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Economics

Gloves come off over ASX monopoly

SUZY MAC  |  WEDNESDAY, 25 JUL 2007
As ASIC calls for public submissions on the ASX's local shares trading monopoly, rival AXE claims the ASX has been running a competition fear campaign.

Market wrap - morning

AAP  |  WEDNESDAY, 25 JUL 2007
The Australian share market is expected to fall sharply this morning after the US market took a hammering overnight in what was the worst trading day since 13 March. At 0657 AEST on the Sydney Futures Exchange, the September share price index was down ...

Market wrap - midday

AAP  |  TUESDAY, 24 JUL 2007
The Australian share market was higher at noon as investors took a shining to healthy production reports from BHP Billiton and Newcrest Mining.

Co-contribs put extra $3bn into nation's super

CHRIS NICHOLLS  |  TUESDAY, 24 JUL 2007
Over $3 billion of co-contributions have flowed into superannuation accounts in the three years since the Federal Government began its co-contribution scheme, according to Minister for Revenue and Assistant Treasurer Peter Dutton.

Economic balancing act

SUZY MAC  |  TUESDAY, 24 JUL 2007
Producer price index (PPI) data released by the Australian Bureau of Statistics yesterday show an increase in producer prices of 1.0 per cent in the June quarter, slightly higher than the median forecast of 0.8 per cent and giving an annual increase ...

Market wrap - morning

AAP  |  TUESDAY, 24 JUL 2007
The Australian share market is expected to open higher this morning after New York rebounded from the sharp falls that were sparked by subprime mortgage fears. At 0648 AEST on the Sydney Futures Exchange, the September share price index was up 18 points ...

Market wrap - midday

The Australian share market continued its poor start to the week, characterised by losses among the big commodities and banking stocks. The performance echoed that in the US, where stocks fell on Friday.

APX launches first local carbon trading exchange

CHRIS NICHOLLS  |  MONDAY, 23 JUL 2007
Australia's first ever carbon trading exchange has opened today in Melbourne, letting businesses set carbon pricing five years before the Howard government's current 2012 goal.

China's rates up again

SUZY MAC  |  MONDAY, 23 JUL 2007
Some call it knee jerk, some call it inevitability, but either way China raised interest rates for the third time since March, by 27bp to 6.84 per cent in an attempt to cool the fastest pace of economic growth in 12 years and combat record inflation.

Election looms over investment markets

SUZY MAC  |  MONDAY, 23 JUL 2007
The upcoming Federal election could generate market uncertainty but with the two major parties' having similar broader macroeconomic policies, it's unlikely any market jitters will last.