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Market Wrap - Morning

AAP  |  THURSDAY, 16 AUG 2007
... market closed in negative territory yesterday, with heavy losses in the resources sector weighing on the local bourse. At the close, the benchmark S&P/ASX200 index was 176.8 points lower at 5788 and the all ordinaries lost 181 points to 5801.5. Crude ...

High net worth clients like it crystal clear

CHRIS NICHOLLS  |  WEDNESDAY, 15 AUG 2007
Among the key criteria for high net worth clients when choosing where to park their money are product transparency and access to the underlying fund managers, according to Richard Nicholas, director of Peak Investment Partners. Speaking at the Financial ...

Market wrap - midday

AAP  |  WEDNESDAY, 15 AUG 2007
... of a lack in investor confidence. At 1200 AEST, the Australian dollar was trading at $US0.8317/23, down from yesterday's close of $US0.8384/88. Meanwhile, the Australian sharemarket was a sea of red this morning after further drops on Wall Street overnight. ...

Virtual bank collapse a warning to online world

CHRIS NICHOLLS  |  WEDNESDAY, 15 AUG 2007
The recent collapse of popular online role-playing game Second Life's largest bank has highlighted the problems an unregulated economy can have, even a virtual one. Last week, the game's biggest bank, Ginko Bank, closed after depositors rushed to withdraw ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 15 AUG 2007
... Gold is the December price on COMEX. Silver is the September price on COMEX. Base metal prices are the three month PM kerb close on the London Metal Exchange. NEW YORK - US stocks skidded overnight on fresh signs that global credit markets were seizing ...

Market wrap - midday

AAP  |  TUESDAY, 14 AUG 2007
... dipped 0.72 of a point, or 0.05 per cent, to 1,452.92. The Nasdaq Composite Index shed 2.65 points, or 0.10 per cent, to close at 2,542.24. Industrial metals futures rose overnight on the London Metal Exchange as financial markets steadied, and this ...

Market Wrap - Morning

AAP  |  TUESDAY, 14 AUG 2007
... Hi-Fi Ltd and Leighton Holdings Ltd all report full year results. The Australian share market regained some strength to close higher yesterday after a wave of turbulence last week caused by the US sub prime mortgage market problems. At the close, the ...

The price of pain

SUZY MAC  |  MONDAY, 13 AUG 2007
... suffered another bumpy ride on Friday night with the Dow roller coasting again, dropping 220 points before climbing back up to close just 31 points lower. European markets didn't fare much on better in reaction to a bad day on Asian markets. The ASX ...

Market wrap - morning

AAP  |  MONDAY, 13 AUG 2007
... billion from the value of the Australian market, rattling investor confidence and eroding superannuation-linked gains. At the close, the benchmark S&P/ASX200 index was 229.6 points lower at 5936, while the all ordinaries retreated 222.5 points to 5965.2. ...

BT chief Coombe explains spin-off

BT Financial Group is inundated with CVs after the group outlined plans to partially list its investment management arm, a move that gives all staff members an equity stake in the new company. The group's chief executive Rob Coombe said that resumes ...