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Study shows many Australian retirees on low incomes

AAP  |  WEDNESDAY, 17 MAR 2004
The majority of retired Australians are living on no more than $320 per week, but that hasn't deterred people from leaving work years before the traditional retirement age, a study released yesterday found. Figures that validate growing concern in Canberra ...

Market Wrap

AAP  |  WEDNESDAY, 17 MAR 2004
The Australian dollar gained after the United States Federal Reserve kept its target interest rate steady and said it can be "patient" in keeping the rate slow to spur jobs growth, driving the US dollar lower. At 0700 AEDT the local currency was trading ...

Market Wrap

AAP  |  TUESDAY, 16 MAR 2004
The Australian dollar gained after a choppy night of trading and looks to be forming a base at around $US0.7255, after falling there late on Friday. At 0700 AEDT the local currency was trading at $US0.7360/65 compared with yesterday's close of 0.7343/48. ...

Housing affordability down in December

Housing affordability for first-time home buyers fell 8.4%, reaching a record low in the December quarter, according to a report released yesterday by the Commonwealth Bank and the Housing Industry Association. Figures from the survey indicate that ...

Market Wrap

AAP  |  FRIDAY, 12 MAR 2004
The Australian dollar has dived below 74 US cents for the first time this year, losing more than one US cent overnight in technical trading. At 0700 AEDT the local currency was trading at $US0.7381/86 compared with yesterday's close of 0.7428/33. It ...

Henry Kaye strategies not practical, court hears

AAP  |  THURSDAY, 11 MAR 2004
High-profile property spruiker Henry Kaye's investment strategies were neither practical nor realistic, a leading Melbourne property analyst told the Federal Court yesterday. But the court also heard other expert evidence that Kaye's strategies of investing ...

Wizard boss tips investment property supporting mortgage sector

AAP  |  THURSDAY, 11 MAR 2004
Baby boomers are increasingly hitching their retirement to investment property rather than superannuation which will support the home loan industry in years to come, Wizard Home Loans executive chairman Mark Bouris said yesterday. Mr Bouris, speaking ...

S&P executive says investors reward transparency

AAP  |  THURSDAY, 11 MAR 2004
Financial transparency by companies is rewarded by investors, an expert from ratings agency Standard & Poor's (S&P) told a conference yesterday. Executive vice president credit market services at S&P, Vickie Tillman, said Worldcom, Enron, Parmalat and ...

Market Wrap

AAP  |  THURSDAY, 11 MAR 2004
The Australian dollar has lost more than 1% overnight after the United States dollar rose against the euro and sterling as profit taking on the European currencies continued. At 0700 AEDT the local currency was trading at $0.7503/08 compared with yesterday's ...

Trading Post good fit for Telstra

AAP  |  WEDNESDAY, 10 MAR 2004
The $636 million acquisition of classified advertising business the Trading Post Group by Telstra Corp Ltd was a good fit for the telco's directories business, analysts said. But analysts and shareholder groups have raised concerns about the price the ...