Market dives on US downgrade, China demands new reserve currencyBY ALISON BEVEGE | MONDAY, 8 AUG 2011 12:30PM
The Australian share market dropped sharply on the open as nervous investors reacted to Standard & Poor's historic weekend downgrade of US sovereign credit.
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Vivek Ahuja, portfolio manager for the Templeton Global Macro team, believes fixed income portfolios with allocations too close to core indices become vulnerable to rising interest rates, especially in ...
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