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House lending remains strong: RBA

... the corresponding month of 2002. In a development which further undermines the case for a rate cut when the RBA board meets next week, housing-related credit surged a further 1.8% in June. The total value of lending for housing was up 21.4% on June 2002 ...

FPA mandates degree entry for CFP in 2007

... to position it at a postgraduate level. He said the course would be more academically challenging from the first semester next year because the FPA believes that CFP's should meet rigorous standards in knowledge, skill and ethics. The FPA said its Diploma ...

Midday market wrap: Bonds, shares both weaker

... shorter parts of the yield curve still remain vulnerable in the absence of an imminent rate cut by the RBA. The central bank next meets on 5 August. A report from the ABS showing Australia's trade deficit widened to $2.1 billion in June had little impact. ...

S&P places BBB-plus ratings on Deutsche MTN program

WITH AAP  |  TUESDAY, 29 JUL 2003
... infrastructure finance ratings group credit analyst Paul Draffin said. Resolution of the CreditWatch is expected to occur in the next few weeks and will incorporate a review of the security to be provided to MTN holders. Meanwhile S&P lowered its long-term ...

HIH liquidators to attempt $1 billion recovery

... appropriate settlement cannot be achieved in the first instance, the liquidators expect to proceed with a number of actions in the next six months, with other actions to follow at a later stage," they said. "Some potential defendants have already made ...

Morning market wrap: US shares sharply lower

AAP  |  FRIDAY, 11 JUL 2003
... although investors were reluctant to push the bond market higher ahead of Fed Chairman Alan Greenspan's testimony to Congress next week. The yield on the benchmark 10-year bond fell 3 points to 3.66%. The US dollar soared to a two-month high against ...

Increase in Government unfunded super liabilities may cause super vacuum

... billion in super payments this financial year, with the annual outlay expected to increase by almost $100 million over the next two years. Speculation has been growing recently as to how the Government plans to spend the $34 billion that the future sale ...

Former HIH executives win reduction in liquidator payout

... today's decision ASIC expects to authorise the release to the HIH liquidator of the recalculated compensation within the next month. This will be paid from monies already secured under the original orders. The pecuniary penalties of $1.155 million have ...

NZ watchdog allows Tower capital-raising to proceed

WITH AAP  |  MONDAY, 7 JUL 2003
... shareholders at 90 cents a share, it told NZX today. The troubled insurer is raising the funds to pay debt that is to mature next month. -

Lend Lease completes US HCI sale

... million ($149.25 million) at the date of closing," Lend Lease said. "The majority of these items will be realised over the next 6-12 months."