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Market Wrap - Midday

AAP  |  WEDNESDAY, 23 JAN 2008
Australian stocks have recovered considerably from yesterday's alarming global market slump, boosted by a surprise, emergency 75 basis points interest rate cut by the US Federal Reserve. Global investors braced themselves for another big day of losses ...

Market plunge drives record margin calls

WWW.THESHEET.COM  |  WEDNESDAY, 23 JAN 2008
Margin lenders CommSec and St George Bank made record numbers of margin calls on Monday night and after yesterday's All Ordinaries 409 point drubbing, with another record in the making last night. CommSec managing director Matt Comyn, speaking late ...

Cut super tax, boost co-contribution

RUTH LIEW  |  WEDNESDAY, 23 JAN 2008
The government's 15 per cent contributions tax on superannuation guarantee payments should be reduced and the co-contribution policy revamped to boost national saving levels, suggests two major finance industry bodies. The Association of Superannuation ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 23 JAN 2008
The Australian share market is expected to open significantly higher today despite a negative lead on Wall St after the local market yesterday posted its biggest single day fall in over 10 years. Most major European markets rebounded overnight and losses ...

HFA clears up MFS links

MICHAEL HOBBS  |  TUESDAY, 22 JAN 2008
HFA Holdings was forced to clarify its relationship with MFS Group, stating HFA has no operating or business relationship with the company, after MFS' share price continued its nosedive. In a statement, the HFA Holdings (HFA) board said HFA's share ...

Market Wrap - Morning

AAP  |  TUESDAY, 22 JAN 2008
The Australian share market is expected to open sharply lower on a negative lead from Asian and European markets and large falls in commodity prices. On the Sydney Futures Exchange, the March share price index futures contract was down 158 points at ...

AIF CIO jumps ship to Asciano

RUTH LIEW  |  FRIDAY, 18 JAN 2008
Australian Infrastructure Fund chief operating officer, Peter McGregor, announced his resignation yesterday as he prepares to assume the role of director, commercial at transport infrastructure company, Asciano. McGregor has also resigned as a director ...

Market Wrap - Morning

AAP  |  FRIDAY, 18 JAN 2008
The Australian share market looks set to continue its run in the red today after more falls on Wall Street. In London, base metal prices generally were down. On the Sydney Futures Exchange at 0824 AEDT, the March share price index futures contract was ...

Market wrap - midday

After eight sessions in the red, the Australian stock market was finally in the black at midday, boosted by financial stocks. At 1200 AEDT, the benchmark S&P/ASX200 index was up 25.4 points to 5,835.1 while the broader All Ordinaries had climbed 20.6 ...

MFS director waves goodbye

RUTH LIEW  |  THURSDAY, 17 JAN 2008
Investors of property and tourism investment company MFS may be nervously waiting the decision on City Pacific's $830 million offer for the firm's funds management business, but one of the firm's non-executive director, Michael Hiscock, won't be staying ...