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General

Centro comes out fighting on ART

Centro Property has launched a stinging riposte to AMP Henderson’s recommendation to the unitholders of the AMP Shopping Centre Trust (ART) that they reject Centro’s bid for their units...

NAB to lose $46 million due to failed NSW bus company

The National Australia Bank (NAB) has admitted that it will take a $46 million loss in its March 2003 quarterly result due to its $132 million exposure...

Afternoon market wrap: All Ordinaries continues to rise

Australian shares continued to rise in the afternoon session following the positive morning trend, finishing the day at 2971.20 points, up 36.50. Air New Zealand was one of the big movers as the apparent easing of the SARS crisis brought investors back ...

BankWest acquires API Finance

Australian Pharmaceutical Industries Limited (API) and BankWest have announced a broad ranging alliance that includes the acquisition by BankWest of finance subsidiary API Finance with its $300 million loan and lease book...

Melbourne lawyer sentenced to jail

The Melbourne County Court today sentenced Hasan Kaygusuz, a solicitor, to 12 months imprisonment, fully suspended upon him paying a fine of $5,000...

ASIC launches upgrade of eLicensing system

The Australian Securities and Investments Commission (ASIC) today released version 3 of the eLicensing system and the Australian Financial Services (AFS) licensing kit...

Qantas to lodge submission on Air New Zealand alliance

Qantas today announced that it would lodge a written submission in response to the draft determination of the Australian Competition and Consumer Commission (ACCC)...

Wall Street titans face $2.25 billion in fines

Ten of the biggest names on Wall Street have been hit with fines totalling US$1.3875 billion (A$2.25 billion) under the finalised terms of a settlement agreed in principle and announced by regulators in December 2002...

ABN Amro records first quarter profit of $1.23 billion

ABN Amro has announced a first quarter net profit of Eur690 million (A$1.78 billion) as its diversified income streams compensated for the continued weak performance of its Asset Management business...

Cogent appoints Gail Burke to head of Australasian operations

Cogent has appointed Gail Burke to head up its Australasian operations, it has announced. Burke is leaving Macquarie Bank after 20 years to take up the new role in May...