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Market Wrap - Morning

AAP  |  FRIDAY, 6 MAR 2009
The Australian share market is expected to open lower with US and European markets falling heavily on more negative economic news and uncertainty over aggressive interest rate cuts in Britain. At 0820 AEDT on the Sydney Futures Exchange, the March SPI ...

Sunsuper cuts fees, adds FP service

MICHAEL HOBBS  |  THURSDAY, 5 MAR 2009
... with the growing trend of members who joined the fund's pensions was still up around 22 per cent on what they were at the close of last financial year," he said. While the super fund cuts its fees, it has also introduced a new financial planning service ...

Market Wrap - Morning

AAP  |  THURSDAY, 5 MAR 2009
... is heading for recession. The benchmark S&P/ASX200 index was 52.8 points, or 1.64 per cent, lower at 3166.4, its lowest close since August 2003. The broader All Ordinaries shed 45.5 points, or 1.43 per cent, to 3125.9. NEW YORK - Wall Street snapped ...

Local funds hold firm on US equities

MICHAEL HOBBS AND RUTH LIEW  |  WEDNESDAY, 4 MAR 2009
... any, from its clients regarding their exposure to US equities. Yesterday, the Dow Jones index dropped almost 300 points to close above 6,700. "The economic conditions are going to be poor, the earnings positions is particularly poor in the US at the ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 4 MAR 2009
... recover from a poorer start. The benchmark S&P/ASX200 index closed down 30.9 points, or 0.95 per cent, at 3,219.2 - its lowest close since December 16, 2003. The broader All Ordinaries index lost 32.4 points, or 1.01 per cent, to 3171.4 - its lowest ...

AIG subsidiaries to separate

ALEX DUNNIN  |  TUESDAY, 3 MAR 2009
The record $A157 billion loss reported by AIG in the US and the resultant fourth rescue package from the US Treasury has resulted in the subsidiaries being quarantined into a special purpose vehicle, possibly in preparation for sale through an IPO. ...

The Ides of March

BENJAMIN ONG  |  TUESDAY, 3 MAR 2009
... index pierced below the 7,000 support level overnight as it shed 4.2 per cent of its value. The S&P 500 posted its lowest close since October 1996 after shedding 4.7 per cent. It was the same in Europe with the Stoxx 600 index plummeting by 5 per cent ...

Market Wrap - Morning

AAP  |  TUESDAY, 3 MAR 2009
The Australian share market has received strongly negative leads from overseas, as US markets hit 12-year lows amid worsening concerns about financial companies and the economy. A further bailout of US insurer American International Group, which also ...

WHK sells NEXT stake

COMPANY RELEASE  |  MONDAY, 2 MAR 2009
... NEXT in order to continue to further strengthen core business operations," a company statement said. "WHK will continue its close working relationship with NEXT with a view to developing a broader business relationship with Wilson HTM."

UniSuper stands up for ESG

RUTH LIEW  |  MONDAY, 2 MAR 2009
First it was HESTA and VicSuper - now the $21 billion UniSuper has taken up the environmental, social and governance crusade when it recently joined ESG Research Australia. UniSuper is the latest participant of ESG Research Australia, a new program ...