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Govt to create national infra investment fund

ALEX DUNNIN  |  MONDAY, 12 MAY 2008
... needs in road, rail, ports and other infrastructure. "The funds that we allocate to the nation's infrastructure challenges in next week's Budget will be properly and responsibly allocated through the benefit of the Government's new statutory advisory ...

Less clients, larger loan sizes

... from emerging market (61 per cent) and Australian equities (47 per cent). They also expected interest rates to rise over the next 12 months," said Johnston. Michelle Baltazar

Synchron taps online insurance advice

RUTH LIEW  |  THURSDAY, 8 MAY 2008
... will be an emphasis on ensuring that Synchron advisers can compete in this digital environment," said Harrison. Over the next 12 months, Synchron will channel its energy into creating a greater web presence that will be fully integrated with their traditional ...

ASIC divides to conquer

... executive leaders', cutting 54 senior roles to 41 but on higher remuneration. The new structure will be completed within the next four months. ASIC said that it will retain its current staff levels of 1600 although the mix will change. The announcement ...

AXA appoints group insurance head

MICHAEL HOBBS  |  WEDNESDAY, 7 MAY 2008
... "intermediated market" to boost the firm's group insurance market share. Last month, AXA announced it was investing $30 million in the next three years in the financial protection market. "One of the key to AXA's success in this market will be in the ...

Market Wrap - Midday

AAP  |  FRIDAY, 2 MAY 2008
... certainly seeing less volatility in the market in recent weeks. "We're not seeing the massive swings from one day to the next that we were seeing a month or so ago." At 1202 AEST, National Australia Bank was up $1.27, or 4.22 per cent, to $31.37, ANZ ...

NAB buys stake in Pengana

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
... management, fund managers and directors. Pillemer said NAB's investment in Pengana Capital would allow the firm to "embark on the next phase of growth and continue to develop new products" and allow them to provide their funds to NAB clients. "There ...

Finsia names new president

MICHAEL HOBBS  |  WEDNESDAY, 30 APR 2008
... as vice president on Finsia's board for roughly two years and has been a director at the institute since 2005. "Over the next two years we will increase our focus on delivering premier professional services, strengthening our policy and advocacy program ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 30 APR 2008
... by UK-based utility BG Group. "That is a substantial premium. "There might be a few other plays later on. Energy, for the next few years, will be the commodities to be in." At 1202 AEST, Origin Energy shares were $3.89, or 37.15 per cent, higher at $14.36. ...

Five core banking systems overhauled at CBA

WWW.THESHEET.COM  |  TUESDAY, 29 APR 2008
... antiquated, but core, information systems. CBA yesterday briefed the media and investors on plans to spend $580 million over the next four years building new processing systems. This investment will cover five core systems: home loans, deposits, term ...