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General

ASIC details licensing exemptions for foreign service providers

ASIC today released guidelines setting out its approach to exempting foreign providers of wholesale financial products from Australian financial licensing requirements...

S&P maintains BankWest credit rating

Standard & Poor's said today that it affirmed it’s A long-term counterparty credit rating on the Bank of Western Australia Ltd and removed it from CreditWatch with positive implications...

Australia's current unemployment rate compares favourably with OECD average

Australia’s current unemployment rate, announced at a 13-year low 5.8 per cent yesterday by the Australian Bureau of Statistics (ABS)...

S&P issues new Australian fund ratings

Research group Standard & Poor’s has released ratings of a further 11 funds, managing Australian and global equities and Australian listed property.

Westpac withdraws from Bank of New Zealand sales process

Westpac Bank has today announced that it will not be proceeding with the National Bank of New Zealand sales process...

Morning market wrap: US stocks close higher

US stocks crept higher overnight, shrugging off news of a further rise in initial claims for unemployment benefits last week

New identity for AMP Henderson Global Investors

AMP Henderson Global Investors (HGI), the troubled insurer’s funds management division, today announced it will be renamed AMP Capital Investors.

New ASFA paper to help reduce super fraud risk

With over $500 billion in assets, superannuation funds could pose an attractive target for would-be perpetrators of fraud...

Afternoon market wrap: All Ordinaries dip lower

The All Ordinaries dipped slightly in the day’s trading whilst Japan’s Nikkei index rose almost 1.75 per cent or 187.80 to 10734.13...

TXU to float Australian business to pay $3 billion debt

Texan energy giant TXU Inc is looking to float part of its Australian business in early 2004, to pay down nearly $3 billion in debt and fund growth...