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Showing 8611 - 8619 of 8619 results for "DIF"

Costello cautions supers against overseas equity investments

John Fernando Federal Treasurer Peter Costello today said that he believed that it was "unwise" for superannuation funds to be investing large sums in overseas stocks, citing dramatic losses in global equity prices over the past few years. Speaking ...

AMP record $896 million for 2002

John Fernando AMP posted $896 million in losses for the year ending December 31 2002 as the company had $1,571 million in write-offs and restructuring costs. The loss sustained by AMP last year represents a 230% fall in profits when compared to the ...

Aus equities managers struggle to beat benchmark as shares fall

Paul Cully The above-index value offered by Australian equities fund managers during the past 12 months has decreased in comparison to longer-term performance, according to research released today by Rainmaker Information. The average Australian equities ...

Super licensing to be based on effective risk management capacity

John Fernando The Australian Prudential Regulation Authority (APRA) said today that its granting of superannuation licences under a new government reform package to come into effect in early 2004 will depend on a trustee's ability to effectively demonstrate ...

Telstra in $946 million write-down of its Asian venture

John Fernando Telstra has written down the value of its Asian joint venture international voice and data carriage business Reach Ltd of Hong Kong to zero. This non-cash write down of $946 million would be reflected in Telstra's first half 2002-03 accounts ...

Qantas staff strikes loom as profits soar 56%

John Fernando Qantas Airways today announced an after tax profit $352.5 million for the half-year ended December 31 2002. This represents an increase of $199 million or 56% over the corresponding period for 2001. The group had total revenues of $5.88 ...

Slight decline in fund managers' fees: RBA

John Fernando Fund management fees have declined slightly in recent years have, according to research released today by the Reserve Bank of Australia (RBA). In its latest bulletin, the RBA said retail entry fees are under some downward pressure from ...

Morningstar gives four stars to "consistent" Commonwealth

Paul Cully Morningstar today gave a four-star rating to Commonwealth Investment Management's (CIM) style-neutral 'Active Core' Australian equities funds, praising its "consistent" risk profile management, but added that a lack of disclosed attribution ...

Troubled Tower replaces Byer as chairman

Paul Cully Beleaguered trans-Tasman financial services group Tower today announced the replacement of chairman Colin Byer with Melbourne-based Olaf Duill, paving the way for a showdown at the group's annual meeting on March 27 as Byer attempts to gain ...