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General

Moody's may downgrade ART following Westfield takeover offer

Moody's Investors Service is continuing its review – for possible downgrade – of the A1 long-term senior unsecured rating of AMP Shopping Centre Trust (ART)...

Midday market wrap: Tower plunges 32.7% after loss warning

Trans-Tasman financial services group Tower plummeted 32.7% during the morning session as anxious investors dumped the stock after the company flagged a likely half-year loss in excess of NZ$180 million ($161 million)...

Kiwi Income Property Trust to buy Plaza for $22.25 million

Kiwi Income Property Trust has successfully raised NZ$25 million ($22.25 million) through a placement of 23.58 million shares at $0.94 per unit to fund the acquisition...

FPA launches financial literacy workbook for teenagers

The Financial Planning Association (FPA) today launched a financial literacy workbook for Australian teenagers...

Macquarie establishes Canadian infastructure fund

Macquarie Bank has established Canada's first private infrastructure partnership...

Tower issues $161 million half-year loss warning

Trans-Tasman financial services group Tower has announced an expected loss of “in excess” of NZ$180 million ($161 million) when it releases its half-year results on May 28...

Morning market wrap: Terror alert unnerves Wall St

The Dow Jones index recorded its third consecutive day of losses-albeit fractional-as the US government raised its terror alert to ‘orange’...

Investa launches $50 million property syndicate

Investa Property Group has launched the Investa Fifth Commercial Trust, the group’s seventh property syndicate, with equity of $50 million...

Afternoon market wrap: Tower loses over one-third of value

Tower lost over one-third of its sharemarket value in one day after it warned of an expected loss in excess of $161 million in its upcoming half year profits to be released on May 28...

APRA warns super funds and life insurers on "legacy issues"

The Australian Prudential Regulation Authority (APRA) has emphasised the need for financial institutions – particularly life insurers and superannuation funds — to address "legacy issues"...