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Morning market wrap: US shares surge higher

Shares in the US powered higher, finishing up 165.26 points at 8471.61 as better-than-expected corporate earnings figures assuaged investors' doubts about the underlying strength of the economy. The sentiment in London was also stronger, as the FTSE-100 ...

Centro comes out fighting on ART

Centro Property has launched a stinging riposte to AMP Henderson's recommendation to the unitholders of the AMP Shopping Centre Trust (ART) that they reject Centro's bid for their units. In a letter to ART unitholders, Centro chairman Brian Healey has ...

Overseas visitor arrivals decline 1.7% in March 2003

The number of overseas visitors to Australia during the month of March 2003 was 398,600 reflecting a decrease of 1.7 per cent over the figures for February 2003. In data released by the Australian Bureau of Statistics (ABS) today, it was also revealed ...

Flight Centre records $68.8 million in profits

Flight Centre today announced an increase of 21 per cent in its pre tax profit of $68.8 million for the nine months to March 31, 2002 and a 31% increase in gross ticket sales and other revenue to $3.14 billion. "Our profit figures for the third quarter ...

Morning market wrap: US shares edge lower

Shares in the US were marginally weaker overnight as investors again were again prepared to sit on the sidelines and await corporate earnings figures. The Dow Jones lost 8.75 points while the Nasdaq gave up 1.13 points. Domestically, the highlight of ...

New dwellings financed increase by 0.1% in February: ABS

The number of new dwellings financed in Australia for February 2003 increased by 0.1% to 52,018 as compared to January 2003 according to the latest Australian Bureau of Statistics (ABS) data. There were also 5,202 new dwelling constructions, showing ...

Victoria, Queensland break rising unemployment trend: ABS

The latest Australian Bureau of Statistics (ABS) figures for Australia's labour force showed a decline of 42,800 in the number of unemployed persons from 9,563,500 in February 2003 to 9,520,7000 in March 2003. Full time employment decreased by 64,800 ...

APRA hits back at hedge fund policy criticism

The Australian Prudential and Regulation Authority (APRA) has hit back at criticism over its March warning to superannuation funds about the possible perils of hedge funds. On Monday, Dominic McCormick, chief investment officer at fund of hedge funds ...

ANZ predicts 4% Australian economic growth in 2004

ANZ today predicted that the Australian economy will grow by 3 per cent for 2003 and by 4% for 2004, slightly higher than the forecasted average for world economic growth of 2.9% in 2003, and 3.9% for 2004. But Financial Standard Chief Economist Dr ...

Newspaper job advertisements up by 0.4% in March: ANZ

The total number of newspaper advertisements rose by 0.4% in March to 21,062 per week, the third consecutive monthly increase, according to monthly job advertisement figures released by ANZ today. But the total number of newspaper and internet job advertisments ...