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Economics

Market wrap - midday

AAP  |  FRIDAY, 19 JAN 2007
The Australian share market was lower at noon as resource stocks, particularly in the energy sector, continued to reel from yet another big drop in the oil price. The few bright sparks on the market were blood products and vaccine developer CSL and beverage ...

Lehman Brothers acquires Grange Securities

US based investment giant Lehman Brothers has strengthened its foothold in the Asian region after acquiring Australian based Grange Securities.

Daily economic round-up

PETER BELL  |  FRIDAY, 19 JAN 2007
The release of the Reserve Bank's growth in financial assets yesterday has revealed a slowing of the credit market, probably as a consumer response to the multiple interest rate rises over the last year.

Market wrap - morning

AAP  |  FRIDAY, 19 JAN 2007
The Australian share market is expected to open lower after a weak lead from Wall Street. On the Sydney Futures Exchange at 0720 AEDT, the March share price index contract was trading down 19 points at 5,624.

A whole new world of indexes: Russell

Russell Investment Group has launched a family of global stock indexes designed to adopt to the changing investment landscape where the line between "emerging" and "developed markets" continue to blur.

Daily economic round-up

PETER BELL  |  THURSDAY, 18 JAN 2007
The effect of higher interest rates over the last year has begun to have its impact on missed payments for lo-doc loans which are now approaching their highest level for about five years, according to Standard and Poor's research.

Market wrap - morning

AAP  |  THURSDAY, 18 JAN 2007
The Australian share market is expected to open lower after a weak lead from Wall Street. On the Sydney Futures Exchange at 0712 AEDT, the March share price index contract was trading down five points at 5620.

Market wrap - midday

AAP  |  WEDNESDAY, 17 JAN 2007
The Australian share market was weaker at noon as sluggish commodity prices and a low trade volume took their toll. At 1200 AEDT, the benchmark S&P/ASX200 was down 23.1 points to 5650.3, while the all ordinaries dropped 21.1 points to 5,629.3.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 17 JAN 2007
Australian Bureau of Statistics labour force data indicates that on a seasonally adjusted basis there was a 2.3 per cent rise over the month in unemployed persons, although this is still 8.2 per cent less than a year ago.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 20 DEC 2006
The continuing importance of the resource sector can be judged by ABS data released on mineral exploration which shows that expenditure increased by 17.2 per cent or $56.4 million over the last quarter to now be worth $384 million for the quarter.