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Market Wrap - Morning

AAP  |  TUESDAY, 1 APR 2008
... investors took to the sidelines on lingering concerns about the global credit crunch. The Hang Seng Index fell 436.75 points to close at 22,849.20 points. It fell more than 6 per cent for the month of March and was down 18 per cent for the quarter. WELLINGTON ...

JPMorgan buys $342.5 bn Nordic custody service

MICHAEL HOBBS  |  MONDAY, 31 MAR 2008
JPMorgan Worldwide Securities Services has purchased the institutional custody portfolio of Nordea, one of the largest Nordic banks with $342.5 billion in assets under custody. According to a JPMorgan Worldwide Securities Services (JPMorgan), the deal ...

Market Wrap - Midday

AAP  |  MONDAY, 31 MAR 2008
... ten cents to $30.06. The price of gold in Sydney at 1213 AEDT was $US930.80 per fine ounce, down $US14.60 from Friday's close of $US945.40. Man Financial's Mr Anderson said investors were moving away from resources as the easy money probably had been ...

China response has big trade implications

ALEX DUNNIN  |  MONDAY, 31 MAR 2008
... Influential political columnist Laurie Oakes wrote on the weekend that that just as John Howard was accused of being too close to the US, the Prime Minister might end up being accused of being too close to China. The problem the Prime Minister that he ...

Market Wrap - Morning

AAP  |  MONDAY, 31 MAR 2008
... 10.54 points, or 0.80 per cent, to finish at 1,315.22. The Nasdaq Composite Index dropped 19.65 points, or 0.86 per cent, to close at 2,261.18. For the week, the Dow was down 1.2 per cent and the S&P was down 1.1 per cent, while the Nasdaq was up 0.1 ...

AXA online gets thumbs up

RUTH LIEW  |  FRIDAY, 28 MAR 2008
AXA's new electronic application system has been met with an optimistic response from its advisers - putting the firm a step closer to ramping up its presence in the life insurance sphere. Recently establishing "Vision 2012", a goal that aims to propel ...

Market Wrap - Morning

AAP  |  FRIDAY, 28 MAR 2008
... concerns about a downturn in business spending. The Dow Jones industrial average slid 109.09 points, or 0.83 per cent, to close unofficially at 12,313.77. The Standard & Poor's 500 Index dropped 14.06 points, or 1.02 per cent, to finish unofficially ...

Market Wrap - Morning

AAP  |  THURSDAY, 27 MAR 2008
The Australian sharemarket is expected to open lower after US stocks slid as investors sold off financial shares on fears that funding for leveraged buyouts could dry up and hurt bank profits. Base metals were up in London. At 0702 AEDT on the Sydney ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 26 MAR 2008
The Australian sharemarket is expected to open higher after base metal prices gained in London overnight and on a positive lead from Wall Street. At 0701 AEDT on the Sydney Futures Exchange, the June share price index futures contract was up 12 points ...

Market Wrap - Morning

AAP  |  TUESDAY, 25 MAR 2008
... points, or 3.12 per cent, to 5,182.4. NEW YORK - US stocks ended higher on Monday, with the S&P 500 index marking its highest close for the month, after a raised buyout offer for Bear Stearns Cos Inc suggested that financial stocks may have reached bottom ...