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Superannuation

QBE expects Hurricane Charley claims within allowance

AAP  |  MONDAY, 16 AUG 2004
QBE Insurance Group said today it expects its net claims from Hurricane Charley in the US to be well within the substantial allowance for large losses and catastrophies in its insurance liabilities held at 30 June.

NAB said corporate customers hit by APRA conditions

AAP  |  MONDAY, 16 AUG 2004
Regulatory requirements placed on the National Australia Bank (NAB) following the foreign exchange scandal earlier this year had hit the bank\'s corporate customers, NAB chief executive Graham Kraehe said on Sunday.

Report calls for tougher limits on RBA board members

AAP  |  MONDAY, 16 AUG 2004
Central bank board members should be banned from any role with finance companies, including mortgage brokers and investment trusts, the influential parliamentary economics committee has recommended.

ASIC commences proceedings against Sydney firm, broker

AAP  |  FRIDAY, 13 AUG 2004
The corporate watchdog has commenced proceedings against a Sydney-based finance and insurance firm and one of its brokers.

Telstra plans special dividend, share buyback

AAP  |  THURSDAY, 12 AUG 2004
Australia\'s largest telecommunications company, Telstra Corp, has delivered a 20% rise in net profit for 2003/04 and unveiled plans for a special dividend in the first half of the current year.

Senate backs motion on James Hardie boycott

AAP  |  THURSDAY, 12 AUG 2004
The Senate today backed a motion calling for a boycott of James Hardie products until the company\'s asbestos victim compensation liabilities were met.

CBA delivers bumper annual profit

AAP  |  THURSDAY, 12 AUG 2004
Australia\'s second biggest bank, Commonwealth Bank of Australia, on Wednesday delivered a bumper profit and record dividends for 2003/04, and forecast its growth should exceed industry rates out to 2006.

CBA outlook very promising: Murray

AAP  |  WEDNESDAY, 11 AUG 2004
Commonwealth Bank of Australia chief executive David Murray said outlook for Australia\'s second biggest bank was very promising and it expected more than 10% cash earnings per share growth up to the end of 2005/06.

NZX gets into exchange-traded funds

AAP  |  TUESDAY, 10 AUG 2004
New Zealand Exchange today said it was taking over an existing exchange-traded funds (EFTs) and launching a new one.

AXA parent may have to pay more for Aust subsidiary - analyst

AAP  |  TUESDAY, 10 AUG 2004
The takeover offer by French insurer AXA SA for its Australian subsidiary will need to be ratcheted up if it is to be accepted by independent directors and shareholders, one broking house said on Monday.