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General

Morning Market Wrap: Dollar reaches $US0.7200 overnight

At 0700 AEDT the Australian dollar was trading at $US0.7193/98 compared with yesterday's close of 0.7187/95.

Jodee Rich terminates family law agreement

AAP  |  THURSDAY, 13 NOV 2003
Former One.Tel Ltd boss Jodee Rich said today he had terminated a Family Law Agreement between himself and his wife Maxine, which was to be the subject of a NSW Supreme Court challenge later this month.

Midday Market Wrap: Market boosted by healthy offshore gains

The Australian share market remained higher at noon, boosted by healthy gains on offshore markets overnight.

Business lending may not match home loan slump: KPMG

AAP  |  THURSDAY, 13 NOV 2003
Banks could struggle to make up for a slowdown in mortgage growth by increasing loans to businesses, according to financial services group KPMG.

Morning Market Wrap: Dollar stronger after hitting new six-year high

The Australian dollar opened stronger today after hitting another new six-year high of $U0.7190 in New York overnight.

Commonwealth Bank issues $200 million MTN for Dutch bank

The Commonwealth Bank has announced that a $200 million domestic Medium Term Note (MTN) had been issued for Bank NederlandsE Gemeenten NV (BNG).

Midday Market Wrap: Stocks firmer to noon

The Australian share market shook off a shaky start and was firmer to noon thanks to a recovery in the banking sector.

Hedge funds underperform equity markets: Hennessee

Hedge funds continued to underperform broader US equity market indexes in October, according to hedge fund consultant Hennessee Group.

Labor critical of Challenger CEO's $21.2 million loan

The Deputy Opposition Leader in the Senate, Senator Stephen Conroy, has made a biting criticism of Challenger Financial Services Group's chief executive officer Chris Cuffe's request for a $21.2 million loan from the company.

Morning Market Wrap: Market opens low

In Sydney today, Westpac/Melbourne Institute will release its November consumer confidence survey while the Australian Bureau of Statistics' September quarter wage cost index and lending finance data are due.