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Market Wrap - Midday

AAP  |  FRIDAY, 11 NOV 2011
... circuit-breaker any time soon," Mr Esho said. "European debt issues will continue to weigh on the market. "I think we'll close mildly positive." On Wall Street on Thursday, stocks rebounded amid signs that Italy and Greece were moving to form new governments ...

AMP Capital scores 1 billion euro Irish mandate

ELISE BURGESS  |  FRIDAY, 11 NOV 2011
Irish Life Investment Managers has appointed AMP Capital as investment manager of its new infrastructure fund seeking up to 1 billion euro from global and Irish institutional investors, with the National Pensions Reserve Fund already committing 250 ...

Market Wrap- Morning

AAP  |  FRIDAY, 11 NOV 2011
SYDNEY - The Australian market looks set to open higher after Wall Street showed good gains overnight. At 0830 AEDT on Friday, the December share price index futures contract was up 22 points at 4286. No major economics is expected on Friday. In equities ...

Challenger's Stevens resigns, names successor

ELISE BURGESS  |  THURSDAY, 10 NOV 2011
Challenger chief executive, Dominic Stevens, will step down in February next year with the group's chief financial and operating officer, Brian Benari, today named chief executive designate. After nine years with Challenger, Stevens will remain as chief ...

Market Wrap - Morning

AAP  |  THURSDAY, 10 NOV 2011
... optimism Europe is making progress with its debt crisis. The NZX 50 rose 2.32 points, or 0.1 per cent, to 3,353.56, the highest close since October 11. Within the index, 18 shares rose, 14 fell and 18 were unchanged. Turnover was $NZ116.5 million ($A89.91 ...

Arrivederci Berlusconi Ciao

BENJAMIN ONG  |  WEDNESDAY, 9 NOV 2011
... 10-year bond yields hit 6.77% last night. This is a 14-year high but what's more alarming is that it's getting uncomfortably close to the 7% bailout mark. According to RBC, "Shortly after hitting this particular benchmark, Ireland and Portugal found ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 NOV 2011
... be needed to help Italy cut its debt load and avoid sinking into a debt crisis. Yields on Italian government bonds spiked close to seven per cent Tuesday, a sign that markets are questioning the country's ability to pay its debt. Unlike Greece, Portugal ...

Market Wrap - Midday

AAP  |  TUESDAY, 8 NOV 2011
... Westfield was steady at $7.72. The spot price of gold in Sydney was $US1,791.80 per ounce, up $US21.625 from Monday's local close of $US1,770.175. Gold miner Newcrest said it would issue $US1 billion ($A966 million) in 10- and 30-year bonds to repay ...

Buy the headline, sell the headline

BENJAMIN ONG  |  TUESDAY, 8 NOV 2011
... but all is not lost. The headlines turned less gloomy allowing Europe to claw back some of its losses and Wall Street to close on the up. "Eurozone leaders to meet again amid fears bail-out fund is too small" (The Telegraph). Yes, Europe's answer to ...

Market Wrap - Midday

AAP  |  MONDAY, 7 NOV 2011
... Computershare, one of the stocks in the sector, was up 14.25 per cent, or $1.04, at $8.34 after the company said it was free to close the acquisition of the share owner services business of the Bank of New York Mellon. Also making news, explosives maker ...