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Market Wrap - Morning

AAP  |  TUESDAY, 25 MAY 2010
The Australian stock market is expected to open weaker, after a negative finish on Wall Street during the offshore session. At 0723 AEST on the Sydney Futures Exchange, the June share price index contract was 70 points lower at 4,346 points, with 5,511 ...

Market Wrap - Morning

AAP  |  MONDAY, 24 MAY 2010
... per cent, at 4,305.4 points. The broader All Ordinaries index fell 16.6 points, or 0.38 per cent, to 4,325.8 points. The close ended the share market's worst week since the height of the financial crisis in 2008. The local bourse fell 6.6 per cent over ...

Freaked out

BENJAMIN ONG  |  FRIDAY, 21 MAY 2010
... economic news. The S&P 500 index recorded its biggest drop in more than a year -- down 3.9 per cent from the previous day's close. What happened? What happened is negative news aligned to create a perfect storm forcing already nervous investors to flee ...

Market Wrap - Morning

AAP  |  FRIDAY, 21 MAY 2010
... exporters repatriating earnings. The headline Nikkei index at the Tokyo Stock Exchange lost 156.53 points, or 1.54 per cent, to close at 10,030.31, its lowest since February 15. HONG KONG - Hong Kong shares fell as dealers remained on edge over the eurozone's ...

AMP rationalises super and pension prods

COMPANY RELEASE  |  THURSDAY, 20 MAY 2010
AMP Financial Services is cutting the number of superannuation products it provides from six to two - closing four superannuation and pension products with more than $34 billion in assets under management to new money from July. This means AMP SignatureSuper ...

Rambo

BENJAMIN ONG  |  THURSDAY, 20 MAY 2010
United we stand, divided... the euro's sunk! Rambo. What was Germany thinking, going it alone to battle the battalions of speculators determined to burn the euro to the ground? Germany banned the naked short selling on European government bonds, shares ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 MAY 2010
... debt crisis. The Dow Jones industrial average lost as much as 186 points before recovering to a more modest loss at the close. The extent of investors' worries became clear after the euro bounced off a four-year low but stocks still fell. The euro has ...

US wants pause button in volatile markets

MICHAEL HOBBS  |  WEDNESDAY, 19 MAY 2010
... trades that contributed to the overnight market plunge on 6 May that saw the Dow Jones Industrial index fall 9 per cent or close to 1,000 points. The Australian Securities Exchange (ASX) was spooked by the events, falling more than 2 per cent in early ...

Nein to naked shorts

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2010
If you can't beat 'em, regulate 'em... again. The Germans must have been standing too close to the euro kitchen that they could no longer bear the heat. After all, them Deutsche -- more than any other Eurozone-member nation -- have much at stake and ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 19 MAY 2010
The Australian share market looks set to fall when it opens on Wednesday after Wall Street resumed its slide due to the falling value of the euro. At 0746 AEST on the Sydney Futures Exchange, the June share price index contract was 52 points lower at ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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