Business PM - How Macbank mugs MIG

Thursday January 21, 2010
Afternoon Edition 
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How Macbank mugs MIG Michael Pascoe 6:33AM | The pending vote to split Macquarie Infrastructure Group reveals the bad, the ugly and amusing way Macquarie Group handles its funds.

AXA ups takeover stakes with strong profit 12:03PM | The life insurer and fund manager expects its 2009 profit to exceed analyst forecasts on a strong second half.

Fortescue iron-ore output shrinks 5% 3:04PM | Fortescue shipped 9.08m tonnes of iron ore in the fourth quarter, down from 9.526m in the September quarter.

Business News Wire 3:10PM Fortescue iron ore shipment down in Q4 2:41PM No big insurance premium rises: analyst 2:16PM Tas shipping company in receivership 2:09PM NZ consumer confidence hits 3-year high 1:44PM World Bank sees signs of bubble in China
Comment & Analysis
Predicted traffic numbers for Sydney's tunnels have taken a toll on public credibility.
Ian Verrender
It was evident something was afoot among Royal Bank of Scotland's fixed income and currency team yesterday morning as 11 desks sat empty, without a word from the missing staff.
Mark Hawthorne

Suggestions that government industry assistance during the financial crisis should be continued are deluded.!
Peter Martin
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Markets
Around the Markets at 4:23PM EST, 21 Jan 2010
Dow Jones 10603.15 – 122.28 – 1.14%
Nasdaq 2291.25 – 29.15 – 1.26%
Hang Seng 21163.26 – 122.91 – 0.58%
NZX 3225.289 – 1.96 – 0.06%
CAC 3928.95 + 0.00 + 0.00%
Quotes & Charts
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Toll roads were once all the rage. Not so anymore. Ian Verrender reports.

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