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Laissez faire

BENJAMIN ONG  |  MONDAY, 18 APR 2011
"When I find myself in times of trouble... Let it be, let it be, let it be, let it be. Whisper words of wisdom, let it be." - The Beatles Nice song, sound advice but not, it seems, if the French can help it. The International Monetary and Financial ...

Market Wrap - Morning

AAP  |  MONDAY, 18 APR 2011
... showed prices rising in line with traders' expectations, but tech stocks were slowed by disappointing Google earnings. At the close, the Dow Jones Industrial Average rose 56.68 points (0.46 per cent) to 12,341.83, while the broader S&P 500 rose 5.16 ...

Market Wrap - Midday

AAP  |  FRIDAY, 15 APR 2011
... big four banks. At 1200 AEST, the spot price of gold in Sydney was $US1,476.70 per ounce, up $14.80 from Thursday's local close of $US1,461.90. Newcrest Mining was up 77 cents at $41.47, while Kingsgate Consolidated was down 23 cents, by three per cent ...

Australian Unity seals $120m debt

MATT WOODINGTON  |  FRIDAY, 15 APR 2011
Australian Unity has completed its oversubscribed $100 million bond issue with the final allotment set at $120 million. The offer of unsecured notes, which started out as an $80 million fundraising, closed on April 8. Yesterday 1.2 million Australian ...

China surprise

BENJAMIN ONG  |  FRIDAY, 15 APR 2011
Another day, another sleepy trading day on Wall Street. Both the S&P 500 and the Dow closed an itsy-bitsy-teeny-weeny 0.1 per cent. There wasn't much news to move sentiment either way. Oh yes, there were the same old, same old issues masquerading as ...

Market Wrap - Morning

AAP  |  FRIDAY, 15 APR 2011
... proposed capital raising. The benchmark S&P/ASX200 index finished down 26.8 points, or 0.55 per cent, at 4,884.2, its lowest close since April 1, when the index finished at 4,861.8. The broader All Ordinaries index dropped 27.2 points, or 0.54 per cent ...

Market Wrap - Midday

AAP  |  THURSDAY, 14 APR 2011
... 1.4 per cent, at $9.91. The spot price of gold in Sydney was $US1,457.20 per ounce, down $US1.15 from Wednesday's local close of $US1,458.35. Newcrest Mining was off 53 cents at $40.48, while Kingsgate Consolidated was 35 cents weaker, by more than four ...

Property the key to longevity risk

ALISON BEVEGE  |  THURSDAY, 14 APR 2011
Listed property group Charter Hall says direct property is superior to other defensive assets in fighting a portfolio's longevity risk thanks to its ability to withstand inflation. Richard Stacker, chief executive of Charter Hall's direct property business ...

All up

BENJAMIN ONG  |  THURSDAY, 14 APR 2011
True to form, the dip buyers came a-buying yesterday's dip. But there's something strange - really, really strange about last night's financial market action on Wall Street. The US stock market is up a little overnight because oil prices rebounded. ...

Market Wrap - Morning

AAP  |  THURSDAY, 14 APR 2011
... addresses an American Chamber of Commerce in Australia luncheon. On Wednesday, the Australian share market pared early losses to close marginally higher as investors snapped up bank shares and other cyclicals with attractive dividend yields. The benchmark ...