Rene Rivkin
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Rene Rivkin
Rene Walter Rivkin (6 June 1944 – 1 May 2005) was a Chinese-born Australian entrepreneur, investor, investment adviser, and stockbroker. He was convicted of insider trading in 2003 and sentenced to nine months of periodic detention. Early life Rene Walter Rivkin was born 6 June 1944 in Shanghai in what was then Japanese-occupied China, to Russian-Jewish parents. His father, Walter, was a Georgian-born trader who had fled to China in the 1920s to escape the Bolsheviks. The elder Rivkin had also once been a champion boxer in Shanghai. The family emigrated to Australia in 1951. Rivkin attended the selective Sydney Boys High School in Moore Park. In accordance with his father's wishes, he studied law at the University of Sydney. He went on to become the youngest-ever member of the Sydney Stock Exchange. Career Rivkin was a well-known stockbroker and entrepreneur, whose career spanned over 30 years. In December 1985, he was voted ''Business Review Weekly'' magazine's Stockbrok ...
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Shanghai, China
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product ( nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for f ...
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Sydney Boys High School
Sydney Boys High School (”SBHS”), otherwise known as The Sydney High School (“SHS”) or High, is a Education in Australia#Government schools, government-funded Single-sex school, single-sex Selective school (New South Wales), academically selective secondary school, secondary day school for Single-sex education, boys, located at Moore Park, New South Wales, a suburb within the City of Sydney council, in Sydney, New South Wales, Australia. Established in 1883 and operated by the Department of Education (New South Wales), New South Wales Department of Education, as a school within the Port Jackson Education Area of the Sydney Region, the school has approximately 1,200 students from Year Seven, Year 7 to Year Twelve, Year 12 — a number greater than most, if not all, other List of selective high schools in New South Wales, selective state schools — and is situated adjacent to its "sister school", Sydney Girls' High School. The school is a member of the Athletic Association o ...
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Meningioma
Meningioma, also known as meningeal tumor, is typically a slow-growing tumor that forms from the meninges, the membranous layers surrounding the brain and spinal cord. Symptoms depend on the location and occur as a result of the tumor pressing on nearby tissue. Many cases never produce symptoms. Occasionally seizures, dementia, trouble talking, vision problems, one sided weakness, or loss of bladder control may occur. Risk factors include exposure to ionizing radiation such as during radiation therapy, a family history of the condition, and neurofibromatosis type 2. As of 2014 they do not appear to be related to cell phone use. They appear to be able to form from a number of different types of cells including arachnoid cells. Diagnosis is typically by medical imaging. If there are no symptoms, periodic observation may be all that is required. Most cases that result in symptoms can be cured by surgery. Following complete removal fewer than 20% recur. If surgery is not possibl ...
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Impulse Airlines
Impulse Airlines was an independent airline in Australia which operated regional and low-cost trunk services between 1992 and 2004. It was acquired by Qantas in 2001 to formed the basis of Qantas' new regional airline QantasLink. The airline had its head offices on the grounds of Sydney Airport in Mascot."World Airline Directory." ''Flight International''. 4–10 April 200085 "Eleventh Street, Sydney Kingsford Smith Airport, Mascot, New South Wales. 2020, Australia" History Establishment Impulse Airlines was established in 1992 and started operations on 18 December 1992. It commenced regional airline services in March 1994 following the acquisition by the Impulse Transportation Group of Port Macquarie based Oxley Airlines established in 1974. Impulse Airlines was based in Newcastle. The Airline's Managing Director was Gerry McGowan until the McGowan family sold the airline to Qantas in 2001. The airline operated a network of regional routes throughout New South Wales. The n ...
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Qantas
Qantas Airways Limited ( ) is the flag carrier of Australia and the country's largest airline by fleet size, international flights, and international destinations. It is the world's third-oldest airline still in operation, having been founded in November 1920; it began international passenger flights in May 1935. ''Qantas'' is an acronym of the airline's original name, Queensland and Northern Territory Aerial Services, as it originally served Queensland and the Northern Territory, and is popularly nicknamed "The Flying Kangaroo". Qantas is a founding member of the Oneworld airline alliance. The airline is based in the Sydney suburb of Mascot, adjacent to its main hub at Sydney Airport. , Qantas had a 65 per cent share of the Australian domestic market and carried 14.9 per cent of all passengers travelling into and out of Australia. Various subsidiary airlines operate to regional centres and on some trunk routes within Australia under the QantasLink banner. Qantas also owns Je ...
