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Midday Market Wrap: Dollar stronger at noon

The Australian dollar was stronger at noon, keeping overnight gains which shot it to fresh six-year highs following US dollar weakness. At 1200 AEDT the Australian dollar was trading at $US0.7232/40 compared with yesterday's close of 0.7154/59. The ...

Midday Market Wrap: Dollar weaker

The Australian dollar was weaker at noon after large US investment banks sold the local currency. At 1200 AEDT the Australian dollar was trading at $US0.7108/16 compared with yesterday's close of 0.7133/41. "It's been up to $US0.7120 and it's been down ...

New FPA chief begins her term

The Financial Planning Association's (FPA) recently appointed chief executive Kerrie Kelly began her term yesterday, replacing acting chief executive June Smith. Ms Smith has been the steward of the top job since 3 October, when former head Ken Breakspear ...

Morning Market Wrap: Investor jitters after weekend terrorist attacks

European stockmarkets suffered heavy losses today as a sell-off on Wall Street and weekend terrorist attacks in Turkey gave investors the jitters. The London FTSE 100 index fell 1.32 per cent to 4,338.9 points at the close of trading, in Paris the CAC ...

Midday Market Wrap: Momentum of dollar causes concern on market

The Australian share market weakened at noon today with investors concerned about the growing momentum of the Australian dollar as it crashed through 72 US cents today. Macquarie Equities client adviser Helen Spencer said the market was showing weakness ...

RBA gov says could be generational conflict over tax burden

AAP  |  FRIDAY, 14 NOV 2003
A potential conflict is brewing between the generations in Australia where the young may come to resent carrying the tax burden of a greying population, Australia's top banker warned today. Reserve Bank of Australia governor Ian Macfarlane said this ...

Former AMP superannuation agent jailed

A former AMP superannuation agent was sentenced yesterday in the Sydney District Court to two years and 10 months imprisonment, with a non-parole period of 15 months, in relation to charges brought by the Australian Securities and Investments Commission ...

Treasury boss pushes reforms to maintain growth

Australia's economic growth could slacken off unless reforms were introduced to boost productivity, Treasury boss Ken Henry said yesterday. In a speech to the Economic and Social Outlook Conference in Melbourne, Dr Henry said most of Australia's projected ...

Morning Market Wrap: Dollar reaches $US0.7200 overnight

At 0700 AEDT the Australian dollar was trading at $US0.7193/98 compared with yesterday's close of 0.7187/95. The local unit reached a high of $US0.7225 in New York and a low of $0.7187 in offshore trade. The Australian dollar pushed up after the US ...

Afternoon market wrap: Australian shares close firmer

WITH AAP  |  THURSDAY, 13 NOV 2003
The Australian share market closed firmer today supported by strong resources and banking sectors. ABN Amro Morgans client adviser Margaret Morrissey said strong base metal prices overnight and a perception that banks have been oversold recently helped ...