the recent 2020 Summit was for a "root and branch" review of tax system even though we all know this is just code for Prime Minister Rudd wanting to increase, not lower, the tax take. Case in point is ... |
| | | | Commonwealth Bank hopes to get first mover advantage over its big bank rivals by launching a project to overhaul several of its most antiquated, but core, information systems. CBA yesterday briefed the media and investors on plans to spend $580 million ... |
| | | | Hedge funds have recorded their worst quarter in almost six years but managed futures bucked the trend. According to Man Investments Quarterly Review, the HFRX Global Hedge Fund Index fell 2.78 per cent in this year's first quarter. The report found ... |
| | | | Yesterday's CPI spike just made fighting inflation and housing affordability that little bit harder but at least it will help the country pay for its oil import bill. Inflation rising 4.2 per cent, above what most market economists were expecting, is ... |
| | | | Multi-manager ipac securities has moved approximately $160 million out of BT and into Prisma Capital Partners, a US-based fund of hedge fund represented locally by alternatives consultant Brookvine. Up until last month, Ipac invested the sums with BT ... |
| | | | ... three straight weeks of gains. WELLINGTON - The sharemarket clawed back some of its losses on Friday, but remained in the red as it followed the lead of the Australian market. The benchmark NZSX-50 index fell 0.3 per cent, or 11.46 points, to 3557.47 ... |
| | | | Worldwide pension savings might have doubled in the 10 years to 2006 to US$24 trillion but retirement liabilities are estimated to be more than six times that, reveals the State Street Corporation pension industry Vision Report. This disparity illustrates ... |
| | | | The Australian share market was over one per cent in the red at noon following a weak performance on Wall street and a decline in metals overnight. At 1200 AEST, the benchmark S&P/ASX200 index was 1.19 per cent, or 84.0 points lower, at 5435.0, while ... |
| | | | ... traders that are colluding with insider knowledge to buy across different trading venues," he said. Traders who "paint the red tape" or continuously take a best offer in a market to drive up a share price, will also not be spared. "There's hundreds of ... |
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