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Market Wrap

AAP  |  MONDAY, 24 SEP 2012
... were steady at $5.85. The spot price of gold in Sydney was $US1,768.10 per fine ounce, down $US6.10 from Friday's local close of $US1,774.20 per ounce. National turnover was 329.1 million securities worth $450.2 million, with 269 stocks up, 296 down ...

No BO news till elections please?

BENJAMIN ONG  |  MONDAY, 24 SEP 2012
You just gotta love the financial markets -- they don't run out of things to speculate about. With QE speculation over, the guessing game has shifted to whether or not QEs will work to bring back animal spirits and lead to a longer lasting and durable ...

Market Wrap - morning

AAP  |  MONDAY, 24 SEP 2012
... YORK - US stocks pared early gains and closed barely changed, with little concrete news for investors to grab onto. At the close of trade on Friday, the Dow Jones Industrial Average was down 17.46 points (0.13 per cent) at 13,579.47. The S&P 500 lost ...

ATO stands up for compliant SMSFs on levy use

MELANIE TIMBRELL  |  FRIDAY, 21 SEP 2012
ATO assistant commissioner Stuart Forsyth has told an industry event it is unfair compliant SMSFs have to see a portion of their levy go towards catching out those funds which do not operate properly. Forsyth said the current open registration system ...

Market wrap - morning

AAP  |  FRIDAY, 21 SEP 2012
... economic giant, while enthusiasm waned over the Bank of Japan's economic stimulus package. Shanghai tumbled 2.08 per cent to close at 2,024.84 points - its lowest since February 2009, at the height of the global financial crisis. Hong Kong slid 1.20 ...

Market Wrap

AAP  |  FRIDAY, 21 SEP 2012
... economic giant, while enthusiasm waned over the Bank of Japan's economic stimulus package. Shanghai tumbled 2.08 per cent to close at 2,024.84 points - its lowest since February 2009, at the height of the global financial crisis. Hong Kong slid 1.20 ...

Family businesses provide engine for recovery

MELANIE TIMBRELL  |  FRIDAY, 21 SEP 2012
... companies across 33 countries highlighted the relatively strong performance despite the hostile market environment, with close to 60% reporting revenue growth of 5% or more in the prior year. Overwhelmingly, the key to resilience was seen as a long-term ...

Market Wrap

AAP  |  THURSDAY, 20 SEP 2012
Australian stocks have opened lower despite gains on overseas markets. At 1028 AEST on Thursday, the benchmark S&P/ASX200 index was down 17.5 points, or 0.4 per cent, at 4,400.9 points, while the broader All Ordinaries index had fallen 16.2 points ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 SEP 2012
... finished at its highest level since the start of May, driven up by news of a major Japanese economic stimulus program. At the close of trade on Wednesday, the benchmark S&P/ASX200 index was up 23.7 points, or 0.54 per cent, at 4,418.4, while the broader ...

Goldman Sachs CFO to retire

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
... on Wall Street, said Goldman Sachs in its statement. The announcement was made after shares of Goldman slipped 2 cents to close at $119.88. The stock lost another 3 cents, to $119.85, in after-hours trading, reported AAP.