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|A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks. Following the release of the PriceWaterhouseCoopers (PWC) report, NAB announced ...|
|The world economy does seem to be recovering after three years of underperformance in the early part of this decade, according to the Reserve Bank of Australia assistant governor (economic) Malcolm Edey. In an address at a Committee for the Economic ...|
|Share trading on the Australian stock market reached a record monthly total of $56 billion in October 2003, up from the previous record in September with $54 billion traded according to the Australian Stock Exchange (ASX). October was also the second ...|
|The Australian share market at noon remained in positive territory after a slightly stronger US market overnight, with local trading dominated by the newly demerged AMP Ltd. AMP was trading at $4.79 as it began its life free of its ailing British businesses. ...|
|The Australian stock market dipped late in the session and ended lower today, after being buoyed by positive economic news and outlook from Treasurer Peter Costello and Reserve Bank of Australia (RBA) governor Ian Macfarlane. Major banking were mixed ...|
|The Australian stock market opened in positive territory today as banks and major resource stock edge higher in response to positive economic outlook. By 1010 AEDT, the benchmark S&P/ASX 200 index was up 11.8 points to 3241.6 while the all ordinaries ...|
|The Australian share market made steady gains throughout the day, boosted by a stronger banking sector as investors brushed off yesterday's hike in official interest rates. The benchmark S&P/ASX 200 index closed 14.5 points higher at 3229.8 while the ...|
|The Australian share market bounded firmly ahead today, propelled by banks and key resources stocks as well as a rally by industrial heavyweight Brambles. The benchmark S&P/ASX 200 index was 27.6 points higher at 3215.3 while the all ordinaries index ...|
|The Australian share market ended firmer today, as resources powered higher and lifted indices despite a choppy overall market. The benchmark S&P/ASX 200 index was 17.6 points higher at 3187.7 while the all ordinaries index gained 16.4 points to 3196.7. ...|
|The Labor Party leadership had undergone a generational change, new leader Mark Latham said today. "Today the leadership fo the Labor Party has moved to a new generation," he told reporters. "A generation that has grown up aspiring to a good education ...|
The executive manager of operations at a $17 billion industry superannuation fund resigned recently, with a replacement yet to be appointed.
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%.
A three-day trial has been scheduled for the landmark case brought against Rest by member Mark McVeigh.
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive.
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