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General

Corporate governance practices have worsened in past year: survey

Australia's corporate governance practices have come in for further criticism, this time from two academics.

Australian equities may under-perform as a result of rising interest rates

The Australian equity market is likely to under-perform other markets over the coming year as a result of the fact that the Australia has been the first major economy to begin a tightening cycle.

Morning Market Wrap: Dollar weaker after US jobless claims plunge

The Australian dollar opened weaker today against a broadly stronger US dollar but remained within its recent range above important support levels.

Afternoon market wrap: Shares, dollar end higher

The Australian share market made it into positive territory just before the close of trading today, despite being weighed down by the banking sector for most of the session.

Midday Market Wrap: Dollar weaker, but responding to low unemployment rate

The Australian dollar was weaker at noon but had jumped higher on news that Australia's unemployment rate had plunged to a near 14-year low of 5.6 per cent in October.

St George launches $400 million fixed and floating rate transferable deposits

St George Bank has announced the launch of a $400 million fixed and floating rate transferable deposits (FRTDs) issue.

Morning Market Wrap: Dollar opens weaker

The Australian dollar opened slightly weaker today but was remaining buoyant within close proximity of six-year highs after jumping one US cent yesterday in response to a surprise interest rate hike.

Midday market wrap: Shares, bonds lower on RBA move

The Australian stock market opened lower today after a dip in trade on Wall Street overnight and the decision by the Reserve Bank of Australia to list the official cash rate 25 basis points to 5.00%.

US energy group AES to make bid for Loy Yang - report

AAP  |  WEDNESDAY, 5 NOV 2003
United States energy company AES Corporation has reportedly joined the race to buy Victoria's biggest electricity producer, Loy Yang, with a $3.1 billion bid.

Morning market wrap: US stocks head lower on disappointing jobs data

U.S. stocks slipped on Tuesday as investors caught their breath after pushing major market gauges to fresh 2003 highs in the previous session and awaited more earnings and economic data later this week.