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Showing 10381 - 10390 of 10717 results for "May 1997"

Midday Market Wrap: Dollar maintains overnight gains

The Australian dollar was stronger at noon and maintained overnight gains in line with strong fundamentals. At 1200 AEDT the Australian dollar was trading at $US0.7155/60 compared with yesterday's close of 0.7117/22. It reached a high of $US0.7160 and ...

Afternoon market wrap: Shares, bonds close down

The Australian sharemarket closed weaker today as blue chip stocks continued to absorb last week's news of an official rate hike. The benchmark S&P/ASX 200 index ended down 18.4 points at 3230.1 while the all ordinaries index fell 17.4 points to 3248.1. ...

Navigator launches new "safety" fund for cautious investors

Navigator has announced the addition of a new fund designed to help shelter investors from the downside of turbulent markets. The Safety First Performance Fund is the first time that Navigator has added a capital protected fund to the range of funds ...

Midday market wrap: Shares, bonds both ease on stronger US data

The Australian share market opened in negative territory, following a fall in the United States market on Friday night. At early trade the benchmark S&P/ASX 200 index was 9.3 points weaker at 3239.2 while the all ordinaries index fell 7.6 points to ...

AMP share price opens lower after Cicutto comments

AMP's share price opened a further 15 cents lower this morning at $6.40, following National Australia Bank (NAB) chief Frank Cicutto's comments Friday criticising aspects of the proposed demerger. In a statement to the Australian Stock Exchange, Mr ...

Midday Market Wrap: Dollar driven down by strong US currency

The Australian dollar was weaker at noon, driven down by a stronger US dollar. At 1200 AEDT the Australian dollar was trading at $US0.7065/69 compared with yesterday's close of 0.7121/26. It reached a high of $US0.7074 and a low of $0.7053 in morning ...

Dollar looks set for more solid gains

The Reserve Bank of Australia's (RBA) uncanny record of buying foreign exchange low and selling high is likely to continue into the future as the central bank is expected to sell off more Australian dollars in the medium term. TD Securities chief strategist ...

Corporate governance practices have worsened in past year: survey

Australia's corporate governance practices have come in for further criticism, this time from two academics. And their research has also led to claims a two-tiered society of corporate governance is emerging in Australia. In a survey commissioned by ...

Businesses asked to participate in international tax treaties: Coonan

The Department of the Treasury has sought comments from the Australian business community on the status of Most Favoured Nation (MFN) obligations, on the eve of tax treaty negotiations to be held between Australia and Norway in Canberra next week. Australia ...

Australian equities may under-perform as a result of rising interest rates

The Australian equity market is likely to under-perform other markets over the coming year as a result of the fact that the Australia has been the first major economy to begin a tightening cycle. QIC senior economist Beverley Morris said there is historically ...