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Market wrap

AAP  |  TUESDAY, 25 MAY 2004
The Australian share market is likely to track sideways after a lacklustre session on Wall St overnight, but stronger commodities prices could drive resources stocks higher. In New York, key indices ticked in both directions. The broad Standard & Poor's ...

Equity, bond and commodities all down in April: Mercer

Most equity, bond and commodity markets fell in April, the latest Mercer Sector Survey has revealed. Mercer attributed the general fall to signs of potential future rate hikes in the US, continued instability in the Middle East and the Chinese government ...

Retail managed funds grew by 3.2% in March Quarter: Assirt

Assirt Research has released its 2004 March quarter market share report measuring the size of the managed funds market. The report found the value of the retail managed funds market increased by 3.2% during the quarter to $277.2 billion from $268.5 ...

Macquarie Airports: Sydney Airport traffic up 17.6% in April

Macquarie Airports said today traffic at Sydney airport rose 17.6% in April, compared to the previous corresponding period. Domestic and regional traffic was up 12.2% at the airport in April while international traffic was up 29.9% compared to the previous ...

NAB to undertake debt raising

National Australia Bank confirmed on Friday it will conduct a series of subordinated debt raisings as part of its annual debt raising program. NAB said it is carrying out the debt raisings in order to meet the new capital requirements set by the corporate ...

Aust business conditions broadly unchanged in April - NAB

Australian business conditions remained broadly unchanged in April but may be improving, with renewed strength evident in manufacturing and services, a new survey has shown. National Australia Bank's latest monthly business survey pointed to a stabilisation ...

ANZ receives RBNZ agreement for amalgamation of NBNZ

ANZ Bank today announced it had received written advice from the Reserve Bank of New Zealand confirming its forthcoming consent for legal amalgamation of ANZ New Zealand and The National Bank of New Zealand (NBNZ). The Reserve Bank of New Zealands formal ...

RBA likely to lift rates once more this year: Economists

Australia's central bank looks like it will lift rates one more time this year, economists said today, after the Reserve Bank of Australia released its May 2004 quarterly monthly statement. In its statement, the central bank said the medium-term risks ...

News Corp in talks with Liberty ? Now clearer and muddier

AAP  |  FRIDAY, 7 MAY 2004
Are they in talks? Are they not? Apparently they are. A fortnight ago Liberty Media's John Malone told the UK's Financial Times newspaper he was in "fairly active" talks with Rupert Murdoch about buying some of News Corp's media businesses. Mr Malone ...

Costello says ninth Budget to produce surplus

AAP  |  THURSDAY, 6 MAY 2004
Treasurer Peter Costello said today his ninth budget, to be handed down next week, would produce a surplus and continue the government's tradition of sensible economic management. Some economists have raised concerns that hefty election year spending ...