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Australian Securities And Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the ''Australian Securities and Investments Commission Act 2001''. ASIC, which reports to the Treasurer, is responsible for the administering the following legislation: * ''Australian Securities and Investments Commission Act 2001'' (ASIC Act) * '' Business Names Registration Act 2011'' * ''Corporations Act 2001'' (Corporations Act) * ''Insurance Contracts Act 1984'' * ''National Consumer Credit Protection Act 2009'' (National Credit Act) Additionally, ASIC is also responsible for administering parts of the following legislation: * ''Banking Act 1959'' * ''Li ...
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John Singleton (Australian Entrepreneur)
John Desmond Singleton (born 9 November 1941) is an Australian entrepreneur. He built his success and wealth in the advertising business in Australia in the 1970s and 1980s. He now has diverse investment interests in radio broadcasting, publishing and thoroughbred breeding and racing. In 2019, Singleton sold his 32.2% stake in Macquarie Media for A$80 million, to Nine Entertainment. Early life Singleton was born in the Sydney suburb of Enfield and educated at Fort Street High School. Advertising career He commenced a career in advertising in 1958 as a mail boy in the Sydney office of J. Walter Thompson and after five years took a creative role at Berry Currie Advertising. Five years hence he was the Creative Director at that agency. In 1968 together with his Art Director partner Dunc McAllan, he started his own agency in Sydney and the pair soon teamed-up with Rob Palmer and Mike Strauss who had an existing small Melbourne shop with media buying accreditation to start ...
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Offset Alpine Fire
The Offset Alpine fire was a 1993 fire that destroyed a Sydney printing plant owned by the company Offset Alpine Printing Ltd. Investigations of the incident by the police and by the Australian Securities & Investments Commission spanned over ten years, amid suspicions that the printing plant was burnt down as part of an insurance fraud. It also gained attention because of the high profile of individuals involved. Background In 1992 Stroika, an Australian Securities Exchange listed company called Stroika controlled by Rene Rivkin, bought the Offset Alpine printing firm from Kerry Packer for $15.3 million. On Christmas Eve, 1993, the firm's sole asset, the printing plant, was destroyed by fire. It had been insured at replacement value ($53.2 million), more than three times its purchase price, and the share price skyrocketed. The fire was blamed on a staff barbecue, but suspicions of arson have persisted. Known investors included: * Rene Rivkin, a Sydney stockbroker and entrepreneur ...
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Black Monday (1987)
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time zone difference from other English-speaking countries. All of the twenty-three major world markets experienced a sharp decline in October 1987. When measured in United States dollars, eight markets declined by 20 to 29%, three by 30 to 39% (Malaysia, Mexico and New Zealand), and three by more than 40% (Hong Kong, Australia and Singapore). The least affected was Austria (a fall of 11.4%) while the most affected was Hong Kong with a drop of 45.8%. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression. The degree to which the stock market crashe ...
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BRW (magazine)
''BRW'' (formerly ''Business Review Weekly'') was an Australian business magazine published by the Fairfax Media group. The magazine was headquartered in Melbourne. It regularly compiled lists which rank corporations and individuals according to various criteria, similar to ''Fortune'' magazine in the United States. ''BRW'' provided news and commentary on the economy, business and investment in Australia. The magazine reported on successful business strategies, investments and entrepreneurialism. Cover stories and features concentrated on ways to make money and improve businesses. Each week ''BRW'' focused on a sector or topic relevant to business people or investors. Print edition axed In October 2013, Fairfax announced that the print version of the magazine would be discontinued, with the 28 November 2013 magazine being the last edition.
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Stockbroker
A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage of assets, or hourly rate. The term also refers to financial companies, offering such services. Examples of professional designations held by individuals in this field, which affects the types of investments they are permitted to sell and the services they provide include chartered financial consultants, certified financial planners or chartered financial analysts (in the United States and UK), chartered strategic wealth professionals (in Canada), chartered financial planners (in the UK). The Financial Industry Regulatory Authority provides an online tool designed to help understand professio ...
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Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance am ...
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