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Australian dollar separates winners and losers

MICHAEL HOBBS  |  FRIDAY, 21 MAY 2010
Patient unhedged global equities investors are rewarded as the value of the Australian dollar falls against the greenback but the same event may be causing havoc in portfolios that aren't regularly rebalanced, according to experts. The Australian dollar's ...

Market Wrap - Midday

AAP  |  FRIDAY, 21 MAY 2010
The Australian stock market continued its slide at noon with fears from Europe hitting financial and resource stocks. By 1201 AEST, the benchmark S&P/ASX200 index fell 92.2 points, or 2.14 per cent, at 4,224.3 points, while the broader All Ordinaries ...

Nein to naked shorts

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2010
... political independence is now being questioned. So what's a German to do to defend its new currency? Regulate on its own. Yes Virginia, we're back to 2008. Naked short selling will be banned in Germany when their clocks strike midnight tonight -- and ...

Euro downs Supermodel

BENJAMIN ONG  |  TUESDAY, 18 MAY 2010
... Dictionary.com defines this as "a person who dislikes Europe, its culture, and Europeans," to which we may now add, the euro. Yes Virginia, it seems most of us are turning Europhobes now. Greece gave euros a bad smell and now financial markets are dumping ...

Gold is hip again

BENJAMIN ONG  |  MONDAY, 17 MAY 2010
... adorn the ears, noses, fingers and arms -- and for some, even unmentionable parts of the body -- starts making a come back. Yes, gold! It's hip again! For a while there, since the beginning of the year, gold was stuffed back into jewelry boxes as speculation ...

Shocked, not awed

BENJAMIN ONG  |  FRIDAY, 14 MAY 2010
Shocked maybe...but not awed. The recent financial market movements -- yes, those downs... then ups... then downs -- we've seen this week immediately before and after the European Union's announcement of a 750 billion bail out package indicate that ...

MIT tax regime modernised and simplified

MICHELLE BALTAZAR  |  WEDNESDAY, 12 MAY 2010
Fund managers around the country are breathing a big sigh of relief after the government adopts a more common sense approach to the way managed funds are taxed - a big plus for investors that have long been disadvantaged by archaic MIT tax rules. It's ...

Do nothing budget

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2010
... disarray and indications show that spending constraints there would significantly slow its growth outlook. And contagion? Yes, there's still China. But cracks are beginning to appear there too. The major positive of this "do-nothing" budget is that the ...

Trillion dollar kitchen sink

BENJAMIN ONG  |  TUESDAY, 11 MAY 2010
... words of Coney Francis, "Who's sorry now?" "I tried to warn you somehow You had your way Who's sorry now..." Shocked and awed. Yes, Virginia, this was how speculators felt when they were forced to cover their short positions after the European Union ...

Death by algorithm

BENJAMIN ONG  |  FRIDAY, 7 MAY 2010
What does it take to wipe out more than US$1,000,000,000,000 on Wall Street? Punching "B" instead of "M" on your keyboard. Panic set on Wall Street overnight as the Dow went into a freefall to record its worst ever intra-day drop of 998.5 points. Was ...