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Market Wrap

AAP  |  THURSDAY, 15 JAN 2004
The Australian dollar opened weaker today, as the United States currency gained support from a narrower-than-expected US trade deficit. At 0700 AEDT the Australian dollar was trading at $US0.7757/59 compared with yesterday's close of 0.7770/75. The ...

Whistleblower exposed NAB losses

AAP  |  WEDNESDAY, 14 JAN 2004
A whistle-blower exposed three months of unauthorised trading that lost the National Australia Bank up to $180 million, the bank said today. NAB yesterday suspended a foreign currency dealer in London and three in Melbourne for rogue trading in foreign ...

Four NAB currency dealers suspended

AAP  |  WEDNESDAY, 14 JAN 2004
National Australia Bank has suspended four foreign currency dealers over unauthorised trades that resulted in losses of up to $180 million. The trades, believed to have begun in October last year, were only discovered yesterday, culminating in an emergency ...

Market Wrap

AAP  |  WEDNESDAY, 14 JAN 2004
The Australian dollar opened weaker today, retreating from a fresh six and a half year high overnight, as the United States dollar gained strength from comments made by Federal Reserve chairman Alan Greenspan. At 0700 AEDT the Australian dollar was ...

Market Wrap

AAP  |  TUESDAY, 13 JAN 2004
The Australian dollar opened broadly unchanged, after it continued its upward trend overnight to hit a fresh six and a half year high. At 0700 AEDT the Australian dollar was trading at $US0.7775/80 compared with yesterday's close of 0.7777/82. The local ...

Midday Market Wrap: Slightly weaker $A on quiet trading day

The Australian dollar is slightly weaker at noon, after the US dollar found some strength on better-than-expected unemployment figures overnight. At 1200 AEDT the Australian dollar was trading at $US0.7391/96 compared with yesterday's close of 0.7417/22. ...

Morning Market Wrap: $A opens weaker after US dollar strengthens

The Australian dollar opened weaker today after the battered US dollar found some impetus on better-than-expected unemployment figures overnight. At 0700 AEDT the Australian dollar was trading at $US0.7398/03 compared with yesterday's close of 0.7417/22. ...

Midday Market Wrap: AMP dominates local trade in lethargic market

WITH AAP  |  THURSDAY, 18 DEC 2003
The Australian share market at noon remained in positive territory after a slightly stronger US market overnight, with local trading dominated by the newly demerged AMP Ltd. AMP was trading at $4.79 as it began its life free of its ailing British businesses. ...

Macquarie Bank cuts commitment to MEAP fund

AAP  |  THURSDAY, 18 DEC 2003
Macquarie Bank Ltd today said it was cutting its investment in its Canadian infrastructure fund, as the fund secured another $C100 million from the Canada Pension Plan Investment Board. Macquarie Bank said it reduced its commitment to Macquarie Essential ...

AMP bookbuild delivers stock as low as $4.30 for some

AMP Ltd has announced details of the institutional bookbuild held as part of its Rights Offer, revealing that bookbuild participants have been allocated shares at as low as $4.30. As of close yesterday AMP traded at $5.77. AMP said that given this bookbuild ...