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Showing 821 - 830 of 1049 results for "L1 Capital"

Japan bank buys $11bn of Morgan Stanley

MICHAEL HOBBS  |  TUESDAY, 30 SEP 2008
Mitsubishi UFJ Financial Group (MUFG) bought more than $11 billion in Morgan Stanley equity for a 21 per cent interest in the company, a deal that forms an alliance between the two firms to pursue corporate and investment banking opportunities. The ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall. The fate of Fortis ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out. "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday ...

SWFs finalise principles

MICHAEL HOBBS  |  MONDAY, 8 SEP 2008
Sovereign Wealth Funds (SWFs) and the International Monetary Fund (IMF) are finalising a set of voluntary principles which aim to shed some light on the investment activities of the sector. Speaking at a Ministry of Finance of Chile conference, John ...

Capex & Credit at the forefront

BENJAMIN ONG  |  SUNDAY, 24 AUG 2008
This Week's Market Movers (25 - 29 Aug 2008) Last week's economic releases continued the common theme of global weakness and elevated inflation. Financial market activity were once again volatile as thin trading volumes exaggerated downward moves in ...

Central Banks hold fire

BENJAMIN ONG  |  FRIDAY, 8 AUG 2008
The week of central watching finished with the Reserve Bank of Australia, the US Federal Reserve, the European Central Bank and the Bank of England opting to hold monetary policy steady this month. Fixed income markets rallied overnight following unchanged ...

Sub-prime divorce binge

ALEX DUNNIN  |  THURSDAY, 31 JUL 2008
The sub-prime induced credit crunch blowing a hole in the wallets of well-heeled London couples is fuelling a spike in divorces among stockbrokers, financial analysts and hedge fund managers. According to a report in the Economist magazine, City couples ...

Genesys buys TIME Partners stake

MICHAEL HOBBS  |  TUESDAY, 22 JUL 2008
Genesys Wealth Advisers bought an equity stake in Maitland based financial planning practice, TIME Partners. This capital injection from Genesys will allow TIME Partners' principals to buy further planning practices in the region and also develop a ...

Perpetual capital protected gains $130m

RUTH LIEW  |  WEDNESDAY, 16 JUL 2008
ASX listed Perpetual Limited's capital protected structured products has attracted more than $130 million from retail investors. Perpetual's general manager structured products, Russel Chesler, said despite difficult market conditions and increasing ...

Market Jitters Redux

BENJAMIN ONG  |  TUESDAY, 15 JUL 2008
Market Movers Overnight 15 July "Just when you thought it was safe to get back into the water." This was the movie JAWS 2's tagline back in 1978 and it aptly applies to the global financial markets current predicament. It may not have been a complete ...