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General

NAB Wealth Management companies to pay $67 million in investor compensation

Three National Australia Bank (NAB) wealth management companies have finalised agreements with the Australian Securities and Investments Commission (ASIC)...

Adelaide Bank to launch $600 million domestic securitisation program

WITH AAP  |  WEDNESDAY, 3 SEP 2003
Adelaide Bank Ltd said today it is launching a $600 million domestic securitisation program to assist in funding its continuing strong asset growth...

Mid-afternoon market wrap: Nikkei eases back as US stocks rise

Japan's Nikkei average eased back from its early rise to 14-month highs, decreasing by 0.35 per cent to 10652.39, by 1254 AEST...

ASIC investigation leads to Tasmanian director ban

The Supreme Court of Queensland has banned Garry Raymond Howes, a former Tasmanian solicitor and director of the failed company Gold Ribbon (Accountants) Pty Ltd...

Colonial POF launches five-year $150 million MTN issue

Colonial Property Office Fund today announced it had launched a five-year $150 million Medium Term Note (MTN) issue...

ASIC issues draft SRI guidelines

The Australian Securities and Investment Commission (ASIC) has today released draft guidelines for the inclusion of information relating to labour standards and environmental...

NAB satisfied with strategic holding in AMP

WITH AAP  |  TUESDAY, 2 SEP 2003
National Australia Bank chief executive Frank Cicutto said today that the bank was comfortable with its strategic holding in AMP Ltd...

GDP rises 0.1% from March to June quarter: ABS

The Australian Gross Domestic Product (GDP) recorded a 0.1 per cent increase from the March quarter to the June quarter this year, and a 2% increase for the year to June...

AMP reveals new wrap products for three dealer groups

AMP has announced that new wrap products – the first from the ASGARD eWRAP platform – are now available in its three aligned dealer groups...

Southcorp posts $922 million net loss

Australia's biggest wine group Southcorp Ltd today warned it expects revenues and volumes to be flat this year after reporting a net loss of $922.891 million for 2002-03...