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Superannuation

News Corp will win bid to move to US, analysts

AAP  |  MONDAY, 13 SEP 2004
Rupert Murdoch is expected to win shareholder support to shift News Corp\'s corporate headquarters to the United States - but not without a tussle with funds, market observers said on Friday.

China life might start investing abroad: report

China Life, the country\'s largest life insurer, may start investing in overseas financial markets before the end of the year, state media reported Sunday.

ASIC draws the line on super fee

The action taken this week by the Australian Securities and Investments Commission (ASIC) against Mellon Nominees for misleading statements on super fund fees is a sign of things to come, industry analysts said today.

Babcock & Brown to sell shares at $5 ahead of ASX listing

AAP  |  FRIDAY, 10 SEP 2004
Global investment banker Babcock & Brown will sell 110 million shares for $5 each in an initial public offer ahead of a listing on the Australian Stock Exchange.

Macquarie Bank and Novera plan for energy JV

AAP  |  FRIDAY, 10 SEP 2004
Macquarie Bank has made a move into the competitive renewable energy market via a partnership with Sydney company Novera Energy.

Qantas now more likely to be included in MSCI Aust index

AAP  |  THURSDAY, 9 SEP 2004
Qantas Airways had a greater chance of being included on an important stock index for international investors now that British Airways had sold its stake in the Australian airline, analysts said today.

ASIC acts against Mellon for misleading statements on super fees

The Australian Securities and Investments Commission (ASIC) has on Wednesday taken action against Mellon Nominees for misleading statements made to investors relating to the fees charged on its superannuation fund.

ANZ to merge capital markets and FX businesses

AAP  |  WEDNESDAY, 8 SEP 2004
ANZ Banking Group said on Tuesday it was bringing its capital markets and foreign exchange businesses together to improve efficiency.

Tasmanian lawyers banned from acting as super trustees; APRA

The Australian Prudential Regulation Authority (APRA) on Monday announced the disqualification of John Thomas Turner and Grant Edward Kench from acting as trustees, investment managers or custodians of superannuation entities under the Superannuation ...

Suncorp prices $700 million Apollo series 2004-2 RMBS issue

AAP  |  TUESDAY, 7 SEP 2004
A $700 million Apollo Series 2004-2 Residential Mortgage Backed Securities (RMBS) issue for Suncorp-Metway has priced in the Australian bond market.