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Up or down? Next three months are crucial

ON THE usual definition, this has been the longest period of continuous growth the Australian economy has ever seen. But the next three months should tell us whether it is about to end.
11yr ago

Up or down? Next three months are crucial

ON THE usual definition, this has been the longest period of continuous growth the Australian economy has ever seen. But the next three months should tell us whether it is about to end.
11yr ago

Annus Horribilis

The US subprime crisis has gone from a small cloud on the financial horizon to a raging storm. Ruth Williams reports.
11yr ago

All doom and gloom, so get real

Stockbrokers are naturally optimistic about the future. It is an admirable quality. But it is also an expensive conditioning.
11yr ago

NAB's new chief has the job ahead

THE INCOMING National Australia Bank chief executive, Cameron Clyne, is facing his first major challenge - restoring investor confidence in the group's credit exposures after a second ratings agency yesterday put the bank on negative watch.
11yr ago

Moody's negative on NAB

THE challenge facing incoming National Australia Bank chief executive Cameron Clyne has become even greater after a credit ratings agency revised its outlook for the bank.
11yr ago

Suncorp raids kitty to pay dividend

SUNCORP will dip into its cash reserves to pay a flat final dividend, after warning that its full-year net profit will fall as much as 50 per cent as a result of the economic whirlwind sweeping through equity and credit markets.
11yr ago

AMP freezes NZ fund after investor run

AMP, one of the pillars of the funds management business, has become the latest casualty of the rot in the New Zealand industry, after being forced to suspend redemptions at one of its unlisted investment funds.
11yr ago

Week of the surprise goodbyes

NAB's chief executive designate, Cameron Clyne, has wasted no time setting a new ambitious strategy for the beleaguered bank. "We clearly are operating in challenging economic times. Some of the markets are deteriorating generally," Clyne explained after being announced as John Stewart's replacement this week.
11yr ago

Safe haven turns sour

It's a case of broken trust, as property fund investors counting on a secure rental income from bricks and mortar find their funds were geared up to risky levels and sunk into overseas ventures. Stuart Washington reports.
11yr ago

Storm-tossed NAB hands the rudder to a cautious captain

Cameron Clyne is a man for the times. His job as the next chief executive of National Australia Bank will be to trim the group's sails: risk tolerance will be dialled down and, while Clyne theoretically begins with a clean slate, NAB's chairman, Michael Chaney, effectively confirmed yesterday that acquisitions are off the agenda unless they present totally compelling return-on-investment calculations.
11yr ago

Super co-contributions continue to confuse

FROM July 1, 2007, self-employed people finally have access to the Commonwealth superannuation co-contribution. Many are still confused as to how to qualify for this benefit.
11yr ago

A man of honour puts the bank first

JOHN STEWART is an honourable man. The outgoing National Australia Bank chief executive proved as much yesterday when he put the bank's reputation above his own by agreeing to his departure being made public so soon after its damaging disclosure about its latest bad debt provisions and the $600 million knock-on effect on its profits.
11yr ago

Alumina investors get happy surprise

ALUMINA has lived up to the faith of its shareholders by holding its interim dividend at 12 a share. This is despite its scramble to find $500million to meet its share of capital expenditure cost blow-outs at Alcoa-managed bauxite/alumina growth projects in Brazil.
11yr ago

NAB chief could get $7.5m each year

AHMED FAHOUR, the head of National Australia Bank's domestic operations, became the highest-profile casualty of the race to succeed his boss, John Stewart, as the group appointed its "young turk", Cameron Clyne, to take over the leadership of the country's second biggest bank.
11yr ago

Telstra backs down on pricing

TELSTRA'S dogged reluctance to match its rivals' wireless broadband price cuts is waning, with the telco unveiling plans with more liberal download limits.
11yr ago

Patterson loses most of Telstra account

AUSTRALIA'S best-known advertising agency, George Patterson Y&R, has been dealt a severe blow, losing all but a small chunk of the Telstra account, which until yesterday was its biggest.
11yr ago

In the eye of the storm

With world markets in treacherous waters, the National Australia Bank has chosen Cameron Clyne to steady the ship. Leonie Wood reports.
11yr ago

Grocer plan to put new sites to test

A PLAN to make Australia's major supermarket chains pass a "competition test" before opening a new store and the appointment of a grocery commissioner are among the recommendations believed to have been included in a report handed to the government on grocery prices.
11yr ago

House price meltdown fear

FALLING house prices have prompted fears of a US-style meltdown, but economists say prices will remain stable as long as people keep their jobs.
11yr ago

Money in pocket to go buying

FLUSH with cash before a planned merger with Arc Energy, Australian Worldwide Exploration (AWE) has its sights on more acquisitions, and is not ruling out moving into coal seam gas.
11yr ago

Market mauls tollway debutant

BRISCONNECTIONS suffered one of the most disastrous sharemarket debuts in recent memory after securities in the toll-road group that is backed by Macquarie and Leighton tumbled 60 per cent on their first day of trading yesterday.
11yr ago

VICE REGAL

Yesterday, at Town Hall House, Sydney, the Administrator, Her Excellency Professor Marie Bashir AC CVO, as guest of the Lord Mayor of Sydney, Clover Moore MP, attended a reception and, as Patron, delivered an address in support of Macquarie 2010.
11yr ago

Pokies or pain: a bet each way?

JEFF KENNETT'S justifications for Hawthorn's push for the pokies have a hollow ring. On radio yesterday, it was reported that Hawthorn Football Club's 80 poker machines were expected to generate more than $10 million a year. Of that, about $150,000 will be donated to the local community. How generous of them!
11yr ago

Trade Off

After seven years, talks aimed at creating fairer rules for global trade have collapsed. Tim Colebatch examines the fallout.
11yr ago

Dishonest director crashes to earth

IT TOOK three years for authorities to hunt down Robert Bassili, but the effort was justified when a Sydney court sentenced him to three years and three months in jail.
11yr ago

Vaile's seat under threat

AN INDEPENDENT from the NSW Parliament is a strong prospect to snatch the seat of former Nationals leader Mark Vaile, cutting the party's numbers in the House of Representatives to nine.
11yr ago

Building approvals plummet

RENTS are expected to jump another 10% this year after building approvals fell to their lowest since the end of 2006.
11yr ago

Fairfax puts TV arm up for sale

TELEVISION production company Southern Star insists the recent demise of its controversial reality show Big Brother will not undermine its search for a new owner.
11yr ago

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