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Market wrap

AAP | THURSDAY, 6 JUL 2006

... The stock market is expected to open lower, following sharp falls on offshore markets overnight amid worries over North Korea's test-firing of missiles. On the Sydney Futures Exchange, the September share price index contract was down 41 points to 5051 ...

China committed to strong measures to contain growth, Premier Wen says

Chinese Premier Wen Jiabao said on Wednesday China was committed to forceful measures to cool its dangerously fast-growing economy, which has benefited global growth but, left unchecked, has the potential to drag it down. In an exclusive interview behind ...

Morning market wrap: Asian economies under pressure

East Asian economies are under pressure following North Korea's alleged admission of having a nuclear bomb. Stocks in South Korea and Japan fell by 3.5 per cent and 2% respectively as a consequence of the admission. Tokyo's Nikkei index is at a 20 year ...

Afternoon market wrap: All Ordinaries at 42-month low

John Fernando The All Ordinaries index lost over 2% in trading today, falling to a 42-month low, reflecting the trend started overnight in all the major international markets. Wall Street lost about 2% of its value, while Japan's Nikkei index decreased ...

Midday market wrap: All Ords down 2%

Paul Cully The All Ordinaries lost over 2% in trading today and reflected the general trend of stocks in all the major international shares markets. Wall Street lost about 2% of its shares value, while Japan's Nikkei index decreased 2.44%. Hong Kong ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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