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Market Wrap - Morning

AAP  |  THURSDAY, 21 APR 2011
Indicators are strong for the last day of local trading before the five-day Easter break, with robust, positive leads from trading offshore overnight in securities and commodities. At 0715 AEST on the ASX 24, the June share price index futures contract ...

Super funds turn to dark pools

ALISON BEVEGE  |  WEDNESDAY, 20 APR 2011
Large superannuation funds are talking to bulk share-trading venue provider Liquidnet Australia to quietly deal in large blocks of equities, the broker said yesterday. At a press luncheon at Sydney's upmarket Rockpool restaurant, Liquidnet Australia ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 20 APR 2011
The Australian market is expected to open firmer on Wednesday, following positive leads from offshore trading overnight. At 0738 AEST on the ASX 24, the June share price index futures contract was 31 points higher at 4,826 points. In economics news ...

Market Wrap - Midday

AAP  |  TUESDAY, 19 APR 2011
... hurry to raise rates. At 1200 (AEST) on Tuesday, the local unit was trading at 104.63 US cents, down from Monday's local close of 105.54 cents. Since 0700 (AEST), the Australian dollar has traded between a low of 104.62 US cents and a high of 105.13 ...

BNY Mellon upgrades asset servicing

MICHELLE BALTAZAR  |  TUESDAY, 19 APR 2011
BNY Mellon Asset Servicing has made a raft of upgrades to its platform since the start of the year, including more time-saving tools for broker dealers and institutional investors. This month BNY launched a system that allows broker dealers to consolidate ...

Much ado over a known known

BENJAMIN ONG  |  TUESDAY, 19 APR 2011
... credit rating and downgrade are put together. Yet, the US bond market ended higher - that is, yields fell from their previous close. Investors aren't demanding a premium to hold US bonds. Investors haven't forgotten after all! And the US dollar is also ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 APR 2011
... bid to take over Franklins supermarkets. On Monday, the Australian share market shrugged off earlier negative sentiment to close slightly higher as the big banks made up for softness in the resources sector. The benchmark S&P/ASX200 index on Monday rose ...

Planners prime legal targets for angry clients

ALISON BEVEGE  |  MONDAY, 18 APR 2011
... expense - even if they are proven right, it (a court case) has a major effect." Tarrant's financial advisory business had to close last year, while the accountancy practice is still going. Kelly warned small advisory firms off the legally complex area ...

ING shelves global equities fund

MATT WOODINGTON  |  MONDAY, 18 APR 2011
... Standard & Poor's Fund Services removed its three star rating at the manager's request, stating that the INGIM had elected to close the fund. Jim McKay, head of distribution, INGIM, confirmed that the large cap thematic fund, which is managed by ING's ...

Market Wrap - Midday

AAP  |  MONDAY, 18 APR 2011
... 45 cents at $35.35 by 1210 AEST. At 1213 AEST, the price of spot gold in Sydney was $US1485.78, up $US9.98 from Friday's close of $US1,475.80. Gold miner Newcrest Mining was down nine cents at $41.21. In news on Monday, the Housing Industry Association ...