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Funding costs trim Suncorp banking profit

WWW.THESHEET.COM  |  THURSDAY, 1 NOV 2007
Suncorp Metway managing director John Mulcahy told the annual meeting yesterday it expected the credit crunch to trim between $10 million and $15 million from the "bottom line full-year result" of the group's banking business, though Suncorp did not ...

A tale of two currencies

SUZY MAC  |  THURSDAY, 1 NOV 2007
Despite China's strong influence, Australia's currency if not our economy still seems joined at the hip with the US, and the latest Federal Reserve rate cut can be expected to have a substantial knock on effect at home. Not all Federal Reserve board ...

Market wrap - midday

AAP  |  TUESDAY, 30 OCT 2007
The Australian stock market dipped slightly at noon from yesterday's record highs, weathering a weak Wall Street with small losses across the board. At 1200 AEDT, the benchmark S&P/ASX200 index had fallen 13.9 points to 6778.2, while the All Ordinaries ...

ING IM tailored to suit

ING Investment Management has restructured its existing management team to cater for recent developments in the investments industry, particularly growing institutional demand for alpha/beta-specific strategies. It's not quite a radical departure from ...

Market Wrap - Morning

AAP  |  TUESDAY, 30 OCT 2007
The Australian market is expected to open higher with Wall Street finishing ahead overnight. At 0705 AEDT on the Sydney Futures Market, the December share price index was 6840, up 18 points on a volume of 1,375 trades. In economic news today, the AOFM ...

Scary markets II

SUZY MAC  |  FRIDAY, 26 OCT 2007
Offshore markets rolled over and played dead again overnight, scared silly by another petrol price spike, while the Aussie dollar continued to run on ahead. The Australian dollar rose to a fresh 23-year high of 0.9090, after opening in London at 0.9030 ...

Market Wrap - Morning

AAP  |  FRIDAY, 26 OCT 2007
The Australian stock market is expected to open higher on a surge in commodity prices, including a record oil price, and a weak lead from Wall Street. On the Sydney Futures Exchange the December Share Price Index was up 41 points to 6674. Today, Austar ...

Raging bull in sub-prime abattoir

SUZY MAC  |  THURSDAY, 25 OCT 2007
The offshore-bulls were running rampant overnight, straight into the abattoir as rumours of a huge sub-prime loss for Merrill Lynch proved to be true. The world's biggest brokerage firm Merrill Lynch reported a blowout in losses in its third quarter ...

Market Wrap - Morning

AAP  |  THURSDAY, 25 OCT 2007
The Australian stock market has received a negative lead from Wall Street, and from London where metal prices tumbled across the board last night. At 0736 AEST on the Sydney Futures Exchange, however, the December Share Price Index was up 32 points ...

Smart outsourcing or global offloading?

Financial services companies need to change their perception around outsourcing IT functions overseas, according to a panel of IT experts at yesterday's Future of Banking and Financial Services technology conference. Derek Goh, executive general manager ...