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S&P revises Fairfax from BBB to stable

S&P has revised its rating on Fairfax from BBB to stable. The rating was revised due to the debt reduction efforts Fairfax has undertaken, its effective integration of New Zealand based Independent Newspapers and the strong performance of these acquired ...

Bravura to acquire CSC wealth management business

Bravura Solutions has signed an agreement to acquire the wealth management business of CSC, provider of industry IT applications to near 70 business in Australia and overseas.

ConnectEast IPO oversubscribed

The Joint Lead Managers have decided to implement a scale-back of retail applications for the $1.12 billion ConnectEast initial public offer (IPO) after it closed oversubscribed on November 4.

In the end it's all about relationships

Today's banking environment is all about relationships according to latest research from East & Partners.

NAB becomes first big bank to post 2004 profit fall

AAP  |  WEDNESDAY, 10 NOV 2004
National Australia Bank today became the first of the Australia's big banks to report a fall in 2004 annual net profit and said the result reflected problems that had been accumulating for years.

Westpac top in social responsibility

Westpac was the only company to earn an AAA rating from independent ratings agency RepuTex's research program to assess Australia's top 100 companies in the areas of corporate governance, workplace practices, social impact, and environmental impact.

Macquarie to buy 70 per cent stake in Brussels Airport

Australian infrastructure group Macquarie will buy a 70 percent stake in Brussels's main international airport for 735 million euros ($946.6 million), the Belgian government said on Monday.

Record result for Westpac

Westpac has reported a record operating profit for the year ended September 30, 2004 of over $2.5 billion representing an increase of 16 per cent on last year's result.

S&P preliminary rating for CNH Capital notes

Standard and Poors (S&P) have given the notes to be issued by Perpetual Trustee as trustee for CNH Capital Australia Receivables Trust No. 3 a preliminary rating.

ANZ joint venture with Cambodian telco

AAP  |  TUESDAY, 2 NOV 2004
Australia and New Zealand Banking Group Ltd today announced it had signed an agreement with Royal Group to establish a joint venture bank in Cambodia.