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Showing 271 - 280 of 342 results for "PES"

Legg Mason shuts down defensive trust

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
Legg Mason has closed its wholesale defensive trust, citing its FUM of less than $10 million made it impractical to continue offering the product. According to a May update of the fund, which has $9.5 million in funds under management, the fund manager ...

Vantage point

BENJAMIN ONG  |  THURSDAY, 16 APR 2009
Depending on your vantage point, you would find that the global economy is on the mend or the global economy is still wallowing from its debt-inflicted pain. Wall Street sat where everything seems to be turning up roses. The Dow and the S&P 500 rose ...

Market Wrap - Morning

AAP  |  TUESDAY, 31 MAR 2009
The Australian share market is expected to open lower with US and European stock markets experiencing heavy falls on weaker economic sentiment. At 0725 AEDT on the Sydney Futures Exchange, the March SPI futures index was down 57 points at 3,559. In ...

Spring springs on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2009
'Words and music make a song.' (Andy Gibb) Wall Street's performance overnight showed what some choice words and a 'memo' could do to market sentiment. The S&P 500's 6.4 per cent surge last night provided a preview of the sharp reversal the equity markets ...

Market Wrap - Morning

AAP  |  TUESDAY, 10 MAR 2009
The Australian share market has received mixed leads from overseas, with Wall Street down and precious and base metals lower, although oil added over a dollar and a half. At 0724 AEDT, on the Sydney Futures Exchange, the March SPI futures index was ...

Market Wrap - Morning

AAP  |  TUESDAY, 3 MAR 2009
The Australian share market has received strongly negative leads from overseas, as US markets hit 12-year lows amid worsening concerns about financial companies and the economy. A further bailout of US insurer American International Group, which also ...

Riccardian equivalence redux

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2009
US President Barack Obama is bringing David Riccardo back from the dead. When the US unveiled its first bailout acronym - TARP -- for the financial sector TARP - last year, I wrote about a theory taught us budding economists called the 'Riccardian equivalence.' ...

Market Wrap - Morning

AAP  |  MONDAY, 23 FEB 2009
The Australian share market is likely to open flat with the SPI contracts slightly higher and after a weak lead from the US. Oil was down on Wall Street on Friday, although precious metals were higher, with gold closing over $US1,000 at the close of ...

Plusses and minuses

BENJAMIN ONG  |  THURSDAY, 12 FEB 2009
Australia is back in a situation where it is either looking at a half full or a half empty glass. Latest statistics released over the past few days have something for everybody. Glass half-full. Last week, the Australian Bureau of Statistics (ABS) reported ...

Groundhog Day

BENJAMIN ONG  |  TUESDAY, 3 FEB 2009
Today, America and Canada held their annual Groundhog Day festivities to see whether spring would come early or winter will stretch six weeks more. Groundhog Day is rooted in ancient European folklore and purports that if a groundhog emerges from its ...