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Market Wrap - Morning

AAP  |  FRIDAY, 28 MAR 2008
... cent. TOKYO - Japanese stocks fell 0.8 per cent, with electronic parts maker TDK Corp plunging nearly 8 per cent on a newspaper report that it would possibly miss its earnings forecast. The benchmark Nikkei average ended down 102.05 points at 12,604.58. ...

Ken Done sues over $53m bad advice

MICHAEL HOBBS  |  THURSDAY, 20 MAR 2008
... relationship with Done, nor was he included on the list when the accounting practice purchased the client base. Daily newspaper Sydney Morning Herald reported today the details of Done's lawsuit. According to the article, Done claimed that had his advisers ...

Broadacre price boom

ALEX DUNNIN  |  TUESDAY, 18 MAR 2008
Grain prices climbing to record levels, combined with encouraging rainfall, is stirring excitement in the agribusiness sector for farmers and investors. "Farmers should be planning to cash-in on the predicted high grain prices and plant substantial ...

Bear Stearns a 'reasonable risk': JPMorgan

... challenging given Bear Stearns' scale of fixed income business and more limited international scope. Meanwhile, London-based newspaper The Financial Times has reported that JPMorgan is expected to incur a US$6 billion one-off charge for potential litigation ...

Market wrap

AAP  |  FRIDAY, 14 MAR 2008
... options and stock exchange last year. LONDON/RIO DE JANEIRO - Shares in miner Xstrata Plc jumped on Thursday after a newspaper said officials would fly to South America to hammer out a takeover by Brazil's Vale amid talk of a deal with Xstrata's biggest ...

Market Wrap - Morning

AAP  |  TUESDAY, 26 FEB 2008
... Japan's Nikkei average rose more than 3 per cent, posting a six-week closing high as market sentiment improved after a newspaper reported that China's sovereign wealth fund planned to buy as much as $10 billion in Japanese stocks. The Nikkei average ...

Market Wrap - Morning

AAP  |  FRIDAY, 15 FEB 2008
The Australian stock market is expected to open lower on a negative lead from Wall Street. This morning on the Sydney Futures Exchange at 0650 AEDT, the March share price index contract was down 74 points at 5,592 on a volume of 1,083 contracts. Today ...

Ryan joins Fidelity

MICHAEL HOBBS  |  THURSDAY, 31 JAN 2008
... Goodin, president of Fidelity Asia Pacific. Asian Investor daily reported Ryan will at Fidelity on February 18. The newspaper also reported Fidelity made the decision partly as a result of Goodin's move from Tokyo to Sydney. Fidelity is a financial services ...

Tricom a day late on settlements

WWW.THESHEET.COM  |  WEDNESDAY, 30 JAN 2008
... reported that the firm had a margin loan portfolio of $2.2 billion at June 2007 but had reduced that subsequently. The newspaper named ANZ and Merrill Lynch as two wholesale lenders to whom Tricom owed more than $1 billion. The Australian reported that ...

Market plunge drives record margin calls

WWW.THESHEET.COM  |  WEDNESDAY, 23 JAN 2008
... had to process around 800 margin calls, which would be the maximum we have ever had to face." He later told The Age newspaper that margin calls for yesterday were around 2100. "Usually when there is some volatility you would get 100 or a maximum of 200 ...