Market wrap - middayBY AAP | FRIDAY, 13 JUL 2007 12:37PMThe Australian stock market had surged into record territory at noon, with Rio Tinto's $44 billion takeover bid for Canadian aluminum producer Alcan underpinning solid gains in the resources sector. At 1200 AEST the benchmark S&P/ASX200 was 44.5 points higher at 6407.9, while the all ordinaries had gained 41.7 points to 6441.8. |
Editor's Choice
Aware Super reshapes governance team, appoints chief risk officer
|Aware Super has announced a leadership reshuffle, appointing a new chief risk officer amid the departure of its long-serving group executive of legal.
IFM lifts stake in Atlas Arteria to 40% after upping offer price
|IFM Investors has raised its stake in Atlas Arteria from 34.5% to 38.3% in an on-market stock purchase, just a day after it raised its offer price for the toll road operator to $5.10 per security.
Zenith bolsters research, investment capabilities with new hires
|Zenith has announced two senior appointments to strengthen its research and portfolio management divisions.
Regulators push for stronger stress-testing capability, resilience
|The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.
Products
Featured Profile

Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.






