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India calls for better financial services

ALEX DUNNIN IN MUMBAI REPORTING FROM THE INAUGURAL AUSTRALIA INDIA FINANCIAL FORUM  |  TUESDAY, 20 NOV 2007
Consumption expenditure in India accounts for 62 per cent of GDP placing it in the same league as developed nations like the US and Australia, highlighting that high-value consumer sectors such as financial services could be big investment opportunities ...

Market Wrap - Morning

AAP  |  TUESDAY, 20 NOV 2007
The Australian share market is expected to open lower on a negative US lead. At 0745 AEDT on the Sydney Futures Exchange, the December share price index was down 114 points at 6422. Today, Harvey Norman Holdings Ltd, Centrebet International Ltd, Ainsworth ...

India's investment exuberance

ALEX DUNNIN IN MUMBAI REPORTING FROM THE INAUGURAL AUSTRALIA INDIA FINANCIAL FORUM  |  MONDAY, 19 NOV 2007
... oversubscribed by a factor of 100. "There is such a thirst for investment products that any product that is remotely interesting can close its IPO oversubscribed by a factor of 100. Local advisers are telling us there is that much money about," said ...

Market Wrap - Midday

AAP  |  MONDAY, 19 NOV 2007
Australian stocks had made respectable gains by midday today following a modest lead from Wall St's Friday close and mixed metal prices. At 1200 AEST, the benchmark S&P/ASX200 index was 88.5 points higher at 6550.3, while the All Ordinaries gained 87.2 ...

Intech alt fund posts 16pc

CHRIS NICHOLLS  |  MONDAY, 19 NOV 2007
Intech's flagship alternatives fund, the Global Tactical Strategies Trust (GTS), has finished its first year on a high, with a return of 16.16 per cent for the the year to end September. The absolute return, multi-manager fund delivered much of its ...

Market Wrap - Morning

AAP  |  MONDAY, 19 NOV 2007
... mortgage defaults and the housing slump may worsen. The Dow Jones industrial average rose 66.74 points, or 0.51 per cent, to close at 13,176.79. The Standard & Poor's 500 Index gained 7.59 points, or 0.52 per cent, to end at 1,458.74. The Nasdaq Composite ...

Austock to list with $214m cap

CHRIS NICHOLLS  |  THURSDAY, 15 NOV 2007
... also pay only 15 per cent company tax and no income or capital gains tax on the sale of its shares. The issue is due to close December 6 and the company expects to list on the ASX on December 17. Austock Funds Management had $1.194 billion in funds under ...

Govt to address underinsurance

MICHAEL HOBBS  |  WEDNESDAY, 14 NOV 2007
More than one in two planners believe that the government should take a lead in tackling the country's chronic underinsurance, according to a financial planner poll. More than 50 per cent of the attendees at this month's ING OneCare Express roadshow ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 14 NOV 2007
... Goldman Sachs Group is secure from credit losses. The Dow Jones industrial average surged 319.54 points, or 2.46 per cent, to close at 13,307.09. The Standard & Poor's 500 Index gained 41.87 points, or 2.91 per cent, to end at 1,481.05. The Nasdaq Composite ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 14 NOV 2007
... the market, easing worries about higher energy costs heading into winter and the holiday shopping season. Shortly after close, the Dow Jones industrial average was up 316.29 points, or 2.45 per cent, at 13,304.49. The Standard & Poor's 500 Index was ...