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Market Wrap - Midday

AAP  |  FRIDAY, 25 NOV 2011
The Australian sharemarket has continued to weaken for the sixth consecutive day, in line with losses on European markets. At noon the benchmark S&P/ASX200 index was down 52 points, or 1.3 per cent, at 4,000, while the broader All Ordinaries index was ...

Market Wrap - Morning

AAP  |  FRIDAY, 25 NOV 2011
... after choppy trade. The euro continued weaker at $US1.3327, coming off a fresh six-week low of $US1.3316, rattled after a sale of German 10-year bonds flopped with bids of only 3.9 billion euros ($A5.35 billion) for the six-billion-euros of 10-year bonds ...

Market Wrap

AAP  |  THURSDAY, 24 NOV 2011
The Australian sharemarket was flat at noon after four consecutive days of losses with investors nervous following a steady stream of bad news. At 1230 AEDT, the benchmark S&P/ASX200 index was up nine points, or 0.22 per cent, at 4,060, while the broader ...

Bennelong awarded 'recommended' rating by Lonsec.

CLAIRE MCGREAL  |  THURSDAY, 24 NOV 2011
The Bennelong Australian Equity Fund has been awarded a 'recommended' rating by Lonsec. Over the two-year period ending September 2011, the Fund outperformed the S&P/ASX 300 Accumulation Index by 2.6% per annum (after fees), "clearly outperforming the ...

Market Wrap - Morning

AAP  |  THURSDAY, 24 NOV 2011
The Australian market looks set to open lower following negative movements on international bourses after a weak sale of German 'gold standard' bonds stoked concerns that no one can be safe from the deepening eurozone debt crisis. At 0816 AEDT on Thursday ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 23 NOV 2011
The Australian share market at noon on Wednesday was lower, dragged back by weaker resources and financial sectors. At 1200 AEDT, the benchmark S&P/ASX200 index was 25.5 points, or 0.62 per cent, lower at 4,107.5, while the broader All Ordinaries index ...

Dead calm

BENJAMIN ONG  |  WEDNESDAY, 23 NOV 2011
This morning I woke up to Reuter's headline screaming, "Stocks slide on weak US growth data" and Bloomberg's "European Stocks Drop as Euro Area Borrowing Costs Rise; Commerzbank Slumps". What could have scared the equities markets off again this time ...

Sunsuper appoints State Street as custodian

ELISE BURGESS  |  TUESDAY, 22 NOV 2011
State Street Global Services has landed the role of custodian for $18 billion super fund, Sunsuper and will provide solutions and investment servicing for the local market. After around nine months of due diligence, State Street will now provide a suite ...

Lookin' for trouble

BENJAMIN ONG  |  TUESDAY, 22 NOV 2011
My mother once - yes, only once - told me that if you go out looking for trouble, you're gonna find one. That's exactly what happened in the financial markets while we were sleeping. Not content with the troubles plaguing Europa, investors looked to ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
A heated panel session between government and industry heavyweights about the FOFA reforms led to calls for a realistic debate and new government promises, with opt-in dominating the discussion. In a session at the Financial Planning Association's annual ...