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Midday Market Wrap: Dollar, bonds rally

The Australian dollar continued to rally to noon, scoring widespread interest to buy the unit as it defied rising US stock prices and a downturn in the euro. At 1200 AEDT the Australian dollar was trading at its highs for the day so far, at $US0.7066/71 ...

Low income earners can boost retirement nest eggs: super funds

AAP  |  WEDNESDAY, 29 OCT 2003
Lower income earners could retire with up to 70 per cent more in their pension funds if they took advantage of new superannuation rules, super funds said yesterday. Independent senators last night backed the government reforms following a stalemate ...

Morning market Wrap: US Fed Reserve holds rates steady

US stocks held onto their earlier gains on Tuesday after the Federal Reserve voted to keep interest rates steady at 45-year lows, as expected. The Dow Jones industrial average was up 64 points to 9672, after briefly rising more than 80 points from Monday's ...

Afternoon Market Wrap: $A closes above 70 cents, Nikkei edges higher

The Australian dollar closed well above 70 US cents today, buoyed by very strong world commodity prices and a wide interest rate differential with the United States. At 1700 AEDT the Australian dollar was trading at $US0.7030/34 compared with yesterday's ...

Midday Market Wrap: Market slips into negative

The Australian share market slipped into negative territory at noon weighed down by the weakening bank sector. At 1210 AEDT, the benchmark S&P/ASX 200 index was 1.2 points lower at 3243.2 while the all ordinaries eased 0.2 of a point to 3254.7. On the ...

Morning Market Wrap: Exporter demand drives up dollar

The Australian dollar opened stronger across the board today, edging well above the $US0.7000 level after gaining ground from exporter demand, an analyst said. At 0700 AEDT the Australian dollar was trading at $US0.7046/51 compared with yesterday's ...

Afternoon market wrap: Shares continue to lose ground

WITH AAP  |  FRIDAY, 24 OCT 2003
The Australian share market closed in the red, with interest focused on news that ANZ Banking Group had reached agreement to acquire the National Bank of New Zealand (NBNZ). The benchmark S&P/ASX 200 index closed down 10.1 points at 3256.2 while the ...

Midday Market Wrap: Dollar gets handle over 70 US cents

AAP  |  FRIDAY, 24 OCT 2003
The Australian dollar was weaker at noon but had managed to get a handle back above 70 US cents after some overnight losses. At 1200 AEST the Australian dollar was trading at $US0.7013/19 compared with yesterday's close of 0.7035/38. The local unit ...

ASX gives no tips on new CEO

AAP  |  FRIDAY, 24 OCT 2003
Australian Stock Exchange Ltd (ASX) chairman Maurice Newman has left options wide open for finding a replacement for outgoing chief executive Richard Humphry. Mr Newman said he would prefer the new chief executive to come from within current company ...

Morning Market Wrap: Rise expected after mixed night on Wall Street

The Australian share market is likely to move higher despite a mixed night on Wall Street overnight. In the US stocks ended mixed, with the Nasdaq finishing lower and the Dow Jones recouping early losses to close firmer. By 0638 AEST on the Sydney Futures ...