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Market wrap - morning

AAP  |  TUESDAY, 29 MAY 2007
The Australian market is expected to open lower this morning with most of the world's major markets closed on Monday due to public holidays. At 0818 AEST, on the Sydney Futures Exchange, the June share price index was down seven points at 6265. In local ...

SMSF property lending of high Calliva

CHRIS NICHOLLS  |  FRIDAY, 25 MAY 2007
Calliva yesterday announced the launch of a new property lending product called SuperAccess, targeting self-managed super funds (SMSF) by allowing trustees to borrow up to 70 per cent of a property's value. Explaining the product, Calliva chief executive ...

Economic round-up: Chinese whispers and inflation rumbles

SUZY MAC  |  FRIDAY, 25 MAY 2007
Comments by former US Federal Reserve Chairman, Alan Greenspan, over China's "unsustainable" market weighed heavily on the Australian dollar yesterday, while the OECD flagged a threat to our inflation. On Wednesday Dr Greenspan, speaking by satellite ...

Market wrap - morning

AAP  |  FRIDAY, 25 MAY 2007
The market is expected to open with heavy losses, with weak base metal prices and poor lead from Wall Street expected to take a toll. At 0703 AEST, the June share price index was down 59 points or 0.94 per cent, at 6239. In company news, Babcock & Brown ...

Market wrap - midday

AAP  |  THURSDAY, 24 MAY 2007
The Australian dollar was stronger at noon after being driven higher in early trade by offshore currency movements. At 1200 AEST, the domestic unit was trading at $US0.8226/31, down from yesterday's close of 0.8212/13. It traded between a low of $US0.8216 ...

Online investing in its prime: Macquarie

CHRIS NICHOLLS  |  THURSDAY, 24 MAY 2007
It was one for all and all for one at Macquarie Equity Markets Group, with the release yesterday of the new Macquarie Prime online trading platform, combining shares, gearing, CFDs and cash into one single package. Designed to give investors the benefits ...

Platinum listing turns to gold

HAMISH MADDEN  |  THURSDAY, 24 MAY 2007
Platinum Asset Management had a stellar debut on the Australian Securities Exchange, with shares jumping by over 70 per cent in the first day of trade. Kerr Neilson's Platinum Asset Management (ASX: PTM) issued 112.2 million shares at $5.00 per share ...

Market wrap - morning

AAP  |  THURSDAY, 24 MAY 2007
The Australian market is expected to open lower, with drops in base metal prices and a flat lead from Wall Street dampening sentiment. At 0742 AEST, the June share price index was down 10 points, at 6368. In company news, Dyno Nobel holds its AGM, as ...

Market wrap - midday

AAP  |  WEDNESDAY, 23 MAY 2007
The Australian share market was trading higher at noon, in spite of a weaker performance on Wall Street and flagging metals prices. At 1200 AEST, the benchmark S&P/ASX200 Index was up 29.5 points at 6368.3, while the all ordinaries improved, by 29.9 ...

Dutton allows warrants back on SMSF menu

CHRIS NICHOLLS  |  WEDNESDAY, 23 MAY 2007
Assistant Treasurer Peter Dutton yesterday reversed the federal government's hardline stance on instalment warrants, allowing self managed super funds to invest in warrants of "a limited recourse nature over any asset a fund would be permitted to invest ...