Refco futures volumes up, overall profits down

25 Jul 2005

Global brokerage Refco Group announced last week that profits for the first quarter of the year were down as a result, the firm said, of increased transaction costs and ongoing expenditure resulting from the controlling stake in the firm taken by private equity firm Thomas H Lee in...

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“At this point in time, we will not be supporting this [parliamentary] inquiry. But we put it on notice that in a future time, which we envisage will be in the next four weeks or so, we will, unless Wayne Swan does the bleeding obvious and stops this going forward,”

Australian senator Barnaby Joyce on the proposed ASX-SGX merger