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Superannuation

Fraser takes swipe at CEO salary packs

AAP  |  FRIDAY, 23 JAN 2004
The former governor of the Reserve Bank of Australia, Bernie Fraser, has taken a swipe at executive pay levels.

ASIC begins investigation into NAB options trading

AAP  |  FRIDAY, 23 JAN 2004
The Australian Securities and Investments Commission has started an investigation into rogue trading at the National Australia Bank.

Macquarie Direct Property closes syndicate with sale of assets

AAP  |  THURSDAY, 22 JAN 2004
Macquarie Direct Property Management has closed one of its syndicates through the sale of its assets.

HGL to meet forecast profits

AAP  |  THURSDAY, 22 JAN 2004
Diversified investment group HGL Ltd said profit after tax and minorities between $5 and $5.5 million would likely be achieved this fiscal year.

NAB board monitoring rogue trade probes

AAP  |  THURSDAY, 22 JAN 2004
NAB chairman Charles Allen said the Board is closely monitoring the internal and external investigations into the rogue trading that has cost it $185 million so far.

Leighton joins with James Fielding in infrastructure fund

AAP  |  THURSDAY, 22 JAN 2004
Australian construction company Leighton Holdings has joined forces with property group James Fielding to form an infrastructure fund.

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
NAB shares fell to a seven-week low in early trade today, as brokers continued to question the bank's leadership in relation to the currency scandal.

Diverging expectations between investment professionals: report

AAP  |  WEDNESDAY, 21 JAN 2004
Financial advisers remain markedly more upbeat on predicted returns from Australian equities in 2004 than do their fund manager counterparts, a new report has found.

Moody's assigns A/MR3 rating to Australian Corporate Bond Fund

AAP  |  TUESDAY, 20 JAN 2004
Moody's Investors Service has assigned mutual fund credit and market risk ratings of A/MR3 to the Australian Corporate Bond Fund.

Revalued FX portfolio could reveal $600 million loss: NAB

AAP  |  TUESDAY, 20 JAN 2004
A revaluation of National Australia Bank Ltd's foreign exchange portfolio after a series of rogue trades may reveal losses of up to $600 million.