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General

Business lending may not match home loan slump: KPMG

AAP  |  THURSDAY, 13 NOV 2003
Banks could struggle to make up for a slowdown in mortgage growth by increasing loans to businesses, according to financial services group KPMG.

Morning Market Wrap: Dollar stronger after hitting new six-year high

The Australian dollar opened stronger today after hitting another new six-year high of $U0.7190 in New York overnight.

Commonwealth Bank issues $200 million MTN for Dutch bank

The Commonwealth Bank has announced that a $200 million domestic Medium Term Note (MTN) had been issued for Bank NederlandsE Gemeenten NV (BNG).

Midday Market Wrap: Stocks firmer to noon

The Australian share market shook off a shaky start and was firmer to noon thanks to a recovery in the banking sector.

Hedge funds underperform equity markets: Hennessee

Hedge funds continued to underperform broader US equity market indexes in October, according to hedge fund consultant Hennessee Group.

Labor critical of Challenger CEO's $21.2 million loan

The Deputy Opposition Leader in the Senate, Senator Stephen Conroy, has made a biting criticism of Challenger Financial Services Group's chief executive officer Chris Cuffe's request for a $21.2 million loan from the company.

Morning Market Wrap: Market opens low

In Sydney today, Westpac/Melbourne Institute will release its November consumer confidence survey while the Australian Bureau of Statistics' September quarter wage cost index and lending finance data are due.

Midday Market Wrap: Dollar maintains overnight gains

The Australian dollar was stronger at noon and maintained overnight gains in line with strong fundamentals.

Government says tax reforms will assist public private partnerships

AAP  |  TUESDAY, 11 NOV 2003
Federal tax reforms targeting joint ventures between governments and private investors should ensure benefits go to the parties who bore the economic risk of a project, a business conference was told yesterday.

St.George Bank's new benchmarks oversubscribed

St. George Bank has announced that its $400 million offering of fixed and floating rate transferable deposits issue has been oversubscribed and has been increased to $500 million to satisfy strong investor demand.