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Morning Market Wrap: Dollar hits fresh heights

The Australian dollar rose to a fresh six year high overnight on the back of US dollar weakness to open stronger. At 0700 AEDT the Australian dollar was trading at $US0.7399/04 compared with yesterday's close of 0.7384/87. It reached a record six year ...

Midday Market Wrap: Weak financial sector puts pressure on local bourse

The Australian share market was marginally higher at noon as a weaker financial sector continued to put pressure on the local bourse. At 1204 AEDT, the benchmark S&P/ASX 200 index was up 2.9 points at 3232.7 while the all ordinaries index gained 2.2 ...

Morning Market Wrap: Dollar stronger today

The Australian dollar opened stronger today after reaching another six-year high overnight but dropping back when the US announced it would cut steel tariffs. At 0700 AEDT the Australian dollar was trading at $US0.7349/54 compared with yesterday's close ...

Afternoon market wrap: Shares up as investors defy RBA rate hike

WITH AAP  |  THURSDAY, 4 DEC 2003
The Australian share market made steady gains throughout the day, boosted by a stronger banking sector as investors brushed off yesterday's hike in official interest rates. The benchmark S&P/ASX 200 index closed 14.5 points higher at 3229.8 while the ...

Midday Market Wrap: Banking sector boosts market

The Australian share market remained higher at noon, boosted by a stronger banking sector, as investors brush off yesterday's hike in official interest rates. By 1201 AEDT, the benchmark S&P/ASX 200 index was 13.0 points higher at 3228.3 while the all ...

Morning Market Wrap: Dollar continues to climb

The Australian dollar opened stronger today, buoyed by a weak US dollar and the Reserve Bank of Australia's (RBA) decision to lift overnight cash rates to 5.25 per cent yesterday. At 0700 AEDT the Australian dollar was trading at $US0.7352/57 compared ...

ASIC seeks receivership for third Kaye company

AAP  |  WEDNESDAY, 3 DEC 2003
The Australian Securities and Investments Commission (ASIC) will seek to have a third company of Melbourne property investment spruiker Henry Kaye placed in the hands of receivers. A spokesman for ASIC said the commission had made an application to ...

RBA moves to increase interest rates by 25 basis points

AAP  |  WEDNESDAY, 3 DEC 2003
The Reserve Bank of Australia today moved to increase the cash rate by 0.25 percentage points to 5.25 per cent. The move, after the RBA board meeting yesterday, follows an 0.25 percentage point increase last month. The RBA said the decision comes as ...

Morning Market Wrap: Dollar pushes over 73 US cents

The Australian dollar pushed above 73 US cents in overnight trade, reaching another six-year high ahead of today's possible interest rate hike. It reached a high of 73.25 US cents in offshore trade. At 0700 AEDT the Australian dollar was trading at ...

ANZ completes acquisition of National Bank of New Zealand

AAP  |  TUESDAY, 2 DEC 2003
ANZ Banking Group Ltd said today it had completed its $5.4 billion acquisition of the National Bank of New Zealand (NBNZ). ANZ announced its plans to buy NBNZ from London-based Lloyds TSB Bank PLC in October. ANZ chief executive John McFarlane said ...