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Morning Market Wrap: US key indices up

The Australian share market is likely to make moderate gains at the open following a mild increase in key United States indices on Friday. By 0708 AEST on the Sydney Futures Exchange the December share price index contract, a key indicator of trading ...

Australia looks for free trade deal with US; Thailand deal announced

AAP  |  MONDAY, 20 OCT 2003
Australian business is hoping US President George W Bush will commit to a free trade agreement between America and Australia when he addresses federal parliament on Thursday. "We will be looking to President Bush to signal that the final stages of the ...

Afternoon market wrap: Shares end slightly lower

The Australian share market remained slightly weaker in the afternoon session, following a quiet night in major US markets. The All Ordinaries index ended the day at 3301.4, less than one point down on last night's local close. AMP was trading 9c higher ...

Midday Market Wrap: Resources pull back

The Australian share market remained weaker at noon, following a lacklustre session on Wall Street overnight. Resources stocks have pulled back from yesterday's gains while some banking stocks have gained ground in the overall weaker market. At 1200 ...

AMP releases demerger plan

AAP  |  FRIDAY, 17 OCT 2003
Troubled financial services group AMP Ltd yesterday forecast higher profits as it received the all clear to release a hefty document outlining its demerger plan. In the 629-page explanatory memorandum, AMP predicted its Australian operations will lift ...

Morning Market Wrap: Dollar strong after volatile night

The Australian dollar opened stronger today after a volatile night where it was pulled down by the euro. At 0700 AEST the Australian dollar was trading at $US0.6881/86 compared with yesterday's close of 0.6878/84. In overnight trading the local unit ...

AXA says NAB-AMP entity a "threat, but also an opportunity"

AAP  |  THURSDAY, 16 OCT 2003
AXA Asia Pacific Holdings chief executive Les Owen said today a National Australia Bank Ltd takeover of AMP Ltd would be considered a "threat but also an opportunity" for his financial services company. "A threat because simply a merged NAB-AMP would ...

Midday Market Wrap: US dollar rebound flattens dollar

The Australian dollar has fallen half a US cent to noon, weighed down by a continued rebound in the US dollar. At 1200 AEST the Australian dollar was trading at $US0.6874/79 compared with yesterday's close of 0.6920/23. The currency was on the back ...

AMP halts securities trading, announces profit expectation

Late last night, AMP Ltd announced its intention to request a trading halt today, for its securities from the Australian Stock Exchange (ASX) and New Zealand Stock Exchange (NZX). AMP's Explanatory Memorandum (EM) is currently being reviewed by the ...

ANZ launches proceedings over NHB insurance recovery

ANZ has issued proceedings in the Victorian Supreme Court regarding ANZ's $130 million insurance claim, consequent upon settlement in January 2002 of its former subsidiary Grindlays Bank's 1992 dispute with India's National Housing Bank (NHB). The proceedings ...