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General

Moody's rates HSBC Bank Australia

WITH AAP  |  TUESDAY, 12 AUG 2003
Moody's Investors Services has assigned ratings to HSBC Bank Australia Ltd with long-term deposits and senior rated A1...

Investa closes in on 50% interest in POF

Investa Property Group is closing in on obtaining a 50 per cent stake in takeover target Principal Office Fund...

John Stewart joins NAB board of directors

National Australia Bank (NAB) today announced that John Stewart has been appointed as managing director...

Former Queensland director pleads guilty to 13 ASIC charges

Mr Trevor Gregory Smith, of the Gold Coast, today pleaded guilty in the Southport District Court to 13 charges brought by the Australian Securities and Investments Commission...

Morgan to become new head of Business Council

WITH AAP  |  TUESDAY, 12 AUG 2003
Former WMC Ltd chief executive Hugh Morgan has reportedly been asked to become the next president of the Business Council of Australia...

NM Rothschild reports 8% fall in operating profits

Privately-held UK investment bank NM Rothschild reported an 8 percent fall in operating profits in the year ending March 2003...

ACCC to endorse high standard voluntary industry codes of conduct

The Australian Competition and Consumer Commission (ACCC) plans to introduce a system of endorsement for high quality voluntary industry codes of conduct...

Morning market wrap: US shares up on low volumes

Major US share market indexes crept higher overnight, including the Nasdaq which finally snapped a run of six straight declines

Afternoon market wrap: Australian shares end lower

The Australian share market sold off in the afternoon session, with the All Ordinaries ending the day down 1.8 points at 3,134.7.

Westfield Trust increases forecast distributions for 2003-04

Shopping centre owner Westfield Trust bolstered its distribution forecasts for 2003 and 2004 after a $1.9 million acquisition and bumper retail sales in the first half...