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Market Wrap - Morning

AAP  |  WEDNESDAY, 20 MAY 2009
The Australian share market may open higher, after European exchanges gained on optimism the global economy is starting to recover while US markets were little changed. At 0742 AEST on the Sydney Futures Exchange, the June share price index contract ...

Investors to regain capital from axed fund

RUTH LIEW  |  TUESDAY, 19 MAY 2009
... Investors with funds tied up with Pengana Capital's Australian Property Securities Fund can expect to get a reimbursement of "as close to 100 per cent" of their capital following last week's announcement of the fund's closure. Denis Carroll, head of ...

Easing Libor pains

BENJAMIN ONG  |  TUESDAY, 19 MAY 2009
... with the Libor rate on 3-month US dollars dropping to just 0.785 per cent overnight, 4 basis points below last Friday's close and 403 basis points down from the 10 October 2008 spike of 4.82 per cent when it first dawned on one and sundry that the world ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 MAY 2009
The Australian share market is expected to open higher after US stocks gained on better homebuilder sentiment and positive comments about banks from analysts. Oil and industrial metals also gained overnight, suggesting energy and mining stocks will ...

AIA public listing one step closer

ALEX DUNNIN  |  MONDAY, 18 MAY 2009
AIG has announced it will accelerate steps to position its Australasian subsidiary American International Assurance Company (AIA) as an independent entity in preparation for an Asian public listing. The timing of the move will be determined by market ...

CBA launches capital protection funds

COMPANY RELEASE  |  MONDAY, 18 MAY 2009
Commonwealth Bank of Australia has launched a new capital-protected investment, Capital Series Compass, which offers investors a choice of two investment themes - an Australian share market or Australian/Hong Kong blend. The Capital Series Compass offers ...

Market Wrap - Morning

AAP  |  MONDAY, 18 MAY 2009
... benchmark Nikkei rose 171.29 points in light trade to 9,265.02, after falling 2.6 per cent the previous day to its lowest close since May 1. The Nikkei fell 1.8 per cent on the week. HONG KONG - The benchmark Hang Seng Index rose 249.01, or 1.51 per ...

Confusion in the inflection

BENJAMIN ONG  |  MONDAY, 18 MAY 2009
Cracks on the Wall? Have markets got ahead of themselves and investors are now looking for the greater fool? Taking Wall Street's cue, most major equity markets around the world finished last week's trading activity in the red. But then again, most ...

AMP posts strong super and risk flows

MICHAEL HOBBS  |  FRIDAY, 15 MAY 2009
... challenging year so far and we expect this to continue," he said. AMP Limited's share price fell more than 2 per cent yesterday to close at $5.11.

One in six DB funds in trouble: APRA

ALEX DUNNIN  |  FRIDAY, 15 MAY 2009
APRA has revealed that last year 15.9 per cent of defined benefit (DB) superannuation funds were in an "unsatisfactory financial position" and that things are now likely to be worse. "APRA's survey of all defined benefit and hybrid superannuation funds ...