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Morning Market Wrap: Dollar sinks below $US0.7000

The Australian dollar sank below $US0.7000 overnight as the United States dollar swept to strength on the back of a resurgent US manufacturing sector. The Australian dollar slumped by nearly a full US cent in New York following manufacturing data at ...

Afternoon market wrap: Banks lead local shares lower

The Australian share market closed in negative territory today weighed down by the banking, retail and media sectors. After starting the day on a positive note the benchmark S&P/ASX 200 index lost 1.8 points to 3272.0, while the all ordinaries was down ...

ASIC announces probe into Offset Alpine Printing

The Australian Securities and Investments Commission (ASIC) has been quick to act on a report in the Australian Financial Review outlining the sale of a parcel of shares in Offset Alpine Printing, with the securities watchdog today announcing a formal ...

Midday Market Wrap: Dollar weaker; ASX retreats from early gains

The Australian dollar was weaker at noon, dropping back towards $US0.7000 after trading in a tight range amid a lack of interest, a trader said. At 1200 AEDT the Australian dollar was trading at $US0.7028/33 compared with yesterday's close of 0.7052/62. ...

PM flags tax cuts for high income earners

AAP  |  FRIDAY, 31 OCT 2003
Prime Minister John Howard has again flagged tax relief for workers hit by the top tax bracket. He said the top tax rate, hitting people earning $62,500 and above, came in at too low a level but raising that would be dependant on whether money was available ...

Morning Market Report: US GDP surges at 7.2%; Dollar hits $US0.7100 overnight

US stocks rose on Thursday afternoon as investors welcomed surprisingly strong growth in the US economy. The market spiked briefly in early trading after a report showed US gross domestic product surged at a 7.2 per cent annual rate in the July-September ...

Afternoon market wrap: Local shares close higher

The Australian share market delivered a solid performance to finish higher today, driven by gains in resource stocks. The benchmark S&P/ASX 200 index closed up 10.4 points at 3273.8, while the all ordinaries added 9.9 points to 3284.6. In resources ...

Perpetual's WealthFocus platform goes live

Perpetual Investments' multi-manager retail platform, WealthFocus, has come into operation with products and services 'going live' as of yesterday. WealthFocus offers financial advisers and their clients over 50 single manager and multi-manager funds ...

Midday Market Wrap: Dollar weak waiting for US GDP results

The Australian dollar was weaker at noon after the United States dollar strengthened overnight in anticipation of a strong third quarter US gross domestic product (GDP) reading tonight. At 1200 AEDT the Australian dollar was trading at $US0.7029/32 ...

Morning Market Wrap: Soft start

The Australian sharemarket is likely to follow the soft lead higher from Wall St overnight, with the focus on Westpac Bank's annual results and a raft of annual general meetings. In New York, the Dow Jones moved slightly ahead, as investors paused after ...