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FSA starts Goldman Sachs investigation

RUTH LIEW  |  THURSDAY, 22 APR 2010
The UK's Financial Services Authority is launching its own investigation into Goldman Sachs' alleged fraud activities, following charges to the firm by the Securities and Exchange Commission in the US. The FSA said in a short statement yesterday that ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 21 APR 2010
A broad-based rally has pushed the Australian share market up nearly one per cent at noon. At 1200 AEST, the benchmark S&P/ASX200 index was up 44.4 points, or 0.9 per cent, at 4,970.2 points, while the broader All Ordinaries index had risen 44.7 points ...

NAB clashes with ACCC decision

COMPANY RELEASE  |  WEDNESDAY, 21 APR 2010
National Australia Bank has spoken out against the ACCC's verdict to block its bid for AXA - and is exploring a "range of actions" to continue its pursuit of the firm. In a press statement released late yesterday, NAB said it "does not agree with the ...

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
... rose last night as companies reported better than expected earnings results. And guess which one stood out? Goldman Sachs! Yes, the same one facing fraud charges from the US Securities and Exchange Commission (SEC). The SEC filed a civil lawsuit against ...

Market Wrap - Midday

AAP  |  TUESDAY, 20 APR 2010
The Australian share market was higher at noon, following a firm overnight lead from Wall Street and a strong performance by the local finance sector. The benchmark S&P/ASX200 index was up 15.4 points, or 0.32 per cent, at 4,930.8 points at 1204 AEST ...

Less regulation, more action: Hartsuyker

RUTH LIEW  |  TUESDAY, 20 APR 2010
Axe the constraints, boost innovation - the shadow minister for superannuation, Luke Hartsuyker, said the Government should be encouraging innovative investment strategies from trustees, rather than limiting investors to standard investment choices. ...

Wall Street beauties

BENJAMIN ONG  |  THURSDAY, 15 APR 2010
... passing 11,000 and the S&P 500 jumping beyond 1,200? When they're backed by fundamentals and not wishful skips in the dark. Yes ladies and gents, although I warned yesterday that Wall Street's uptrend could run out of steam in the very near-term, the ...

Market wrap - midday

AAP  |  WEDNESDAY, 14 APR 2010
Rising resources and banking stocks have pushed the Australian share market higher at noon, with the broader index again pushing through the 5,000 point barrier. At 1200 AEDT the benchmark S&P/ASX200 index was up 26.6 points, or 0.54 per cent, at 4,978.2 ...

The retaking of Dow 11000

BENJAMIN ONG  |  WEDNESDAY, 14 APR 2010
Here we go, here we go, here we go-o! The Dow has retaken the 11K ground anew! Dow 36,000 here we come! Yes Virginia, by virtue of a miniscule 0.1 per cent gain overnight, the Dow has once again crossed beyond that ever-elusive 11,000 milestone to close ...

Enviable problem

BENJAMIN ONG  |  FRIDAY, 9 APR 2010
... now centre around how much pay increase they'll get or whether or not they'll accept other job offers, and if so, which one? Yes, the times they have changed - maybe not for the other advanced economies but they certainly have for Australia. Yesterday ...