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Liechtenstein blocks AML

RUTH LIEW  |  THURSDAY, 6 MAR 2008
The tiny principality of Liechtenstein, famous for its status as a global tax and investment haven, still poses a threat to international anti-money laundering efforts, a new International Monetary Fund report reveals. Liechtenstein's financial sector ...

Market Wrap - Morning

AAP  |  THURSDAY, 6 MAR 2008
... the health of the domestic economy. The Nikkei average ended down 0.16 per cent or 20.22 points at 12,972.06, the lowest close since January. HONG KONG - Hong Kong stocks eased in volatile trade as resource shares paced declines in commodities, driving ...

FGF wins $162m QIC mandate

RUTH LIEW  |  WEDNESDAY, 5 MAR 2008
Melbourne-based financial services company Fisher Graham Financial (FGF) has secured a $161.7 million mandate from QIC for the firm's specialist Asian markets investment partner, Yeoman Capital Management. Yeoman Capital Management, a Singapore-based ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 5 MAR 2008
... down 28.41 points, or 1.56 per cent, at 2,230.19. LONDON - Britain's FTSE 100 index fell for the fifth straight session to close down 0.9 per cent, led by banks and oil shares, but fund manager Schroders shone after its 2007 results beat expectations. ...

Clever but not too clever investing

RUTH LIEW  |  TUESDAY, 4 MAR 2008
Recent shakeouts in the LPT and direct property sector have prompted property investment firms including Ray White Invest to steer clear from "too clever" institutional products. RWI head of sales and distribution, David Adiseshan, said the recent chain ...

Market Wrap - Morning

AAP  |  TUESDAY, 4 MAR 2008
... growing US recession worries. The benchmark Nikkei shed 610.84 points, or 4.49 per cent, to end at 12,992.18, its lowest close since January 23. HONG KONG - Stocks fell, tracking losses in overseas equities on concern over US economic weakness, while ...

Market wrap - midday

AAP  |  MONDAY, 3 MAR 2008
... further write-downs in the financial sector. The Dow Jones industrial average dropped 315.79 points, or 2.51 per cent, to close at 12,266.39 while the Standard & Poor's 500 Index lost 37.05 points, or 2.71 per cent, to 1,330.63. The Nasdaq Composite ...

ASIC closes Risqy Forex scheme

RUTH LIEW  |  MONDAY, 3 MAR 2008
... Australian Securities and Investments Commission (ASIC) has obtained orders in the Supreme Court of Queensland in Brisbane to close an illegal managed investment scheme involving $14.5 million being operated by unregistered New Zealand-based Risqy Limited. ...

Chasing the deposit dollar

WWW.THESHEET.COM  |  MONDAY, 3 MAR 2008
... the big four banks are offering market competitive yields with Commonwealth Bank the price leader at 7.8 per cent and ANZ close behind at 7.75 per cent. Investing $10,000 at National will pay 6.2 per cent, with Westpac offering an unhappy 4.5 per cent. ...

Market Wrap - Morning

AAP  |  MONDAY, 3 MAR 2008
... December quarter Asciano Ltd will release interim results and Credit Suisse will offer its earnings season briefing. At close on Friday, the benchmark S&P/ASX200 index was down 79.1 points, or 1.4 per cent, to 5,572.1, while the broader All Ordinaries ...