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Market Wrap - Midday

AAP  |  MONDAY, 11 APR 2011
Australian stocks were firmer at noon, with the energy and gold sectors leading the market higher. However, stocks pulled back from their morning peak as banking stocks dipped into red figures by noon. At 1210 AEST, the benchmark S&P/ASX200 index was ...

Bank reaches for industry fund members

ALISON BEVEGE  |  MONDAY, 11 APR 2011
ME Bank is seeking to increase its customer base of industry fund and union members by marketing a new home loan directly through the work place. The bank is owned by 33 industry superannuation funds including AustralianSuper and HESTA, giving it access ...

Fund managers feast on billion-dollar debt

ALISON BEVEGE  |  MONDAY, 11 APR 2011
... offshore in the year to date. In the past two weeks there have been billion-dollar offerings from Asciano, Telstra and Macquarie Bank, PIMCO said, while Woolworths issued US$850 billion on Tuesday night, split between 10-year and five-year bonds. Rob ...

Investec Australia hires ex-Alba Capital team

RACHEL DAVIS  |  MONDAY, 11 APR 2011
Investec Bank (Australia) has hired a team of specialist infrastructure developers and financiers from Alba Capital Partners. Investec has moved to bolster its specialist expertise in response to market demand and the long term investment opportunities ...

Market Wrap - Morning

AAP  |  MONDAY, 11 APR 2011
The Australian market has received a mostly positive set of leads from weekend offshore trading, with Wall Street closing higher and commodities prices ending firmer. At 0805 AEST on the ASX 24, the June share price index futures contract was 11 points ...

Yikes the ECB hikes

BENJAMIN ONG  |  MONDAY, 11 APR 2011
The European Central Bank had lift off! There was hardly a ripple in financial markets when the central bank of the region with a single currency went ahead and raised interest rates last week. Darn straight Virginia, the ECB has just handed down its ...

Nine to propel YBR into retail sector

MATT WOODINGTON  |  FRIDAY, 8 APR 2011
... of term deposits. "Yellow Brick Road has entered into this strategic deal with Nine with the aim to catapult it as the non-bank leader in the financial services sector," said Bouris.

Market Wrap

AAP  |  FRIDAY, 8 APR 2011
... Kennecott Utah Coppers Bingham Canyon Mine in Salt Lake City, in the United States. Major lenders were mixed. National Australia Bank gained 19 cents to $26.14, Westpac off two cents to $24.41, and ANZ Banking Group was steady at $24.10. In other news ...

US Goldman Sachs seeks full ownership of Aust arm

ELISE BURGESS  |  FRIDAY, 8 APR 2011
Goldman Sachs Group is set to acquire the remaining 55 per cent in Goldman Sachs & Partners Australia Group (GS&P), to complete its acquisition of the JBWere venture. The acquisition will now give complete control of the $1 billion-plus investment banking ...

Unshaken and unstirred

BENJAMIN ONG  |  FRIDAY, 8 APR 2011
... consolidation of recent gains. The FTSE-100 index declined half a per cent. It could have easily dropped by more after the Bank of England decided to keep interest rates unchanged, confirming the bank's anxiety over its economy and that of its neighbours. ...