Challenger operates three core investment businesses - a fiduciary Funds Management division, an APRA regulated Life division and an APRA regulated authorised deposit-taking institution. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce the appointment of four senior independent Non-executive Directors to significantly enhance the capability and independence of the Company's Board.
Wall Street closed modestly higher on Tuesday after positive US economic data. Meanwhile, the Federal Reserve chief Ben Bernanke also said the "recession is very likely over at this point". US retail sales were surprisingly strong in August largely due to government's "cash for clunkers" program, but analysts warned that it may not represent a sustainable recovery in consumer spending.
Wall Street was higher on Friday as a government report showed that the pace of job losses slowed in August. But the US stocks were still in negative territory for the week with the worst performance since early July.
Wall Street posted a fourth day on Friday rise as the US existing home sales data gave investors more confidence that it is the end of the recession. For the week The Dow Jones Industrial Average gained almost 2 per cent, while the Standard & Poor's 500 index added 2.2%.
US stocks plunged significantly overnight despite a better-than-expected US manufacturing survey data. Falls in Asia and Europe markets put heavy pressure on the US stocks. Shanghai stocks dropped 5.8% Monday.
Last Friday Australian shares ended higher, capping a winning week after reports that the US government was working on a program to help troubled US home owners. The benchmark S&P/ASX200 rose 44.8 points, or 1.27 per cent, at 3,559.1, while the broader All Ordinaries gained 38.2 points, or 1.1 per cent to 3,496.7. The Obama administration's seeking to lower expectations of a quick fix to the financial crisis and the coming earnings reports may send the market to a negative territory.
Yesterday the Australian market closed slightly lower. The benchmark S&P/ASX200 index was down 0.6%, or 19.9 points, at 3488.7, while the broader All Ordinaries index dropped 0.5%, or 17.2 points, to 3428.6.
The Australian share market closed firmly in the black on last Friday, driven by a resurgent resources sector after the commodities index posted its biggest weekly gain in 33 years. US stocks rose on Friday as financial stocks gained and a plunge in oil prices soothed worries about inflation and consumer spending.
SimCorp announced today that Challenger Financial Services Group Limited - an Australian domiciled publicly listed financial services company with a total of AUD 19.5 billion in funds under management as at September 30, 2007 - is to upgrade its use of SimCorp Dimension by licensing Order Management3 to manage its front-office operations.
Challenger Financial Services Group Limited ASX: CGF - 2007 Full Year Results - Mr Michael Tilley, MD And CEO
Challenger Financial Services Group Limited (ASX: CGF) - 2007 Full Year Results - Mr Michael Tilley, MD and CEO; Challenger Financial Services Group Limited (ASX: CGF) present the following audio webcast regarding "2007 Full Year Results". You may also download this audio webcast to your computer or portable audio player.
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