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Market Wrap - Morning

AAP  |  THURSDAY, 17 JUL 2008
The Australian stock market is expected to open higher after another steep fall in the oil price eased cost concerns in the US and helped drive Wall St over 2.5 per cent higher. On the Sydney Futures exchange, the September share price index futures ...

Fed Gloom

BENJAMIN ONG  |  WEDNESDAY, 16 JUL 2008
Market Movers Overnight (16 July) Fed Gloom US Federal Reserve Chairman Ben Bernanke's testimony before the US Congress last night catapulted the Australian dollar to a 25-year high in overnight trading. The Australian dollar broke above the US$0.9800 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 16 JUL 2008
The Australian stock market is expected to open lower after US stocks sank on lingering concerns about the health of the US financial system, fanned by troubles at large mortgage financiers Freddie Mac and Fannie Mae. Local energy stocks are expected ...

Great Southern shrinks as sales drop

RUTH LIEW  |  MONDAY, 14 JUL 2008
Great Southern's $100 million fall in sales June 30 this year has seen the firm's management embark on a massive cost cutting exercise. David Ikin, communications manager of the listed company, confirmed the sales of Great Southern's managed investment ...

This Week's Market Movers (14-18 July 2008)

BENJAMIN ONG  |  MONDAY, 14 JUL 2008
Macroeconomic indicators set for release this week are not expected to deviate from the ongoing global theme of slowing growth and higher inflation. Australia Reserve Bank of Australia (RBA) Governor Glenn Stevens address on the "Challenges for Economic ...

Market Wrap - Morning

AAP  |  FRIDAY, 11 JUL 2008
The Australian share market is expected to open higher today after US equities gained overnight on reports Dow Chemical will takeover a rival firm and a better-than-expected sales report from retail titan Wal-Mart. Gains in the gold and oil price overnight ...

FPA backs 'advice within super' review

MICHELLE BALTAZAR  |  THURSDAY, 10 JUL 2008
The industry group representing majority of the financial planners in the country welcomed the government's call for a review of the superannuation system. The Financial Planning Association of Australia (FPA) has said it will actively participate in ...

Market Wrap - Midday

AAP  |  THURSDAY, 10 JUL 2008
The Australian share market remained weaker at noon, but had recovered slightly from its lows, after a negative lead from the US led local stocks lower this morning. At 1200 AEST, the benchmark S&P/ASX200 index had lost 84.4 points, or 1.68 per cent ...

Barclays emits carbon trading ETN

MICHAEL HOBBS  |  WEDNESDAY, 9 JUL 2008
Barclays Bank PLC launched the iPath Global Carbon Exchange Traded Note (ETN) on the NYSE Arca stock exchange to provide investors with exposure to greenhouse gas emission trading schemes. The iPath ETN is linked to Barclay's Capital Global Carbon Index ...

Market Movers Overnight: Bernanke's speech

BENJAMIN ONG  |  WEDNESDAY, 9 JUL 2008
Last night US Federal Reserve Chairman Ben Bernanke spoke before the Federal Deposit Insurance Corporation's Forum in Arlington, Virginia, where he stressed that the Fed remains committed to financial stability and that the US Central Bank may extend ...