ASIC to ASX: please improve
The investment regulator overseeing the Australian Securities Exchange has called for improvements, even as it signed off on the ASX's regulation during the turbulent first months of 2008.
Tricom takeover, without nasty bits
THE new Danish owners of Tricom Equities have been ring-fenced from any liabilities thrown up by the troubled stockbroking firm's disastrous foray into margin lending that pushed the privately run company to the brink of failure.
Changes in shareholdings
Perpetual Ltd ceased to be a substantial holder in Platinum Australia Ltd on July 4.
07/08/08
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Kill the competition: Britain shrinks...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
Tricom's knight hits hurdle
Tricom's deal with Danish bank Saxo has hit a snag, with the entire dealing desk from Tricom's lucrative Hong Kong office walking out last week.
05/21/08
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White knight for Tricom
Danish investment bank Saxo Bank will pay about $20 million for a 35% stake in beleagured Sydney stockbroker Tricom.
05/05/08
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Stocks higher despite US fall
Australian stocks opened higher today, defying a fall on Wall Street fell on Friday.
Shares down, B&B slumps
Shares fall, with Babcock & Brown in a tailspin, losing as much as 15% of its share price.
Investors drive up stocks as cheaper oil restores faith
INVESTORS yesterday regained some faith in financial stocks and in companies that are heavy users of oil, helping the sharemarket to a welcome rise from an almost two-year low on Tuesday.
IT sector shines lone light as shares reverse
The sharemarket closed down more than 1 per cent yesterday on weaker resource stocks and industrials, the only bright spot being the information technology sector.
Babcock in Tricom recapitalisation
Investment bank Babcock & Brown says it has joined ANZ Banking Group in the recapitalisation of troubled stockbroking firm Tricom Equities.
04/08/08
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Resources pulled down by oil slide
The Australian sharemarket closed weaker yesterday as lower prices for oil and base metals pulled back the global miners BHP Billiton and Rio Tinto.
Tricom gets Danish white knight
Danish investment bank Saxo Bank emerges as a potential rescurer of beleagured Sydney strockbroker Tricom.
05/05/08
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Danish bank to take 35% stake in Tricom
Danish investment bank Saxo Bank A/S plans to acquire a 35 per cent holding in Sydney-based broking house Tricom Holdings Ltd.
05/05/08
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ASX closes lower amid profit taking
The Australian share market closed in negative territory after profit-taking ended six consecutive days of gains.
Banks boost local stocks at noon
The Australian share market was higher at noon, boosted by financials and the prospect of another interest rate cut in the United States later on Tuesday night.
Brisbane Airport Link to be floated
The winning consortium for the Brisbane Airport Link will begin to float the infrastructure project on the Australian stock exchange for $1.2 billion.
Opes collapse could reveal a sordid tale of short-selling super
There's a dirty little secret your superannuation fund manager would like to lock away in the bottom drawer. Unfortunately, the collapse yesterday of Opes Prime Group - a Melbourne stockbroker - will probably bring out the ugly truth.
Australian stocks fall at noon
Australian shares had fallen at noon to their lowest level in 18 months, led by financial stocks, on signs of a deepening in the global credit crisis.
Shares slide to 18 month low
Shares fall to their lowest level in 18 months, led by financial stocks, on signs of a deepening in the global credit crisis.
Aussie shares take off
Australian stocks snap a three-day losing streak, soaring as much as 4% in early trade after US markets gained earlier.
03/11/08
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Challenger shares slide 16pct
Shares in the Packer-family backed investment house Challenger Financial Services Group Ltd fell sharply on Friday.
Shares slide at Packer's Challenger
Shares in the Packer-family backed investment house Challenger Financial Services Group Ltd fell sharply today.
Commodity firms gain
Small rise for Australian shares rise, after a recovery in oil and metal prices buoys commodity firms.