Latest Insights

Super savings savaged

AUSTRALIA's major super funds have suffered their biggest monthly fall in value since the arrival of compulsory superannuation 16 years ago, dragged down by a battered sharemarket left weakened by the global credit crisis.
11yr ago

Super savings savaged

AUSTRALIA's major superannuation funds have suffered their biggest monthly fall in value since the arrival of compulsory super 16 years ago, dragged down by battered local and international sharemarkets.
11yr ago

Super savings savaged

AUSTRALIA's major super funds have suffered their biggest monthly fall in value since the arrival of compulsory superannuation 16 years ago, dragged down by battered local and international sharemarkets.
11yr ago

That was my life: Munro retires

THE NINE network has lost another of its stars, with bovver boy current affairs reporter and This is your Life host Mike Munro announcing his retirement.
11yr ago

Mirvac chief quits after downgrade

LESS than a week after unveiling a huge profit downgrade, Mirvac chief executive Greg Paramor announced his retirement from the property group.
11yr ago

Injured camper gets $6m damages

A TRAGIC accident that left a Melbourne man with severe brain injuries has led to one of the largest payouts ever handed down in the Victorian County Court.
11yr ago

Cash won't move AFIC on dividend

IT MIGHT be winter in investment terms, and Australian Foundation Investment Co is notoriously conservative in its attitudes - but its decision to maintain dividend at last year's levels looks a little niggardly in light of its performance.
11yr ago

Why ANZ is faraway a better investment

There were no individual surprises in what the ANZ chief executive, Mike Smith, disclosed yesterday: the bank's expected collective "rainy day" provision was raised by another $375 million, leaving it as the most conservatively provisioned big Australian bank on this general measure, at just over 1 per cent of risk-weighted assets.
11yr ago

ANZ stock savaged after $1.2b hit

ANZ BANK'S annual profit is set fall by as much as $800 million to $3.1 billion after the company warned its second-half results would be hit by increased bad debts and soured loans.
11yr ago

Eat, drink, make merry as the shares slide

A FEW guests at Friday's Million Dollar Lunch function at Crown's Palladium Ballroom quipped that not much work would be happening in Melbourne's boardrooms during the day, given the number of business heavyweights gathered at the event.
11yr ago

Harbinger bullish on metals' future

PHILIP Falcone, who heads the $US23 billion ($A24 billion) US hedge fund Harbinger Capital Partners, has declared he remains bullish on commodities.
11yr ago

Another black day for banks

AUSTRALIA's biggest banks continue to suffer in the global economic gloom, as ANZ revealed the extent of earnings losses it expects this year after lending debacles like Bill Express, Centro and Opes Prime.
11yr ago

Dollar slumps after debt notice

THE Australian dollar slumped yesterday as fresh details emerged of local banks' exposure to the credit crisis, fanning fears of financial slowdown.
11yr ago

Harbinger still among the bulls

PHILIP FALCONE, who heads the $US23 billion ($24 billion) US hedge fund Harbinger Capital Partners - a major investor in Fortescue Metals, Murchison Metals, Midwest, Moly Mines and Poseidon Nickel - said he remains bullish on commodities.
11yr ago

ACCC may shackle grocery chains

A CRIMPING of the ability of Woolworths and Coles to roll out new stores in areas where they have a strong presence is the biggest threat they face from the Australian Competition and Consumer Commission's grocery price inquiry, according to a retail analyst.
11yr ago

Lofty ambition royally thwarted

MIKE SMITH'S first year in charge of ANZ Bank is turning into what a slightly more regal English figure once termed an "annus horribilis".
11yr ago

Tribunal lifts ban on Charles Abbott

A FORMER deputy chairman of HIH Insurance best known for receiving $181,000 from the insurer on the eve of its collapse has succeeded in overturning a ban preventing him acting as a director or senior executive of an insurance company. Charles Abbott was banned by the Australian Prudential Regulation Authority in February 2005 and has not worked since the collapse.
11yr ago

No getting off banking's roller-coaster

As the market continues to reverberate from the shock wave of National Australia Bank's exposure to the most toxic part of the US subprime housing loan crisis, there is one unfortunate side-effect of its announcement that investors will now have to live with.
11yr ago

Credit slowdown squeezes earnings

A GLOOMY picture of falling banking sector earnings is emerging in the wake of National Australia Bank's shock move to set aside $830 million to cover investments linked to the US subprime housing loan crisis.
11yr ago

'Ingenious set-up' let Lowys deny tax haven

THE chairman of the US Senate committee investigating tax-haven banks took a direct swipe at Westfield Group's executive chairman Frank Lowy before his son Peter Lowy appeared at a committee hearing in Washington on Friday night.
11yr ago

VICE REGAL

On Saturday, at Sydney Opera House, Their Excellencies the Governor- General Major General Michael Jeffery AC CVO MC and Mrs Marlena Jeffery, as guests of the Ambassador of the State of Israel to Australia, His Excellency Mr Yuval Rotem and Mrs Miri Rotem, attended a performance by the Israel Philharmonic Orchestra.
11yr ago

Lowys accused of stonewalling

THE chairman of the US Senate committee investigating tax haven banks took a direct swipe at Westfield Group's executive chairman, Frank Lowy, before his son Peter Lowy appeared at a committee hearing in Washington on Friday night.
11yr ago

Global investors lining up for Centro's assets

INTERNATIONAL investors are close to finalising a deal to buy the $1.16 billion Australian portfolio of Centro Properties, which includes the Bankstown and Roselands shopping centres.
11yr ago

US fund to buy local Centro assets

INTERNATIONAL investors are close to finalising a deal to buy the $1.157 billion Australian portfolio of Centro Properties, which include the Bankstown and Roseland shopping centres in Sydney.
11yr ago

Banks may follow NAB's defences

NATIONAL Australia Bank's move to shore up money to protect against losses of up to 90% of its exposure to the US housing market could spur competitors to cut into their earnings to beef up their defences.
11yr ago

CMC Markets Weekly Report

The Australian Stock Market was headed for good gains last week until Friday, when the NAB announced an $830 million provision for their portfolio of CDO's. This saw the ASX/S&P 200 sold off heavily on Friday along with the major financial stocks. However the ASX/S&P 200 managed a gain on the week of 2.6% or 130 points.

11yr ago

Lay off pension nest egg

Keeping your benefits in a capital guaranteed option will guard against losses, writes George Cochrane.
11yr ago

Wonder dog Riley banned for simply being too good

CLARE O'CALLAGHAN went to the pound looking for a pet. But she was taken not by the four-month-old kelpie pup's sweet face, but by his ability to jump 1.5 metres in the air from a standing start.
11yr ago

REIV blames miscommunication for underquote

LACK of communication has been blamed for the Real Estate Institute of Victoria being embroiled in a curious underquoting deal, related to a residential development site it sold in Camberwell this week.
11yr ago

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