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Uncertainly certain RBA cut

BENJAMIN ONG  |  TUESDAY, 4 DEC 2012
... world's second biggest economy prevailed. And then I woke up. The Euro Stoxx-50's 1.3% rally became a mere 0.3% uptick at the close while the S&P 500 went from a plus 0.5% to a minus 0.5%. This is because the latest instalment of the ISM manufacturing ...

Market Wrap

AAP  |  TUESDAY, 4 DEC 2012
... finance ministers met for more talks on the debt crisis. London's benchmark FTSE 100 index edged up by 0.08 per cent to close at 5,871.24 points, as Britain awaits a government budget update on Wednesday along with new growth forecasts. Frankfurt's DAX ...

AMP to raise $1 billion for 2nd infra debt fund

MARK SMITH  |  MONDAY, 3 DEC 2012
AMP Capital has launched a new infrastructure debt fund to institutional investors following increasing demand from Asia, Europe and North America. The AMP Capital Infrastructure Debt Fund II (IDF) invests in the subordinated debt of infrastructure ...

Market Wrap

AAP  |  MONDAY, 3 DEC 2012
... eased 0.06 per cent. The spot price of gold in Sydney was $US1,715.10 per fine ounce, down $US15.75 from Friday's local close of $US1,730.85 per ounce. National turnover was 279.2 million securities worth $410.5 million, with 327 stocks up, 243 down ...

China: economy rising, market sinking

BENJAMIN ONG  |  MONDAY, 3 DEC 2012
They're still debating the cliff over yonder on Wall Street. And the headlines remain full of it - deal is close... no, it's not. And so it will be until the midnight hour when both sides of the US political divide shake hands, agree to kick the problem ...

Market Wrap

AAP  |  MONDAY, 3 DEC 2012
The Australian market looks set to begin the week with gains after a rise in commodity prices on Friday. World stock markets had a relatively flat end to last week, but oil and base metals prices rose, which could give a boost to Australia's major resources ...

Market wrap PM

AAP  |  FRIDAY, 30 NOV 2012
The Australian market has opened higher, led by gains for the mining giants and optimism about the US economy. At 1021 AEDT, the benchmark S&P/ASX200 index was up 20.5 points, or 0.46 per cent, at 4,498.2 points, while the broader All Ordinaries index ...

Market wrap AM

AAP  |  FRIDAY, 30 NOV 2012
... market on Thursday closed higher, buoyed by encouraging comments by US politicians about avoiding the "fiscal cliff". At close, the benchmark S&P/ASX200 index was up 30.4 points, or 0.68 per cent, at 4,477.7 points, while the broader All Ordinaries index ...

Diamond in the region

BENJAMIN ONG  |  FRIDAY, 30 NOV 2012
No flip flop today but with Europe silence (for now), Wall Street continued cliff-watching the latest development on the cliff-hanger that is the fiscal cliff. Investors even ignored the large upgrade in US third quarter GDP. Perhaps because it was ...

Vague ANZ wealth strategy disappoints

MARK SMITH  |  THURSDAY, 29 NOV 2012
... this, the division is only 200 days old and the apparent lack of drive could be interpreted as ANZ wanting to keep its cards close to its chest. "We're trying to build a distinctive regional private bank," added Philips. "We're working on a global strategy ...