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Market Wrap - Morning

AAP  |  MONDAY, 28 JUL 2008
The Australian stock market is expected to open higher after Wall St rose Friday on better-than-expected manufacturing and housing data. At 0650 AEST on the Sydney Futures exchange, the September share price index futures contract rose 24 points to ...

Market Wrap - Midday

AAP  |  FRIDAY, 25 JUL 2008
The Australian stock market was down about three per cent at noon after National Australia Bank (NAB) reported further losses related to its exposure to complex US mortgage-backed debt securities. The local bourse was also following Wall Street, which ...

Tax free pension not without trade-offs

MICHAEL HOBBS  |  FRIDAY, 25 JUL 2008
Retirees with tax free pension accounts risk missing out on certain super fund payments handed to their dependents, according to a financial planning expert. Rudy Haddad, ING Australia national manager of technical services, sales and marketing, said ...

More Weak Indicators

BENJAMIN ONG  |  FRIDAY, 25 JUL 2008
What else is new? Negative indicators on the US economy just keep on coming and business confidence in Europe is falling. The US Department of Labor reported that initial claims for unemployment benefits spiked to 406k in the week ending July 19 -- ...

This Week's Market Movers (21-25 July 2008)

BENJAMIN ONG  |  MONDAY, 21 JUL 2008
The week ahead will be a busy one, giving financial markets plenty of information to discern the near-term outlook for growth and inflation. Australia: The Australian Bureau of Statistics release of the Consumer Price Index (CPI) report for the June ...

Market Wrap - Morning

AAP  |  MONDAY, 21 JUL 2008
The Australian stock market is expected to open higher after US stocks closed on a fairly positive note on Friday following investor optimism about the troubled financial sector. At 0812 AEST on the Sydney Futures exchange, the September share price ...

US houses continue to burn

BENJAMIN ONG  |  FRIDAY, 18 JUL 2008
Market Movers Overnight The US housing market remains in a freefall. The US Commerce Department reported that housing starts increased to 1066K in June, a month-on-month rise of 9.1 percent. This was better than market expectations for a 1.8 percent ...

Astarra opens to retail investors

MICHAEL HOBBS  |  THURSDAY, 17 JUL 2008
Astarra Funds Management's balanced, conservative and growth multi manager funds are now available to retail investors for the first time in more than a decade. All three diversified funds have all been ranked in the top quartile over one, three, five ...

Northern Trust gains $1bn custody mandate

MICHAEL HOBBS  |  THURSDAY, 17 JUL 2008
US based fund administrator and custodian, Northern Trust has been selected to provide fund administration services to BH Global, a feeder fund worth more than $1 billion. BH Global only invests in the Brevan Howard Global Opportunities Master Fund ...

Insurers slow on green IT

RUTH LIEW  |  THURSDAY, 17 JUL 2008
The insurance industry may be conscious of mitigating global warming, but few insurers are truly committed to building a green IT environment, according to Datamonitor. A recent survey of 200 global insurers found that over 25 per cent of life insurers ...