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US dollar slips after Federal Reserve cuts key interest rate

AAP  |  THURSDAY, 1 MAY 2008
The US dollar slipped today after the Federal Reserve announced it cut a key interest rate by a quarter-point, a move that investors had anticipated. Markets had also expected the Fed to signal a pause in its rate-cutting campaign to combat the growing ...

Life insurance tax should be abolished: IFSA

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
Life insurers and industry body IFSA are backing a proposed state legislation to abolish stamp duty and other related taxes on life insurance products which, if passed, could reduce premiums by up to 12 per cent. Yesterday industry body IFSA, which ...

Market Wrap - Morning

AAP  |  THURSDAY, 1 MAY 2008
The Australian stock market is expected to open lower following a weak lead from Wall Street where stocks fell after the Federal Reserve trimmed interest rates but left unclear the outlook for further rate cuts. Base metals prices closed lower overnight ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 APR 2008
The Australian stock market is expected to open lower following a weak lead from Wall Street overnight. Base metals prices closed lower in London which could weigh on local resources stocks. At 0720 AEST, on the Sydney Futures exchange, the June share ...

Five core banking systems overhauled at CBA

WWW.THESHEET.COM  |  TUESDAY, 29 APR 2008
Commonwealth Bank hopes to get first mover advantage over its big bank rivals by launching a project to overhaul several of its most antiquated, but core, information systems. CBA yesterday briefed the media and investors on plans to spend $580 million ...

Market Wrap - Morning

AAP  |  TUESDAY, 29 APR 2008
The Australian stock market has received mixed leads from overseas. Wall Street ended little changed overnight, while base metals prices also were mixed. At 0802 AEST, on the Sydney Futures exchange, the June share price index was at 5,650. Today, the ...

Market Wrap - Midday

AAP  |  THURSDAY, 24 APR 2008
The Australian share market was lower at noon despite a rise in United States markets overnight. The global miners, gold stocks and some of the major banks weighed upon the bourse. ABN Amro Morgans private client adviser Trent Muller said the local ...

CPI, housing affordability and oil bills

ALEX DUNNIN  |  THURSDAY, 24 APR 2008
Yesterday's CPI spike just made fighting inflation and housing affordability that little bit harder but at least it will help the country pay for its oil import bill. Inflation rising 4.2 per cent, above what most market economists were expecting, is ...

Market Wrap - Morning

AAP  |  THURSDAY, 24 APR 2008
The Australian share market is expected to open higher this morning after US stocks increased as a range of technology companies posted better-than-expected results. Gains may be limited as most base metals, gold and silver declined overnight. Oil was ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 23 APR 2008
The Australian share market is expected to open lower this morning after US stocks sank overnight on rising oil prices and worries about inflation and consumer spending. At 0703 AEST, on the Sydney Futures exchange, the June share price index was 17 ...