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Superannuation

Zurich sells Singapore insurance business to QBE

AAP  |  MONDAY, 24 MAY 2004
The Swiss insurance group Zurich Financial Services said on Friday that it had agreed to sell its Singapore subsidiary to Australia's QBE Insurance.

S&P places ING ratings under review

AAP  |  FRIDAY, 21 MAY 2004
Standard & Poor's announced today that its ratings on ING's Australian Equities funds have been placed under review.

Deutsche Asset Management and Tricom join forces

Deutsche Asset Management and Tricom have joined forces for the first timeto expand Australia's margin lending arena beyond equities investing, andinto fund of hedge funds.

Optus announces $226.8 million takeover bid for Uecomm

AAP  |  FRIDAY, 21 MAY 2004
Singapore Telecommunications subsidiary Optus today announced it had made a 40 cents per share offer to acquire all of Uecomm's non-Alinta held shares.

Lend Lease, General Property Trust in trading halt

AAP  |  FRIDAY, 21 MAY 2004
Property groups Lend Lease Corporation and General Property Trust both requested trading halts in their securities last night ahead of an announcement concerning their "future relationship".

Aust banks reap $9 billion from fees

AAP  |  FRIDAY, 21 MAY 2004
Australian families are paying around $400 a year each in bank fees, a new study has shown.

Cardno makes strong debut on ASX

AAP  |  FRIDAY, 21 MAY 2004
Consulting engineer Cardno, the firm behind the Sydney Olympic Stadium's track and field design, yesterday made a strong debut on the Australian Stock Exchange.

Optus planning to buy Commander for $250 mln: report

AAP  |  FRIDAY, 21 MAY 2004
Singapore Telecommunications subsidiary Optus is upping the stakes and planning an assault on Telstra Corp by buying small business telco provider Commander Communications, according to a report in The Australian Financial Review.

AMP says positive Q1 cashflows continue into Q2

AAP  |  THURSDAY, 20 MAY 2004
Australian financial services company AMP said today that the positive cashflows it recorded in the first quarter of the year had continued into the second quarter.

Westfield Trust and Westfield America provide Q1 overview

AAP  |  THURSDAY, 20 MAY 2004
Westfield Trust today said it expected four current projects - including the $700 million Bondi shopping centre - to be completed in Australia and New Zealand by the end of calendar year 2004.