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Fear brings opportunity for the wise

RUTH LIEW  |  FRIDAY, 8 FEB 2008
... investors," noted the report. Wise-owl found market falls of more than 20 per cent are often an indication the market is close to rock bottom. Recent history suggests that gradual bear markets, or even when the markets fall rapidly, the bulk of stock ...

Australian super funds sticking with equities

MICHAEL HOBBS  |  FRIDAY, 8 FEB 2008
... asset allocation across all pension funds increased with real estate, private equity, commodities and hedge funds rising close to four per cent to 16 per cent in the last few years. "Last year we saw a shift out of equities and into bonds and alternatives ...

Market Wrap - Morning

AAP  |  FRIDAY, 8 FEB 2008
The Australian share market is expected to open higher after US stocks rebounded in choppy trading on Thursday. In London, base metal prices mostly were stronger. At 0755 AEDT on the Sydney Futures Exchange, the March share price index futures contract ...

Market Wrap - Morning

AAP  |  THURSDAY, 7 FEB 2008
... further dampened market sentiment. The Nikkei average was down 4.7 per cent or 646.26 points to end at 13,099.24, the lowest close since January 28. HONG KONG - Hong Kong stocks fell 5.4 per cent in a half-day trading session as nervous investors tracked ...

Market wrap - midday

AAP  |  WEDNESDAY, 6 FEB 2008
... 36 cents to $25.54. The spot price of gold was $US888.20 per fine ounce at 1210 AEDT, down $US14.60 on yesterday's local close of $US902.80 per fine ounce. The gold miners were weaker. Newcrest had lost $1.39 to $34.17, Lihir had shed 17 cents to $3.29 ...

World bank names new chief economist

MICHAEL HOBBS  |  WEDNESDAY, 6 FEB 2008
Chinese national, Justin Lin, has become the first emerging country-born expert to be appointed chief economist and senior vice president for development economics at the World Bank. Lin replaces Francois Bourguignon in May, after he retired to become ...

Australian private equity still going strong

RUTH LIEW  |  WEDNESDAY, 6 FEB 2008
... active nation in raising PE funds. "Australia emerged as the most active nation in fundraising with $6.4 billion compared to close to $3.3 billion the previous year," noted the report. China was named a distant second, after tripling their PE commitments ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 6 FEB 2008
... Kong stocks fell 0.89 per cent amid renewed concerns over the health of the US economy, but Sinopec bucked the trend to close higher on expectations of lower oil prices. The Hang Seng Index ended down 223.38 points at 24,808.70. WELLINGTON - The sharemarket ...

Market Wrap - Morning

AAP  |  TUESDAY, 5 FEB 2008
... share prices and as news of mergers and acquisitions lifted sentiment. The benchmark Hang Seng Index rose 908.50 points to close at 25,032.08. WELLINGTON - New Zealand shares ignored a strong day across the Tasman, closing nearly flat after a mixed session. ...

Market Wrap - Morning

AAP  |  MONDAY, 4 FEB 2008
... and buoying the overall market even as shrinking payrolls in January provided the clearest sign yet that the economy is close to recession. The Dow Jones industrial average finished up 92.83 points, or 0.73 per cent, to 12,743.19. The Standard & Poor's ...