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Average weekly earnings growth slows in August: ABS

AAP  |  THURSDAY, 13 NOV 2003
Wage growth slowed in the three months to August, new figures showed today, with the average paypacket now $928.60 a week. Hourly rates of pay rose just 0.6 per cent in the August quarter, from 2.5 per cent in the previous quarter, the Australian Bureau ...

Midday Market Wrap: Market boosted by healthy offshore gains

The Australian share market remained higher at noon, boosted by healthy gains on offshore markets overnight. At 1206 AEDT, the benchmark S&P/ASX 200 index was 13.9 points higher at 3216.9 while the all ordinaries index gained 12.5 points to 3229.9. ...

Business lending may not match home loan slump: KPMG

AAP  |  THURSDAY, 13 NOV 2003
Banks could struggle to make up for a slowdown in mortgage growth by increasing loans to businesses, according to financial services group KPMG. Australia's big banks have pinned their hopes on an upswing in business lending to counter a slowdown in ...

Labor's Latham urges banks to cut fees and charges

WITH AAP  |  THURSDAY, 13 NOV 2003
Banks should cut fees and charges as they continue to rake in massive profits, according to Labor's treasury spokesman Mark Latham. Australia's Big Four banks are raking in profits at the rate of over $1 million every hour of every day. National Australia ...

Morning Market Wrap: Dollar stronger after hitting new six-year high

The Australian dollar opened stronger today after hitting another new six-year high of $U0.7190 in New York overnight. At 0700 AEDT the Australian dollar was trading at $US0.7181/86 compared with yesterday's close of 0.7145/50. The local unit reached ...

Afternoon market wrap: Australian stocks edge higher

The Australian share market closed slightly higher today due to a strong performance in the banking sector. The benchmark S&P/ASX 200 index edged 2.4 points higher to 3203.0 while the all ordinaries index dipped 0.3 of a point to 3217.4. Macquarie Equities ...

Morning Market Wrap: Market opens low

In Sydney today, Westpac/Melbourne Institute will release its November consumer confidence survey while the Australian Bureau of Statistics' September quarter wage cost index and lending finance data are due. The Australian stock market dropped by nearly ...

Afternoon market wrap: Australian stocks close lower

WITH AAP  |  TUESDAY, 11 NOV 2003
AMP dropped another three per cent or 20 cents to $6.20 as NAB kept silent on its takeover intentions for the financial services group. Media stocks were also depressed, with News Corp sliding 46 cents to $12.63 and its preferred scrip losing 39 cents ...

Midday Market Wrap: Dollar maintains overnight gains

The Australian dollar was stronger at noon and maintained overnight gains in line with strong fundamentals. At 1200 AEDT the Australian dollar was trading at $US0.7155/60 compared with yesterday's close of 0.7117/22. It reached a high of $US0.7160 and ...

Government says tax reforms will assist public private partnerships

AAP  |  TUESDAY, 11 NOV 2003
Federal tax reforms targeting joint ventures between governments and private investors should ensure benefits go to the parties who bore the economic risk of a project, a business conference was told yesterday. Federal Treasury business income general ...