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Market Wrap - Morning

AAP  |  TUESDAY, 1 MAY 2012
... positive lead from Wall Street as dealers look ahead to the release of key economic data and European elections over the next week. Seoul put on 0.34 per cent, or 6.64 points, to 1,981.99 while Hong Kong climbed 1.70 per cent, or 352.76 points, to 21,094.21. ...

Less tax appeal for high income earners in super

MELANIE TIMBRELL  |  MONDAY, 30 APR 2012
High-income earners are set to see superannuation tax concessions cut in next week's budget. The move to increase tax on concessional contributions to 30% is likely to affect the approximately 128,000 Australians who earn more than $300,000 a year. ...

Market Wrap

AAP  |  THURSDAY, 26 APR 2012
... media stocks were punished after Seven West Media's shock earnings downgrade left investors and analysts wondering where the next profit warning will come from. Seven West shares opened 17.3 per cent lower at $3.12. Fairfax media shares were 2.8 per ...

Market Wrap

AAP  |  TUESDAY, 24 APR 2012
... Reserve Bank of Australia (RBA) has indicated that it would likely cut the cash rate from 4.25 per cent to 4.0 per cent at its next board meeting, on May 1, if inflation figures were benign. "It certainly looks like we could have a rate cut," Mr Smith ...

No surprise in surprises

BENJAMIN ONG  |  TUESDAY, 24 APR 2012
Hands up all those who thought that it would be smooth sailing for Europe this year (or even the next). Hands up all those who thought that the Eurozone would dodge a recession or that many of its members would be able to bring down their debts and ...

Market solutions favoured in OTC derivative reform

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
... with a G20 commitment on OTC derivatives. The Government released the consultation paper yesterday outlining the proposed next steps in the implementation of legislative changes to comply with G20 commitments following the GFC. In attempting to increase ...

Private debt market imbalance to last years

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
... challenges, banks in Europe alone are facing refinancing requirements for an estimated EUR1.7 trillion of maturing debt over the next three years, with banks to shrink balance sheets by EUR1.5-2.5 trillion over the next 18 months as part of the delevarging ...

Market Wrap

AAP  |  THURSDAY, 19 APR 2012
... international merchandise imports for March data. Telstra said it expects to generate up to $3 billion in additional cash over the next three years as a result of its agreement with the federal government for the rollout of the national broadband network ...

$10bn in Asia M&A deals so far in 2012

ALEX DUNNIN  |  THURSDAY, 19 APR 2012
... the most popular for M&A activity, accounting for almost $6 billion worth of deals being 58% of aggregate deal value. The next biggest, but still trailing significantly, was industrials and chemical companies with 13%. All other sector market shares ...

Alphinity backs growth in energy sector

ELISE BURGESS  |  WEDNESDAY, 18 APR 2012
... and portfolio manager, adding that the China steel production growth rate is slowing from its former high base. Over the next two years, Andre said the market will remain balanced but there will be a supply increase and the iron ore will remain at 140 ...