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Morning market wrap: Dow Jones ends losing streak

Shares in the US picked up 25.07 points on the Dow Jones index after US Federal Reserve chairman Alan Greenspan indicated to the US Congress' Joint Economic Committee that it would "not be unreasonable" to expect a pick-up in economic growth. Shares ...

Midday market wrap: All Ordinaries heads north

Gains across the major banks helped lift the All Ordinaries index to a 16.10 point gain by lunch. Westpac led the way, adding $0.17 to stand at $15.82. News Corp was also a strong performer, rising by $0.22 to $11.15. Troubled trans-Tasman financial ...

Midday market wrap: Tower plunges 32.7% after loss warning

Trans-Tasman financial services group Tower plummeted 32.7% during the morning session as anxious investors dumped the stock after the company flagged a likely half-year loss in excess of NZ$180 million ($161 million) when it releases its half-year ...

Morning market wrap: Terror alert unnerves Wall St

The Dow Jones index recorded its third consecutive day of losses-albeit fractional-as the US government raised its terror alert to 'orange' following recent attacks in Saudi Arabia and Morocco. The warning came as Steve Kaseta, vice president of Boston-based ...

Crean reaffirms opposition to Telstra sell-off

Opposition Leader Simon Crean has said that he is committed to ensuring there will be no further Telstra sell-off, following today's statement from the telco giant that it would not slash 4,000 jobs or cut capital spending by up to 20 per cent this ...

Midday market wrap: Promina breaks $2.00, AMP edges lower

Shares in newly-listed Promina traded above the $2.00 mark in the morning session, a hefty premium to the $1.70 originally set as the retail price upon listing. The news was less encouraging for AMP, which continued to hover just above the $5.00 mark ...

S&P downgrades AMP Group Holdings' rating to BBB+

Standard & Poor's has downgraded AMP Group Holdings Limited - the guarantor of the AMP Income Securities - to BBB+ from A-, and removed it from CreditWatch. The AMP Income Securities rating has also been lowered, to BBB- from BBB. These downgrades follow ...

Morning market wrap: US shares continue to fall

The Dow Jones index suffered a second consecutive day of modest losses as softer consumer sentiment for the month of April followed on from renewed fears of the global terrorist threat-sparked by the suicide attack in Saudi Arabia. Domestically, AMP ...

Tax amendments set to improve Australia-US investment: Costello

Opportunities for increased trade and investment flows between the United States and Australia will be improved as a result of amendments to the Double Tax Treaty between the two countries, Federal Treasurer Peter Costello has announced. An amendment ...

Morning market wrap: Dow Jones at four-month high

The Dow Jones recorded its second day of strong gains as investors continued where they left off on Friday, lifting the index to its highest point since mid-January. Technology stocks were the prime movers and the Nasdaq index has now climbed by over ...