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Investment

Canadian pension fund bids for Intoll

MICHAEL HOBBS  |  MONDAY, 19 JUL 2010
The Canada Pension Plan Investment Board (CPPIB) moves to buy Sydney-based infrastructure group Intoll.

NAB granted more time on AXA bid

PRESS RELEASES  |  MONDAY, 19 JUL 2010
AXA Asia Pacific Holdings (AXA APH), AXA SA and National Australia Bank (NAB) have agreed to extend the period for NAB to address the competition commission's concerns till the end of August.

Aussies head to Britain for investments

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
Australians are pumping up their direct investments in the UK, making Australia the seventh largest direct investor in the country, new figures show.

Perennial invests in oil equipment stocks

MICHAEL HOBBS  |  MONDAY, 19 JUL 2010
Perennial Investment Partners' international equities division has invested in oil and gas drilling equipment companies ahead of a predicted worldwide oil rig upgrade following the BP disaster.

Finance lends hand to Operation Smile

MEDIA RELEASE  |  FRIDAY, 16 JUL 2010
ANZ, AMP Capital, Barclays Capital, Deutsche Bank, UBS and Westpac were among the local financial services providers that supported the launch of Operation Smile Australia, a charity that helps support children from developing countries who suffer from ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
Goldman Sachs & Co has paid the US regulator more than $620 million (US$550 million), the largest penalty ever levelled against a financial firm, for allegedly misleading investors regarding its sub-prime mortgage product.

Pengana gains 'three stars' rating

PRESS RELEASE  |  FRIDAY, 16 JUL 2010
Standard & Poor's has given the Pengana Australian Equities Core fund a 'three stars' rating.

US Congress passes Wall Street reforms

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2010
US Treasury Secretary Tim Geithner said the Dodd-Frank reforms approved by the US Congress this week will ensure that banks, not taxpayers, will pay for future bank failures, and protect consumers from Wall Street greed.

Aii signs Citi as additional market maker

MICHAEL HOBBS  |  THURSDAY, 15 JUL 2010
Exchange traded fund (ETF) provider Australian Index Investments (Aii) has signed Citi as an additional market marker - a deal that adds more liquidity to the firm's listed products.

Vanguard tops LPT sector review

PRESS RELEASE  |  THURSDAY, 15 JUL 2010
Vanguard Investments Australia's locally listed property fund has beaten 18 other funds to be rated 'highly recommended' by Lonsec as the sector struggles with divergent performance results and high staff turnover.