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General

Midday Market Wrap: Dollar maintains overnight gains

The Australian dollar was stronger at noon and maintained overnight gains in line with strong fundamentals.

Government says tax reforms will assist public private partnerships

AAP  |  TUESDAY, 11 NOV 2003
Federal tax reforms targeting joint ventures between governments and private investors should ensure benefits go to the parties who bore the economic risk of a project, a business conference was told yesterday.

St.George Bank's new benchmarks oversubscribed

St. George Bank has announced that its $400 million offering of fixed and floating rate transferable deposits issue has been oversubscribed and has been increased to $500 million to satisfy strong investor demand.

Morning Market Wrap: Dollar hits fresh highs

The Australian dollar hit a fresh six-year high of $US0.7177 overnight as the US dollar weakened, buoyed by speculation of a widening interest rate differential with the United States.

Afternoon market wrap: Shares, bonds close down

The Australian sharemarket closed weaker today as blue chip stocks continued to absorb last week's news of an official rate hike.

Investors turn bearish on bonds: FSIU

Investor expectations of fixed interest returns have done a u-turn in the past month, according to the Financial Standard Intelligence Unit's (FSIU) November market expectations survey, released today.

Midday market wrap: Shares, bonds both ease on stronger US data

The Australian share market opened in negative territory, following a fall in the United States market on Friday night.

ANZ first bank to change home lending rates

ANZ has been one of the first major banks to respond to the Reserve Bank of Australia's (RBA) decision to raise interest rates by 25 basis points to 5 per cent, by increasing interest rates for home and residential investment lending by 0.25% per annum.

Morning Market Wrap: Dollar opens weaker

The Australian dollar opened stronger today after the US dollar weakened on profit taking in the wake of a strong US jobs number.

Midday Market Wrap: Dollar driven down by strong US currency

The Australian dollar was weaker at noon, driven down by a stronger US dollar.