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Rejoice or lament

BENJAMIN ONG  |  THURSDAY, 2 JUL 2009
Water...water everywhere, but not a drop to drink. A thousand and one economic data and indicators were released overnight but all we got is more of the same - green shoots. American and European equities closed stronger last night, this time seeing ...

Market Wrap - Morning

AAP  |  THURSDAY, 2 JUL 2009
... data despite worse-than-expected unemployment figures. The London FTSE 100 index added 91.5 points, or 2.15 per cent, to close at 4,340.71 points. FRANKFURT - The Dax gained 96.8 points, or 2.01 per cent, to end the session at 4,905.44. PARIS - The CAC ...

ETFs won't phase out index funds: Bowerman

MICHAEL HOBBS  |  WEDNESDAY, 1 JUL 2009
... pricing, the net asset value (NAV), is set at the end of each day so you have certainty around what the price is. An ETF trades close to the NAV but at times it can move away from it."

E*TRADE tax tools free for all

RUTH LIEW  |  WEDNESDAY, 1 JUL 2009
E*TRADE's deal with Praemium to provide a free tax reporting service to retail investors is one step closer to being launched. The Tax Tools Standard Service provides a comprehensive report at the end of each financial year, detailing the investor's ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 1 JUL 2009
... June on worries about the recession and vanishing jobs. The London FTSE 100 index shed 44.82 points, or 1.04 per cent, to close at 4,249.21 points. FRANKFURT - The Dax lost 76.45 points, or 1.56 per cent, to 4,808.64. PARIS - The CAC 40 fell 53.24 points ...

Not a happy EOFYS on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2009
Just when you thought the last day of the month, the quarter and the halfway mark of 2009 would end on a high note for Wall Street, it ended with a whimper. Yes, while we were recharging our batteries -- and dreaming about winning that A$106 million ...

Blackstone closes real estate fund

RUTH LIEW  |  TUESDAY, 30 JUN 2009
While many real estate trusts struggle to find investments, Blackstone Group has closed its latest real estate fund which was oversubscribed by 20 per cent. The Blackstone Group has announced the final closing of its latest real estate fund, Blackstone ...

Another red-lettered year

BENJAMIN ONG  |  TUESDAY, 30 JUN 2009
... deeply in the red - down 26.5 per cent. The year-on-year performance of the All Ordinaries index would still show a loss of close to 20 per cent even in the unlikely event that domestic stocks soar by 20 per cent today. To break even, the All Ords need ...

Market Wrap - Morning

AAP  |  TUESDAY, 30 JUN 2009
... year winds down ahead of key US data later in the week. London's FTSE 100 index climbed 53.02 points, or 1.25 per cent, to close at 4,294.03 points, gaining strength following a positive start to the trading day on Wall Street. FRANKFURT - The Dax added ...

ASIC flags end-of-year signposts

RUTH LIEW  |  MONDAY, 29 JUN 2009
The financial services watchdog ASIC is calling on listed financial services companies to provide more disclosure on their 'going concern' assumptions, asset valuations and hedging arrangements when they file their 30 June 2009 financial reports. Following ...