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Afternoon market wrap: Shares jump in late trade

... surprising improvement in Japanese corporate sentiment in the June quarter. Local gains were broad-based, with the major banks all posting solid rises on the day. The bond market ended mixed, with yields at the short end rising on growing speculation ...

Australians investing more directly in shares: ABS data

... 2003. The Bureau said households borrowed an additional $21.7 billion in the March quarter, more than half of which was from banks. Total household liabilities subsequently stood at $663.7 billion at the end of March. By contrast, the value of financial ...

Fitch says banks could handle housing downturn: survey

The residential housing market faces an exaggerated downturn but Australian banks look well placed to handle the consequences, according to a new report released by Fitch ratings today. Fitch said household debt appeared to be continuing its "inexorable ...

Midday market wrap: Australian shares open lower

... expected by some investors. Local declines were broad-based, led by a 1.7% decline in the consumer discretionary sector. The banks also were trading lower. The Australian dollar was trading at $US0.6680, up almost half a cent from last night's close. ...

Afternoon market wrap: All Ordinaries slightly lower

... slightly in trading as most majors stocks dipped slightly in trading during the day. In particular, Telstra, several major banks, AMP and Qantas all had negative returns in trading. The dollar was also trading slightly lower today at US$0.663 as investors ...

KPMG survey reveals finance companies' 2002 struggle

WITH AAP  |  WEDNESDAY, 25 JUN 2003
... growth and cost cutting initiatives," Mr Nash said. He said finance companies struggled to get the same growth as the major banks, though in some cases they were financing acquisition of assets that banks and other providers do not pursue with the same ...

BNP Paribas launches integrated global securities service

... investment managers, super funds and trustees," said Gail Burke, head of BNP Paribas Securities Services in Australasia. The two banks amalgamated in May 2000 and are the largest in France and manage $1 billion in pooled and individually managed funds ...

Morning market wrap: Data spurs strong gains in US stocks

... 22.2 points (2.3%) to 1,010.9. The Nasdaq climbed 40.1 points, closing at 1,666.6. The UK market also closed higher, with banks and telecoms pushing the FTSE 18.8 points higher to 4,152.9. Meanwhile, stronger economic data and rising stocks helped the ...

Afternoon market wrap: Australian shares end off highs

... interest rate cuts. Gains in the local market were paced by materials (up 1.0%) and consumer discretionary (up 1.5%). The banks also generally posted rises on the day. The Australian dollar continued to trade in a tight range, although the local currency ...

Terrain Australia appoints Ted Johnson as interim CEO

Financial services group Terrain Australia (TER) has appointed Ted Johnson as its interim chief executive officer. Johnson was previously the managing director of BankSA for four years and has also held several senior positions with the ANZ Bank for ...