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Economics

Market Wrap - Morning

AAP  |  MONDAY, 30 JUL 2007
The Australian share market is expected to open lower today following a second dismal day on Wall Street on Friday, amid concern that tightening credit conditions may lead to a slowdown in housing activity.

Market Wrap - Midday

AAP  |  FRIDAY, 27 JUL 2007
The Australian share market was a sea of red at noon today as stocks tumbled in line with the US market, which suffered its second worst trading day this year.

Four pillars policy no longer relevant

Westpac chief executive David Morgan has lambasted the government's 'four pillars policy', suggesting it would only make the country's four largest banks, Commonwealth Bank, ANZ, NAB and Westpac more vulnerable to foreign ownership.

IMF blames the world

SUZY MAC  |  FRIDAY, 27 JUL 2007
While the Federal Treasurer insists Australia's inflation remains within RBA targets, the International Monetary Fund warns central banks must tighten fiscal policies as global growth accelerates.

Market Wrap - Morning

AAP  |  FRIDAY, 27 JUL 2007
The Australian share market is expected to be hit hard this morning by the massive declines in New York with a particularly bleak outlook for the miners, as all metals but tin traded lower overnight.

Market wrap - midday

AAP  |  THURSDAY, 26 JUL 2007
Australian stocks had fallen sharply by midday, despite a positive opening, weighed down by weaker commodity prices. At 1200 AEST, the benchmark S&P/ASX200 Index had tumbled 51.7 points to 6288.8, while the All Ordinaries had lost 50.1 points to 6327.9.

RBC Dexia scores two global custody deals

First State Investments has appointed RBC Dexia to provide global custody, fund administration and shareholder services (transfer agency) for the First State European Diversified Infrastructure Fund.

A smoking gun for the RBA

SUZY MAC  |  THURSDAY, 26 JUL 2007
A pre-poll rate hike could be a shot across the bow of the coalition's election campaign love-boat, however a sooner rather than later approach to monetary tightening might make less of a splash.

Market wrap - morning

AAP  |  THURSDAY, 26 JUL 2007
The Australian share market is set to return to positive territory today after an improvement in trading activity on Wall Street and in defiance over a fall in metals prices.

Market wrap - midday

AAP  |  WEDNESDAY, 25 JUL 2007
Australian stocks were still in negative territory at midday, after whopping losses on Wall St continued to send jitters through the local bourse. At 1200 AEST, the benchmark S&P/ASX200 Index had tumbled 82 points to 6340.3, while the All Ordinaries ...