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Market Wrap - Morning

AAP  |  WEDNESDAY, 24 JUN 2009
The Australian share market has received mixed leads from overseas, with Wall Street ending mostly weaker, while precious metals and oil prices rose overnight. At 0713 AEST on the Sydney Futures Exchange, the September share price index contract was ...

Market Wrap - Morning

AAP  |  TUESDAY, 23 JUN 2009
... on renewed fears for the health of the world economy. The London FTSE 100 index shed 2.57 per cent, or 111.88 points, to close at 4,234.05 points. FRANKFURT - The Dax fell 3.02 per cent, or 146.06 points, to 4,693.40. PARIS - The CAC 40 lost 3.04 per ...

NAB/Aviva deal fuels insurance shake-up

RUTH LIEW  |  MONDAY, 22 JUN 2009
The combined entity of NAB/MLC and Aviva's insurance arm will create a life insurance provider with the largest total risk premium inflows and one that claims a 15.5 per cent share of the market - usurping CommInsure's top spot in the category. Figures ...

Market Wrap - Morning

AAP  |  MONDAY, 22 JUN 2009
The Australian share market has received a mixed lead from Wall Street after caution once again overcame the US stock market. Oil, copper and silver prices closed weaker on Friday, while the price of gold was higher. At 0732 AEST on the Sydney Futures ...

Swanson leaves CommInsure

MICHAEL HOBBS  |  FRIDAY, 19 JUN 2009
Simon Swanson is leaving the Commonwealth Bank of Australia after 30 years at the bank and four and a half years at the helm of CommInsure. Under his tenure, CommInsure became one of the largest insurers in Australia with inforce premiums of $1.5 billion ...

Market Wrap - Morning

AAP  |  FRIDAY, 19 JUN 2009
The Australian share market has received a positive lead from Wall Street, with key indices either up or flat, and copper and oil higher, although precious metals were lower. At 0715 AEST on the Sydney Futures Exchange, the September share price index ...

Nicholas-Applegate closes Australian offices

MICHELLE BALTAZAR  |  THURSDAY, 18 JUN 2009
The global downturn takes another victim after US-based fund manager Nicholas-Applegate said it is going to shut down its Australian offices tomorrow, with all client services to be re-directed back to its San Diego headquarters. Susan Hunter, the company's ...

Market Wrap - Morning

AAP  |  THURSDAY, 18 JUN 2009
The Australian share market is expected to open slightly lower after losses on Wall Street and in Europe, although commodity prices rose after a sell-off earlier in the week. At 0725 AEST on the Sydney Futures Exchange, the June share price index contract ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 17 JUN 2009
The Australian share market was firmly in the red at noon as investors repositioned themselves following recent gains, while weaker metals and oil prices weighed on resources stocks, particularly BHP Billiton. The benchmark S&P/ASX200 index was down ...

Ratings withdrawal shows ratings fee structure

MICHAEL HOBBS  |  WEDNESDAY, 17 JUN 2009
... they received them when industry practice is a shelf life of a rating lasting 12 months, particularly as the company is close to addressing its liquidity issues. "We're working hard across a number of options to create liquidity and whether that's a ...