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Race to the pump

SUZY MAC  |  TUESDAY, 30 OCT 2007
... caused this latest spike, when as a consequence Mexico's state oil company, Petroleos Mexicanos, or Pemex, announced it would close a fifth of its oil production. This will bring production of as much as 600,000 barrels of daily crude production grinding ...

Market Wrap - Morning

AAP  |  TUESDAY, 30 OCT 2007
... 6771.913 set on Thursday, October 11. The All Ordinaries had added 91.8 points to 6808.2, surpassing its previous record close of 6779.585 also set on October 11. NEW YORK - US stocks rose overnight as investors bet that the Federal Reserve will cut ...

AMP reports bullish quarter

CHRIS NICHOLLS  |  MONDAY, 29 OCT 2007
Better Super and increased planner support has helped push AMP Financial Planning to $3.5 billion in inflows for the September quarter. Retail superannuation inflows also rose 77 per cent to $1.6 billion for the quarter. The Super Consolidation Account ...

Market Wrap - Morning

AAP  |  MONDAY, 29 OCT 2007
... market closed in positive territory on Friday, driven by strong gains from major miners BHP Billiton and Rio Tinto. At the close, the benchmark S&P/ASX200 index was up 76.3 points at 6700.6, while the all ordinaries gained 71.6 points to 6716.4. NEW ...

K2 back on IPO path

MICHAEL HOBBS  |  FRIDAY, 26 OCT 2007
K2 Asset Management Holdings (K2) has declared that market conditions are now right to re-list on the ASX, after withdrawing its initial public offering in August. Campbell Neal, executive director at K2 Asset Management, previously said a listing in ...

Market Wrap - Morning

AAP  |  FRIDAY, 26 OCT 2007
The Australian stock market is expected to open higher on a surge in commodity prices, including a record oil price, and a weak lead from Wall Street. On the Sydney Futures Exchange the December Share Price Index was up 41 points to 6674. Today, Austar ...

MLC expands corp super team

MICHAEL HOBBS  |  THURSDAY, 25 OCT 2007
To assist its corporate superannuation growth strategy, MLC has appointed David Woodall to head employer superannuation sales and Gordon Chrystie to business superannuation sales manager. Woodall has more than 18 years experience in corporate super ...

Raging bull in sub-prime abattoir

SUZY MAC  |  THURSDAY, 25 OCT 2007
... month. The markets were not pleased and overnight the Dow Jones traded almost 250 points lower before rallying into the close to finish down one point. The S&P and Nasdaq both closed down 0.2 per cent and 0.9 per cent respectively and our own market ...

Market Wrap - Morning

AAP  |  THURSDAY, 25 OCT 2007
... figures that now suggest an interest rate rise is highly likely next month, during the federal election campaign. At the close, the benchmark S&P/ASX200 index had lost 26.5 points to 6634.4, and the All Ordinaries was 25.4 points lower to 6652.1. NEW ...

Market wrap - midday

AAP  |  WEDNESDAY, 24 OCT 2007
The Australian stock market was stronger at noon, on the back of strong gains in the United States and another fall in the price of crude oil. At 1200 AEST, the benchmark S&P/ASX200 index was up 60.5 points to 6721.4 while the All Ordinaries rose 56.1 ...