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Market wrap - midday

AAP  |  FRIDAY, 8 DEC 2006
The Australian share market was weaker at noon, following a soft lead from Wall Street with traders sitting on the sidelines ahead of the latest US economic data tonight. At 1200 AEDT, the benchmark S&P/ASX200 index was down 20.6 points to 5444.6, while ...

Daily economic round-up

PETER BELL  |  FRIDAY, 8 DEC 2006
The momentum in the economy continues to supply jobs with an extra 36,200 being added to the national total of employed persons which is now 10,288,700. Importantly, 57,400 full-time jobs were added continuing the trend of the last year though the number ...

Manage risks not returns

ALEX DUNNIN  |  WEDNESDAY, 6 DEC 2006
Investment managers will guarantee their long-term survival if they focus first on managing risks rather than returns, as good returns will almost always follow sound risk management practices. Speaking at the Investment Management Consultants Association ...

GDI Property aiming for big returns from small portfolio

HAMISH MADDEN  |  WEDNESDAY, 6 DEC 2006
... small number of high potential office property assets with opportunities for repositioning, strata titling, re-leasing or sale. The fund will target an average total return of 15 per cent per annum over the medium term and the fund's portfolio has been ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 6 DEC 2006
The Reserve Bank of Australia announced that it will not lift the cash rate from its present level of 6.25 per cent. This may be seen as a consequence of further evidence of a slowing national economy as retail sales remain flat, new motor vehicle sales ...

FinLit database to identify gaps and overlaps

ALEX DUNNIN  |  TUESDAY, 5 DEC 2006
Following the launch of the UnderstandingMoney campaign, the Financial Literacy Foundation is now setting up a database of financial literacy programs while also expanding its programs into vocational education. The Foundation is also now compiling ...

IPO activity at record levels: Deloitte

HAMISH MADDEN  |  TUESDAY, 5 DEC 2006
... market, including most recently the $100 million plus IPO of Australian Temporary Fencing which was withdrawn in favour of a sale to private equity." And IPOs proved lucrative for investors. The average share price appreciation after listing was 43 per ...

Daily economic round-up

PETER BELL  |  MONDAY, 4 DEC 2006
New evidence about the state of the US economy suggests that the soft landing scenario that most have been expecting is showing signs of being a little harder than anticipated. The Institute for Supply Management's manufacturing index decreased from ...

Daily economic round-up

PETER BELL  |  FRIDAY, 1 DEC 2006
Australian retails sales data just released by the ABS shows that over the last month there was a 0.8 per cent increase on a seasonally adjusted basis following the revised increase of 0.3 per cent in September and a 0.2 increase in August. Western ...

Daily economic round-up

PETER BELL  |  THURSDAY, 30 NOV 2006
ABS international trade data shows that Australia's trade imbalance increased in October by $535 million on the revised September figure to tally to a deficit of $1.26 billion. Exports rose by about 2 per cent to $18,047 million whereas imports rose ...