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market wrap PM

ALICE URIBE  |  FRIDAY, 7 NOV 2014
The Australian share market has opened slightly higher on positive leads from Wall Street but it's under pressure as two major banks go ex-dividend. The Dow Jones Industrial Average and S&P 500 again closed at record highs overnight, for the second ...

Market Wrap AM

AAP  |  FRIDAY, 7 NOV 2014
... tumbled to $US1.2413 from $US1.2484 late in New York on Wednesday. HONG KONG - Asian markets were mixed following a record close on Wall Street, while profit-taking sent Japan's Nikkei to its first loss since last week and the US dollar retreated after ...

A trillion euros is in the mail

BENJAMIN ONG  |  FRIDAY, 7 NOV 2014
What had been a mathematically-derived, guessed at and/or expected a,-1 trillion expansion in the European Central Bank's (ECB) balance sheet has just become fact - ECB President Mario Draghi promised - and it's unanimous. Most would have probably read ...

Sophisticated investor register launched

MARK SMITH  |  THURSDAY, 6 NOV 2014
A new online investor registry, aimed at modernising the compliance process for certifying sophisticated and wholesale investors, has been launched by Sophisticated Access (SA). The real-time registry, known as Cygura, is for investors and their accountants ...

AMP debt fund beats target with US$1.1 billion final close

STAFF WRITER  |  THURSDAY, 6 NOV 2014
... investors from eight countries have invested in AMP Capital's Infrastructure Debt Fund II (IDF II), which completed its final close, raising US$1.1 billion during its fundraising period. Investors came from countries including the US, the UK, Germany ...

Market wrap

AAP  |  THURSDAY, 6 NOV 2014
The Australian share market has opened higher after US markets hit new highs. The Dow and S&P 500 closed at fresh records overnight after the Republicans took power in both US houses of Congress and lifted hopes for pro-business policies. The strong ...

Rejoice for the A$ has fallen

BENJAMIN ONG  |  THURSDAY, 6 NOV 2014
"...I see your true colors Shining through." - Cyndi Lauper Has the A$ just revealed its true colour? It's a Democrat and an Obama groupie! The Australian dollar "plummeted" "nosedived" "plunged" "tumbled" "was smoked" following reports that the Republicans ...

Market Wrap AM

AAP  |  THURSDAY, 6 NOV 2014
The Australian market looks set to open higher after the Dow Jones Industrial Average reached a record high following the Republican win in the US midterm elections. At 0910 AEST on Thursday, the December share price index futures contract was up 14 ...

netwealth dealer group expands to Canberra

LAURA MILLAN  |  WEDNESDAY, 5 NOV 2014
Netwealth-owned financial planning business Bridgeport Financial Services has acquired a financial planning practice in Canberra and has expanded its presence across four states. Empire Financial Planning has funds under advice of approximately $100 ...

Market Wrap AM

AAP  |  WEDNESDAY, 5 NOV 2014
... sank 2.24 per cent to 18,935 points. And Frankfurt's DAX 30 slipped 0.92 per cent to 9,166.47 points compared with Monday's close. The euro meanwhile rose to $US1.2559 from $US1.2484 late in New York on Monday. Brent North Sea crude for delivery in December ...