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General

CPA Australia launches nationwide business briefings

CPAs across Australia will have opportunity to learn the latest developments arising from HIH, CLERP 9, ASX Corporate Governance Council’s guidelines, and achieving IFRS compliance by 2005, through a series of CPA Australia business briefings...

Tower accepted $1.35 on fears of 'catastrophic' share price fall

Tower chairman Olaf O’Duill has revealed that the fear of a ‘catastrophic’ fall in the company’s share price persuaded its board to accept the security of a fully underwritten offer of $1.35 per share from Guinness Peat Group even though the ...

Administered companies still obliged to report: ASIC

The Australian Securities and Investments Commission (ASIC) has released an interim policy statement outlining the financial reporting and annual general meeting obligations of externally administered companies...

Midday market wrap: Westpac sell-off defies stronger sentiment

Westpac shares defied the broadly positive sentiment during the morning session, falling by $0.35 to $16.42...

GDP grows 2.9% for 2002-2003 and 0.7% in the March quarter: ABS

The Australian Gross Domestic Product (GDP) grew at 2.9 per cent from March 2002 to March 2003...

Midday market wrap: AMP climbs to $5.01

AMP  rose by $0.08 during the morning session to take the stock back above the $5.00 mark...

Interest rates and strength of Australian dollar to rise: NAB

The Reserve Bank of Australia’s (RBA) cash rate is expected to remain unchanged at 4.75 per cent till the March quarter of 2004 and may rise to 5% in June 2004 and onwards to 5.25% in September 2004...

APRA introduces licence fees for new ADIs

The Australian Prudential Regulation Authority (APRA) has introduced licence fees of up to $68,200 for new authorised deposit-taking institutions...

ASIC absolves Platinum over misleading Herald advertisement

The Australian Securities and Investment Commission (ASIC) today said it was satisfied that Platinum Asset Management was not responsible for an advertisement that appeared in The Sydney Morning Herald on May 28...

van Eyk appoints Suzanne Tavill to bolster asset consultancy

van Eyk Research has announced the appointment of analyst Suzanne Tavill to bolster its manager research and asset consulting capabilities...