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Market Wrap - Morning

AAP  |  FRIDAY, 5 SEP 2008
... economic outlook. The Dow Jones Industrial Average skidded 344.65 points, or 2.99 per cent, to end at 11,188.23, its weakest close since late July as the blue-chip index moved into "bear market" territory -- down 20 per cent from last year's highs. The ...

Market Wrap - Morning

AAP  |  THURSDAY, 4 SEP 2008
... on Wednesday, following a negative trend on Wall Street as fears about a global economic slowdown hurt sentiment. At the close, London's FTSE 100 index had lost 121 points, or 2.15 per cent, to 5,499.70. FRANKFURT - The DAX fell 50.98 points, or 0.78 ...

Perennial's global alpha secret

MICHELLE BALTAZAR  |  WEDNESDAY, 3 SEP 2008
Perennial Global Shares High Alpha fund returned 1.68 per cent last month, more than double its benchmark's 0.67 per cent gain. But for a fund with an impressive two-year track record, only a small pool of investors has heard about it. The fund was ...

Aviva expands Southern teams

COMPANY RELEASE  |  WEDNESDAY, 3 SEP 2008
Aviva Australia has appointed ex-Virgin Money head of sales Craig Parker as state manager for Victoria and Tasmania and Melanie Alpar as senior sales manager. Parker will be responsible for driving the growth of business and heading up the business ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 3 SEP 2008
... political crisis. The Tokyo Stock Exchange's benchmark Nikkei-225 index fell 224.71 points to end at 12,609.47, the lowest close since March 31. HONG KONG - The Hang Seng index closed up 136.15 points, or 0.65 per cent, at 21,042.46. WELLINGTON - The ...

Market Wrap - Midday

AAP  |  TUESDAY, 2 SEP 2008
The Australian share market was stronger at noon, buoyed by financial stocks in the lead-up to a widely expected cut in official interest rates by the Reserve Bank of Australia this afternoon. At 1200 AEST, the benchmark S&P/ASX200 was up 36.8 points ...

Market Wrap - Morning

AAP  |  TUESDAY, 2 SEP 2008
... Exchange, the September share price index futures contract was down five points at 5,135, which still is higher than yesterday's close. Today, the Reserve Bank of Australia holds its monthly board meeting and is scheduled to announce its decision on ...

Market Wrap - Midday

AAP  |  MONDAY, 1 SEP 2008
The Australian equities market was down at midday, following falls on Wall Street on Friday. At 1200 AEST, the benchmark S&P/ASX200 was down 32.3 points, or 0.63 per cent to 5103.3, while the broader All Ordinaries was off 27.7 points, or 0.53 per cent ...

Market Wrap - Morning

AAP  |  MONDAY, 1 SEP 2008
The Australian stock market has received negative leads from Wall Street on Friday, although in a special trading session on in New York yesterday, oil rose again in anticipation of Hurricane Gustav making landfall in the continental US. At 0751 AEST ...

Austock curbs expansion plans

MICHELLE BALTAZAR  |  FRIDAY, 29 AUG 2008
Austock Group's business restructure continues after it posted full year profits down 27 per cent to $8.1 million - although the group is partly redeemed by its $33 million in cash reserves, zero operations in stock lending and better-than-expected ...