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General

ASIC releases results of accounting surveillance

The Australian Securities and Investments Commission (ASIC) has released the second stage results of its accounting surveillance project that it begun in July 2002...

Super funds call for improved WH&S disclosure management

The Public Sector Superannuation and Commonwealth Superannuation Scheme (PSS/CSS) and Catholic Superannuation Fund (CSF) have called on companies to significantly improve public reporting of workplace health and safety (WH&S) risk management...

Principal "reviewing" Westpac indemnity over BT compliance breach

Principal Financial Group said today that it was “reviewing” whether Westpac would be protected by an indemnity agreement signed with the Iowa-based group in relation to a compliance breach by BT Funds Management in New Zealand...

UBS sells CSC to Fidelity for $500 million

UBS today announced that it had signed an agreement to sell Correspondent Services Corporation (CSC), a division of UBS PaineWebber, to Fidelity Investments for a reported $500 million...

Superannuation assets increase $12.2 billion in September quarter 2002

The Australian Prudential Regulation Authority (APRA) today said that superannuation assets have increased by 2.4% for the quarter from September 2002 to December 2002

Midday market wrap: Air New Zealand loses 3.5% after ACCC verdict

The All Ordinaries continued to slide lower, dragged down by heavyweight News Corporation after it sealed a $6 billion pay TV deal in the US. The stock was a hefty $0.84 lower...

Midday market wrap: All Ordinaries edges lower

The All Ordinaries was trading 0.43 per cent lower at lunchtime as Qantas shares dropped 4% to $3.08...

ANZ in talks with Thai Military Bank

ANZ today announced that it had been approached by Thai Military Bank (TMB) in relation to TMB's recnt capital raising program. Although discussions are at an early stage...

Citibank agrees to improve advertising disclosures: ASIC

The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking from Citibank in relation to allegations that the bank had conducted misleading advertising...

Qantas to cut 1,000 jobs by June 30

Qantas Airways today announced that it would reduce its staff by 1,000 employees between now and June 30 as it reacts to lower passenger numbers due to the war in Iraq...