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SA court jails Jane Allison Gibson, who robbed soft targets while pretending to be an al-Qaeda terrorist, for at least two years A CCTV image of Jane Allison Gibson during the robbery of the National Australia Bank branch at Findon in October last year. Source: SA Police.
A former National Australia Bank employee and a public servant have pleaded guilty to a $7 million insider trading scheme. Former NAB worker Lukas James Kamay and Australian Bureau of Statistics employee Christopher Russell Hill used confidential market-sensitive information in trades that netted about $7 million in profits.
Almost one in five adult Australians are living pay to pay, according to a survey by the National Australia Bank . The survey found that almost one in five adults in Australia rarely or never have any money left at the end of a pay cycle and that people living in regional areas are more likely to be caught short at the end of a pay period than those living in capital cities.
Wall Street finished little changed overnight as concerns about the upcoming referendum on Scottish independence and weak global inflation dampened market sentiment. The Dow Jones Industrial Average fell 0.12 per cent and the broad-based S&P 500 advanced 0.09 per cent.
Glencore Plc, the miner that's said it's assessing acquisitions in Australia, is selling debt in the country for the first time after the discount for shifting funds out of the local currency climbed to an almost two-year high. The world's largest exporter of power-station coal, which last year completed a $29 billion all-share takeover of Xstrata Ltd., is planning to sell five-year senior unsecured Australian dollar-denominated notes via its local unit, according to a statement from joint sale manager National Australia Bank Ltd. The five-year Australian dollar basis swap, a measure of the benefit borrowers get to move funds into U.S. dollars, climbed as high as 32.8 basis points today, the most since October 2012.
The debit and credit card company Mastercard has lost an appeal against an EU veto at Europe's highest court, the European Court of Justice. Judges at the court wrote in their ruling that: "The Court of Justice confirms the judgement of the General Court and thus validates the Commission's decision prohibiting the multilateral interchange fees applied by MasterCard."
Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17-month lows, outweighed geopolitical concerns in the Middle East. * US air strikes could threaten Islamic reprisals -risk manager * OPEC predicts 1 million bpd supply surplus in 2015 * WTI could drop to $85 a barrel -Ayers Alliance The market was concerned about the impact of the expansion of U.S. military action, with its plans for air strikes in Syria and more attacks in Iraq, on the latter's oil output, said Phin Ziebell, economist at the National Australia Bank in Melbourne.
National Australia Bank , the country's No.4 lender by market value, said contingency plans for its Scottish-based subsidiary included moving to England if Scotland votes to end its 307-year union with the rest of the United Kingdom. The move would address some of the uncertainties and risks surrounding terms of separation for NAB's Clydesdale Bank if Scotland were to become an independent country, NAB said in a statement on Thursday, citing Group CEO Andrew Thorburn.
SYDNEY, September 10 Fitch Ratings has assigned National Australia Bank Limited's Series 23 USD1.25bn mortgage covered bonds a rating of 'AAA' with a Stable Outlook. This brings the total outstanding issuance to AUD17.392bn.
The Australian dollar has hit a five month low as the US dollar continues its surge against most of the major currencies. At 0700 AEST on Wednesday, the local unit was trading at 92.02 US cents, down from 92.69 cents on Tuesday.
The widely-watched National Australia Bank monthly business survey shows confidence eased to 8 points last month from 10 before, while conditions fell from 8 to 4 points. Steep falls in the key areas of trading, profitability and forward orders drove the declines, although non-mining investment intentions rose slightly mirroring a modest improvement in recent official ABS data.
A measure of Australian business conditions pulled back from four-year highs in August as sales and profits eased, while booming conditions in the construction sector contrasted with gloom among miners. National Australia Bank's survey of more than 400 firms showed its index of business conditions halved to +4 in August, so unwinding much of July's 5 points gain.
Updated: Tue Sep 16, 2014 09:21 pm
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