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Morning market wrap: US stocks trail lower overnight

The Dow Jones index and Nasdaq trailed lower in trading yesterday, with both indices losing over one per cent in value, whilst stocks in London also trailed lower by over 0.68%. The Australian dollar is a tad under the US$0.68 mark and is expected to ...

AACo injunction to face Federal Court today

WITH AAP  |  FRIDAY, 19 SEP 2003
An injunction lodged by Peter Holmes a Court's Australian Agricultural Co (AACo) Ltd over the sale by AMP Ltd of Stanbroke Pastoral Co will be sought in the federal court at noon today. The hearing before Justice Michael Moore will be the first part ...

Afternoon market wrap: All Ords dragged down by CBA news

Tokyo share prices fell 0.86 per cent today in what dealers said was a technical correction to the market's recent sharp rise. The Tokyo Stock Exchange's Nikkei-225 index dropped 94.90 points to end at 10,938.42. The Australian stock market ended its ...

Midday market wrap: Japanese stocks rise to fresh highs

AAP  |  FRIDAY, 19 SEP 2003
Japan's Nikkei average rose in Friday trade to a fresh 15-month high after positive economic data bolstered views that the U.S. economic recovery is gaining speed and sent U.S. blue chip shares to 15-month highs. Trading on the Australian stock market ...

Afternoon market wrap: Nikkei stock average closes high after peaking earlier

The Nikkei Stock Average of 225 issues closed at 10,990.11 points on the Tokyo Stock Exchange today, up 103.08 points, or 0.95 percent, from yesterday. This is after the average broke through 11,000 to a 15-month high earlier in the day, after a rise ...

Midday market wrap: All Ords drift in the wake of US markets

The Australian share market at noon continued to drift between positive and negative territory in the wake of uninspiring trading on the United States market and only a smattering of local corporate news. Miners BHP Billiton and Rio Tinto and telco ...

Australia's current unemployment rate compares favourably with OECD average

Australia's current unemployment rate, announced at a 13-year low 5.8 per cent yesterday by the Australian Bureau of Statistics (ABS), is far lower than the standardised unemployment rate of 7.2% (July 2003) for the Organisation for Economic Cooperation ...

Democrats round on government portability regulations

Although striking a deal to introduce limited co-contributions and reduce the superannuation surcharge, and thus emerging as a key player in the retirement savings policy debate, the Australian Democrats have again attacked the government's superannuation ...

Airlines wait for NZCC response

Air New Zealand and Qantas are waiting on a "crucial" ruling by New Zealand's Commerce Commission (NZCC) before deciding how to best pursue their proposed alliance, Air NZ said today. Yesterday the Australian Competition and Consumer Commission (ACCC) ...

Midday market wrap: $A firmer but bonds weaker

The Australian dollar was marginally firmer but had unravelled a good deal of its offshore gains to noon. At 1200 the Australian dollar was trading at $US0.6476/81 compared with yesterday's close of 0.6475/80. The Australian currency hit a two-week ...