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Market Wrap - Midday

AAP  |  FRIDAY, 23 SEP 2011
... expand by about 3.3 per cent by 2012. "Earlier this year, we had the IMF saying that the Australian economy was going to grow close to double what they are saying now," Mr Daghlian said. "So after falls this year, we should rebound strongly next year... ...

Harvard defies critics with 21% return

ALEX DUNNIN  |  FRIDAY, 23 SEP 2011
... 9% and bonds 13%. "The HMC team overall is in great shape, with a strong bench of talent across all key areas, and we are close to where we need to be for the long term," noted the HMC management report.

Bulls see red

BENJAMIN ONG  |  FRIDAY, 23 SEP 2011
... decks and usher the last seller out of the building. The past two days' stock market action suggests that we are getting close - but perhaps not yet. There's still the October curse to worry about. Still, it won't hurt to start thinking about those low ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 SEP 2011
... Development of Australia luncheon. In Australia, the market on Thursday closed more than 2.6 per cent lower to its weakest close in more than two years, amid global uncertainty following big falls on Wall Street over a downgraded economic outlook. The ...

Market Wrap - Midday

AAP  |  THURSDAY, 22 SEP 2011
... economy, and painted a grim economic picture. The Dow Jones Industrial Average plummeted 283.82 points, or 2.49 per cent, to close at 11,124.84. The broader S&P 500 dropped 35.33 points, or 2.94 per cent, to 1,166.76, and the Nasdaq Composite shed 52.05 ...

Twisting the blues away

BENJAMIN ONG  |  THURSDAY, 22 SEP 2011
Twisted! This was Wall Street's reaction to the US Federal Reserve's remake of the 1961 version of US President John F. Kennedy and the then Fed's attempt to salvage America. The major US equity indices fell big time - the Dow closed 2.5% off, the S&P ...

Market Wrap - Morning

AAP  |  THURSDAY, 22 SEP 2011
The Australian market looks set to open lower after Wall Street fell almost 2.5 per cent overnight. At 0654 AEST on Thursday, the December share price index futures contract was down 95 points at 3,990. In economics news, the Reserve Bank of Australia ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 21 SEP 2011
... struggling to avert a default, awaited more talks with auditors from the IMF, European Union and European Central Bank. At close on Tuesday, London's FTSE-100 index of leading shares rose 1.98 per cent to 5,363.71 points and Frankfurt's DAX climbed 2.88 ...

Market Wrap - Midday

AAP  |  TUESDAY, 20 SEP 2011
... (headlines) decipher into future policy and these bailouts." Mr Weston said he expected the market to drift down further to close in line with recent trends, as investors awaited further direction from the US Federal Reserve's Open Market Committee two-day ...

QIC funds head departs amid restructure

MATT WOODINGTON  |  TUESDAY, 20 SEP 2011
QIC is to change the management structure of its funds management business, which will see the current head Hazel McNeilage depart the company by the end of the year. McNeilage's current position, head of funds management, will be dissolved with separate ...