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Market Wrap

AAP  |  WEDNESDAY, 18 FEB 2004
The Australian dollar reached a fresh seven-year high just shy of 80 US cents overnight on expectations further interest rate rises will attract investors. At 0700 AEDT the local currency was trading at $US0.7978/83 compared with yesterday's close of ...

Market Wrap

AAP  |  TUESDAY, 17 FEB 2004
The Australian dollar opened stronger on the back of United States dollar weakness as the local market awaited today's speech from the Reserve Bank of Australia's deputy governor. At 0700 AEDT the local currency was trading at $US0.7924/29 compared ...

Market Wrap

U.S. stocks fell on Thursday as investors locked in gains from the previous session after disappointing jobless claims data and lackluster earnings news. No. 2 computer maker Hewlett-Packard Co. dragged down the Dow Jones industrial average after saying ...

Market Wrap

The Australian dollar opened little changed after yesterday rising by more than one US cent following the release of the Reserve Bank of Australia's quarterly monetary policy statement. At 0700 AEDT the local currency was trading at $US0.7755/60 compared ...

New NAB boss has own suspicions about rogue trading scandal

... can see, I think there will be a control breakdown and we will find that people have done things, that in terms of the law, yes, they shouldn't have done." Mr Stewart took on the top job at NAB a week ago in the wake of the rogue trading furore which ...

Market Wrap

The Australian dollar opened higher before the release of a statement from the Reserve Bank that economists expect will indicate further rate rises are on the cards. At 0700 AEDT the local currency was trading at $US0.7664/69 compared with Friday's ...

Macquarie Bank benefits with volume lift from NAB scandal

AAP  |  FRIDAY, 6 FEB 2004
Macquarie Bank is benefitting from a lift in volume in foreign exchange trading after the rogue dealing scandal that rocked National Australia Bank Shares in the investment bank surged 2.8% yesterday as Macquarie raised its expectations for second half ...

Rivkin withdraws Parole Board appeal

AAP  |  FRIDAY, 6 FEB 2004
Lawyers for Rene Rivkin have withdrawn their appeal to the NSW Parole Board which was to have been heard this afternoon, the Department of Corrective Services said. Corrective Services Commissioner Ron Woodham confirmed his direction that Rivkin was ...

Bank of England raises key interest rate to 4%

The Bank of England said yesterday it would increase Britain's benchmark interest rate by 0.25 percentage points to 4%. The rate hike is the bank's second in three months, and it comes amid concerns that a strengthening in the economy might stoke inflation. ...

Market Wrap

AAP  |  FRIDAY, 6 FEB 2004
The Australian dollar opened slightly stronger this morning, as the United States dollar weakened across the board overnight. At 0700 AEDT the local currency was trading at $US0.7614/18 compared with yesterday's close of 0.7612/16. In offshore trading ...