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Market Wrap - Morning

AAP  |  TUESDAY, 17 MAR 2009
... 86.03, or 3.18 per cent, at 2,791.66 points. TOKYO - Japan's Nikkei average gained 1.8 per cent on Monday to post its highest close in a month, with banks such as Mitsubishi UFJ Financial Group jumping amid easing fears about the health of US lenders. ...

S&P launches carbon index

COMPANY RELEASE  |  MONDAY, 16 MAR 2009
Standard & Poor's has launched the S&P U.S. Carbon Efficient Index to measure the performance of large cap US companies with low carbon emissions. The index closely tracks the S&P 500 and is rebalanced every quarter whereby stocks in the S&P 500 are ...

Applications open for FEAL CIMA Scholarship

... applications to this year's Certified Investment Management Analyst (CIMA) Scholarship. Applications for the $6,000 grant close on April 15. The scholarship will provide two fund executives with the opportunity to undertake the five-day Certified Investment ...

The power of optimism

BENJAMIN ONG  |  MONDAY, 16 MAR 2009
'Never underestimate the power of optimism.' (Camp Quality) This was perfectly proven by the equity markets' strong performance last week where many of the indices - if not all - spiked to their best weekly gain since November 2008. News reports and ...

Market Wrap - Morning

AAP  |  MONDAY, 16 MAR 2009
... exchanges ended the week in positive territory on Friday, with the London FTSE 100 index gaining 41.62, or 1.12 per cent, to close at 3,753.68 points. FRANKFURT - The Dax was stable, losing 2.61, or 0.07 per cent to finish at 3,953.60. PARIS - The CAC-40 ...

Babcock & Brown folds

MICHELLE BALTAZAR  |  FRIDAY, 13 MAR 2009
... noteholders, their Australian counterparts were a majority 69 per cent in favour of the debt restructure as of votes made by close of business yesterday. The board's decision to call Deloitte is the final nail to the company's troubles that unfolded ...

Market wrap - morning

AAP  |  FRIDAY, 13 MAR 2009
... Jones industrials. GE stock jumped more than ten per cent, helping drive the Dow back above the 7,000 mark. Shortly before close, the Dow Jones industrial average had risen 208.99, or 3.02 per cent, to 7,139.39. The S&P 500 index had added 25.81, or ...

Jobless rate in perspective

BENJAMIN ONG  |  FRIDAY, 13 MAR 2009
... Mark Latham. 'For John Howard, a resounding vote of confidence from a booming country,' it said. And that, 'Unemployment is close to a 20-year low of 5.6%, down from a peak of 11% in 1992, or 8% when Mr Howard first took office in 1996.' Australian's ...

Market Wrap - Midday

AAP  |  THURSDAY, 12 MAR 2009
... probably down." At 1207 AEDT, the spot price of gold in Sydney was $US909.90 per fine ounce, up $US12.20 on Wednesday's local close of $US897.70. Lihir Gold added 14 cents, or 4.9 per cent, to $3, Newcrest Mining rose 81 cents, or 2.62 per cent, to $31.72 ...

Savings paradox

BENJAMIN ONG  |  THURSDAY, 12 MAR 2009
Yesterday's strong rally on Wall Street was followed by a flat performance overnight. Is Wall Street catching its breath before taking another jump? Or is it taking a deep breath for diving? Such is the uncertainty created by the current global economic ...