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Morning Market Wrap: Dollar pushes over 73 US cents

The Australian dollar pushed above 73 US cents in overnight trade, reaching another six-year high ahead of today's possible interest rate hike. It reached a high of 73.25 US cents in offshore trade. At 0700 AEDT the Australian dollar was trading at ...

Retail trade and hospitality services increase 1.2% to $15.57 billion in October: ABS

Retail trade and hospitality services in Australia was valued at $15.57 billion for October, which represents a rise of 1.2 per cent on the figures for September, the Australian Bureau of Statistics (ABS) said today. The bureau said that the value of ...

Building approvals increase 1.6% to 16,264 units in October: ABS

The number of building approvals in Australia during October had risen 1.6 per cent to 16,264 units, the Australian Bureau of Statistics (ABS) said today. Building approvals for private sector houses during October was 10,521, which is a rise of 9.2% ...

Current account deficit improves in September quarter after some exports recover

AAP  |  MONDAY, 1 DEC 2003
Australia's current account deficit improved marginally in the September quarter after a recovery in some rural exports. The Australian Bureau of Statistics (ABS) said the deficit narrowed to $11.94 billion from a record $12.31 billion in the previous ...

Total managed funds during the September quarter is $671.4 billion: ABS

The total value of superannuation funds during the September quarter was $319.72 billion, whilst in the June quarter the figure was $310.53 billion, and $285.06 billion during the September quarter of 2002, the Australian Bureau of Statistics (ABS) ...

RBA to hike rates to 5.25 per cent next week: economists

AAP  |  FRIDAY, 28 NOV 2003
The Reserve Bank of Australia (RBA) would raise interest rates by another 0.25 per cent next week given the strengthening domestic and global picture, according to economists. The RBA lifted rates by 0.25 per cent to 5.00 per cent on November 5, saying ...

Midday market wrap: $A weaker at noon as market drifts without US impetus

AAP  |  FRIDAY, 28 NOV 2003
The Australian dollar was weaker at noon, caught in a tight range without impetus from the holidaying US market. At 1200 AEDT the local unit was trading at $US0.7215/20 compared with yesterday's close of 0.7235/40. The dollar reached a high of $US0.7233 ...

HHG CEO sees good investor interest in raising

AAP  |  FRIDAY, 28 NOV 2003
The chief executive officer of AMP Ltd's UK-based operations said today he expects good investor demand in a proposed $246 million capital raising when the demerged company lists on the Australian and London stock exchanges on December 23. At a teleconference ...

Simon Crean steps down from Labor leadership

AAP  |  FRIDAY, 28 NOV 2003
Opposition Leader Simon Crean today announced he would stand down as leader of the Labor Party. Mr Crean, in a brief statement, told reporters he would call a ballot for the leadership at next week\'s caucus meeting on Tuesday. He said he would not ...

NAB boss says UK operations in good shape

AAP  |  FRIDAY, 28 NOV 2003
National Australia Bank Ltd chief executive Frank Cicutto has defended the bank's United Kingdom operations, saying they are still well positioned for growth. Mr Cicutto said there had been "a lot of noise and debate about our UK operations". However ...