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Market Wrap - Midday

AAP  |  TUESDAY, 19 JUL 2011
... interest rates. At 1200 AEST on Monday, the Australian dollar was trading at 106.33 US cents, up from from 106.00 US cents at close on Monday. Since 1700 AEST on Monday, the local unit traded between 106.02 US cents and 106.51 US cents, according to ...

BTIM extends global presence with $10bn manager buy

MATT WOODINGTON  |  TUESDAY, 19 JUL 2011
... facility of up to GBP65 million and $6 million in cash. UBS was BTIM's sole financial adviser on the deal, which is due to close on October 4, subject to shareholder approvals.

ASIC cautions industry after US broker tweeted into suspension

ELISE BURGESS  |  TUESDAY, 19 JUL 2011
Australian financial services professionals must be vigilant with their web presence as regulators close in on the social spaces to ensure fair trading and no misconduct. Online financial communities and forums, blogs, Facebook and Twitter are emerging ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 JUL 2011
... debt crisis in Europe weighed on investor confidence. The Dow Jones Industrial Average fell 94.57 points (0.76 per cent) to close at 12,385.16. The broader S&P 500 dropped 10.70 points (0.81 per cent) to 1,305.44, while the tech-heavy Nasdaq Composite ...

Market Wrap - Midday

AAP  |  MONDAY, 18 JUL 2011
... 50-cents-per-share cash offer. The spot price of gold in Sydney was $US1,592.58 per ounce, up $US11.38 from Friday's local close of $US1,581.20. Gold stocks were up 1.26 per cent, according to Iress data, while healthcare had advanced 1.02 per cent. ...

Market Wrap - Morning

AAP  |  MONDAY, 18 JUL 2011
... well. They said the immediate concern Friday was the European Banking Authority stress test results, announced after the close, which showed eight failures out of the 91 banks reviewed. The EBA said the failed banks would need 2.5 billion euros in additional ...

You can't handle the truth

BENJAMIN ONG  |  MONDAY, 18 JUL 2011
... good to be true, it's usually a stretch. There was good news - fantabolous news --out of debt-drowning Europe after the close of last week's trading. "European banks are clearly in a better position to absorb shocks," declared European Banking Authority ...

Market Wrap - Midday

AAP  |  FRIDAY, 15 JUL 2011
... continues to rise. At 1203 AEST, the spot price of gold in Sydney was $US1,584.90 per ounce, up 10 cents from Thursday's close of $US1,584.80 per ounce. Gold miner Newcrest was up 40 cents, or one per cent, at $40.20. Mr Peacock said the general market ...

Market Wrap - Morning

AAP  |  FRIDAY, 15 JUL 2011
... average fell 54.49, or 0.44 per cent, to 12,437.12. The Standard & Poor's 500 index fell 8.85 points, or 0.67 per cent, to close at 1,308.87. The Nasdaq composite fell 34.25 points, or 1.22 per cent, to 2,762.67. It was the fourth day of losses on the ...

QE3 - yes, no, maybe

BENJAMIN ONG  |  FRIDAY, 15 JUL 2011
... undertake that option." This is because "Today the situation is more complex. "Inflation is higher. Inflation expectations are close to our target. We are uncertain about the near-term developments in the economy. We'd like to see if, in fact, the economy ...