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The dragon stumbles

BENJAMIN ONG  |  THURSDAY, 30 JUL 2009
... index plummeted by 5 per cent yesterday - the largest fall since a 6.3 per cent correction in November last year. Woe to us! Yes I said correction. Why? From that "correction" up to yesterday's "plunge," the Shanghai Composite Index has clocked up an ...

Market wrap - midday

AAP  |  WEDNESDAY, 29 JUL 2009
The Australian sharemarket had improved from its opening by noon after being pulled up by the major banks. At 1200 AEST, the benchmark S&P/ASX200 index was down 0.1 point,at 4169.4 points while the broader All Ordinaries index was 0.2 point lower at ...

Fed brawn, RBA brains

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2009
Days like these, I should have stayed in bed a bit longer. For this is one of those days when overnight action on Wall Street offered no adrenaline hit to my system. Will have to settle for three coffee cups this morning. The S&P slipped 0.3 per cent ...

Gen-Y in a bottle

MICHELLE BALTAZAR  |  TUESDAY, 28 JUL 2009
... acknowledges that many social media users are resisting the use of sites like Facebook and Twitter for commercial purposes. "Yes, that's true but the challenge is how do you springboard from social media to you, as a finance institution?" The point is ...

Greener than green shoots

BENJAMIN ONG  |  TUESDAY, 28 JUL 2009
... then came the US Commerce Department reporting greener than green shoots sighted in the housing market. Wall Street rejoiced. Yes, Virginia. Remember housing and how lending to NINJAs (No Income. No Jobs and Assets) jumpstarted the mess that is the global ...

Loaded one-way bet

BENJAMIN ONG  |  MONDAY, 27 JUL 2009
Final inning. Yes folks, this is the month's last inning. Will the end days of July mark the seventh moon of 2009 as the return of the bulls? Or will it mark when the bears built up the courage to mount a comeback? Normally I would have said, it doesn't ...

Ways to go

BENJAMIN ONG  |  FRIDAY, 24 JUL 2009
"The government is not contemplating another round of cash payments," Australian Federal Treasurer Wayne Swan told the Australian Broadcasting Corp. (ABC) early this week. This could be interpreted as either the Australian Government does not want to ...

Super funds stage comeback

... change in market sentiment after the latest US and Australian economic indicators propped domestic and global stockmarkets. "Yes, they still have a long way to go, but the recovery is much faster than predicted and is the best news fund members have ...

Trust launches strategy review

MICHAEL HOBBS  |  THURSDAY, 23 JUL 2009
Trust chief executive and managing director, John Atkin, and a number of other executives at the firm have launched a strategic review of the business. The review was announced Bruce Corlett, chair at Trust, yesterday at the company's annual general ...

When it's too late

BENJAMIN ONG  |  THURSDAY, 23 JUL 2009
... US recession of 1953 (the earliest I could find) -- and the eight others that followed it -- the stock market has always, yes always, started its bull run about six months before these recessions ended. Now look here. Prof Roubini came out last week ...