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Morning Market Wrap: Gains expected on ASX

The Australian share market is likely to continue its recent gains, following a strong lead from offshore markets overnight. By 0718 AEST on the Sydney Futures Exchange the December share price index contract, a key indicator of trading for the day ...

Dollar consolidates ahead of $US0.70 push

AAP  |  FRIDAY, 10 OCT 2003
The Australian dollar shot closer to six-year highs this week, riding on a strong economy and weak US dollar, and is expected to push towards $US0.7000 in the short term. The local currency broke through the $US0.6850 resistance level this week, reaching ...

Home lending bounces back in August: ABS

AAP  |  FRIDAY, 10 OCT 2003
The number of home loans issued bounced back in August, new figures showed today, driven by rising numbers of homebuyers refinancing their properties. The Australian Bureau of Statistics (ABS) said housing finance in the month rose 2.1 per cent, following ...

Midday Market Report: Resource sector boosted by metal prices; bonds open weaker

The Australian share market moved ahead at noon today as strong metal prices overnight boosted the resources sector. News Corp helped drive the bourse after the tech-laden Nasdaq closed at its highest level in 19 months. AMP was another strong performer ...

AMP shares placed in trading halt in NZ

AAP  |  FRIDAY, 10 OCT 2003
Shares in financial services company AMP were placed in a trading halt shortly before the New Zealand Exchange opened today. Trading in the shares was suspended pending an announcement, the NZX said in a statement. AMP shares closed yesterday at NZ$7.70. ...

Morning Market Wrap: International markets gain; Dollar weaker

The Australian share market is likely to move higher following gains in international markets overnight. By 0738 AEST on the Sydney Futures Exchange the December share price index contract, a key indicator of trading for the day ahead, was six points ...

ASX welcomes proposed fines

AAP  |  THURSDAY, 9 OCT 2003
The Australian Stock Exchange has welcomed a federal government proposal to give the corporate regulator the power to fine companies who fail to keep markets properly informed. Under proposed changes to corporate laws announced yesterday, the Australian ...

Some CLERP rules "excessively prescriptive"

AAP  |  THURSDAY, 9 OCT 2003
Some rules contained in the CLERP 9 legislative package were "excessively prescriptive", PricewaterhouseCoopers chief executive Tony Harrington warned today. The federal government's proposed changes to corporate laws were announced yesterday. "In general ...

Investa ups distribution forecast

AAP  |  THURSDAY, 9 OCT 2003
Listed property trust Investa Property Group Ltd has upped its distribution forecast for 2003/04 to 16.5 cents. The group had previously forecast the full year distribution to be 16.2 cents per unit. Investa chairman Ian Payne told unitholders at the ...

Midday Market Wrap: Dollar up after employment announcements

The Australian dollar shot back towards near six year highs in response to a rise in the nation's employment level in September. The domestic unit bounced from $US0.6902 prior to the 1130 AEST announcement of the data to $US0.6927 at 1139 AEST, fractionally ...