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General

ASIC clears Australian investment banking analysts of serious misconduct

While analysts at Australian investment banks were unlikely to have been embroiled in the same conflicts of interest that have bedevilled US securities firms, ASIC said today there are a number of compliance issues that still require further improvement.

ASIC puts super sponsors under the spotlight

ASIC is about to get tough on the disclosure of unfunded corporate superannuation liabilities, today announcing a supplementary component to its annual financial report surveillance programme...

Dotnet director sentenced to 12 months jail

Dotnet director, Andrew Geoffrey Thomson has been sentenced to 12 months imprisonment on each of three charges of making false and misleading statements in a prospectus...

IAG Asset Management appoints new chief investment officer

IAG Asset Management Limited has appointed John Stratton to the position of chief investment officer, replacing David Dixon...

Morning market wrap: US stocks, bonds edge lower

US stocks eased overnight, as markets continued to digest the implications of a disappointing earnings result from Hewlett-Packard Co.

ASIC defends its actions

The Australian Securities and Investments Commission (ASIC) has today denied allegation made in BRW saying that it has a project to target high-profile individuals...

Afternoon market wrap: Banks push share market higher

The Australian share market crept higher in afternoon trade, the All Ordinaries index eventually closing 2.2 points higher at 3,169.9.

IAG announces $153million profit for the year

The Insurance Australia Group (IAG) announced today a net profit of $153 million after tax for the year ended 30 June 2003...

Colonial First State receives financial services licence

Large Australian fund managers have begun to receive their new Australian Financial Services Licences (AFSL), with Colonial First State Investments Limited among the first recipients...

Morningstar awards five stars to AXA Bernstein's value-style investment

Morningstar has awarded five stars to AXA’s Sanford and Bernstein value-style international equities investment management process, citing clear articulation, extensive pre-investment debate...