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Market Wrap

AAP  |  FRIDAY, 19 APR 2013
The Australian stock market looks set to open lower after a negative finish on Wall Street. At 0800 AEST on Friday, the June share price index futures contract was 12 points lower at 4,920 points, with 4,431 contracts traded. In economics news on Friday ...

Global cooling on carbon

BENJAMIN ONG  |  THURSDAY, 18 APR 2013
If you think gold's recent swan dive was unnerving, spare a thought for those who bought carbon credits - that's where the climate change has really happened. Gold has recouped some of its losses over the past two trading sessions, but it remains 26.9% ...

Market Wrap

AAP  |  THURSDAY, 18 APR 2013
The Australian stock market looks set to open lower after a negative finish on Wall Street and slumping commodities prices. At 0800 AEST on Thursday, the June share price index futures contract was 33 points lower at 4,969 points, with 4,430 contracts ...

Pengana AEq fund reaches $227m FUM

LAURA MILLAN  |  WEDNESDAY, 17 APR 2013
The Pengana Australian Equities Fund reached $227 million in Funds Under Management (FUM) on the March quarter and achieved a return of 9.9%, net of all fees and charges. The returns beat the ASX200, which generated 8% and the RBA Cash Rate, which returned ...

Kenyon Prendeville case could be referred to ASIC

LAURA MILLAN  |  WEDNESDAY, 17 APR 2013
Pitcher Partners, the liquidators appointed to wind up financial business brokering firm Kenyon Prendeville, are considering reporting breaches to the Australian Securities and Investments Commission (ASIC) after one of the partners, Alan Kenyon, failed ...

Market Wrap PM

AAP  |  WEDNESDAY, 17 APR 2013
... in offshore trading, and the spot price of gold in Sydney was at $US1,374.10 per ounce, down $US3.00 from Tuesday's local close of $US1,377.10 per ounce. Gold stocks also rebounded, with Newcrest Mining up 15 cents at $17.15, while Kingsgate Consolidated ...

Government eyes Islamic finance growth opportunity

MARK SMITH  |  WEDNESDAY, 17 APR 2013
... well-placed to facilitate further demand for Islamic finance services," Ripoll continued. "Our geographic position places us in close proximity to large Muslim populations. Over twenty years of the Superannuation Guarantee means our financial institutions ...

Market Wrap

AAP  |  WEDNESDAY, 17 APR 2013
The Australian stock market looks set to open firmer after a positive finish on Wall Street and a rebound in commodities prices. At 0756 AEST on Wednesday, the June share price index futures contract was 33 points firmer at 4,979 points, with 4,602 ...

No problemo

BENJAMIN ONG  |  WEDNESDAY, 17 APR 2013
... momentary bout of selling once more met with dip-buyers. The S&P 500's recoup some of its 2.3% loss the previous day, up 1.4% at close...only because it ran out of trading time. Another hour and it could have completely wiped out all the damage done ...

Boston Bombs

BENJAMIN ONG  |  TUESDAY, 16 APR 2013
It started with the gold rush...to the exits, then China growth disappointment - which turned the sell gold (and other commodities) marathon into a sprint - and now this, America's attacked once more. I woke up to the news that two bombs had exploded ...