If you go and ask the “average” Australian on a Melbourne or Sydney street who owns the banks and large public companies in Australia, most will answer “Australians through superannuation and mutual funds”. This belief gives Australians a sense of pride in “Australian private enterprise”, and may even assist Australians grudgingly accept high bank charges and interest rates; “after all we own the banks”. However if one examines the annual reports of most of the large Australian public companies, names like HSBC, JP Morgan, Citibank, and BNP are very prominent in the tops 20 shareholders lists. There has been a major shift in the Australian corporate ownership-scape over the last decade. And a silent one at that.
Tag: investment
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[anyplayer:url=http://rt.com/files/usa/news/infrastructure-chinese-us-china-621/i105bdb5a8df51254f66313d65e7c079a_02.17.12-5pm—galindo-pkg.flv] President Obama has stressed the need for investing in America’s crumbling infrastructure, but with federal transportation money becoming scarce, the U.S. is asking China for help. Chinese investments are already helping improve American bridges…
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