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General

Midday market wrap: All Ords rises, Costello warns on war costs

Federal Treasurer Peter Costello said today that the war in Iraq could be "very expensive" and that its cost would take priority over a budget surplus...

Australian borrowing falls to $22.08 billion in March quarter

Australian borrowing dropped to $US13.3 billion (A$22.08 billion) in the first quarter of 2003, down 18 per cent from the same period in 2002, according to figures released today by Thomson Financial...

Investment Analysis: RBA meets, rate cut unlikely

The Reserve Bank of Australia (RBA) meets today but the chances of a change in interest rate policy are slim, according to Financial Standard chief economist Dr Robert Pereira...

Morning market wrap: Bears back in control

Yesterday’s heavy sell-off in Asia continued firstly in the UK and then in the US as the economic impact of war continued to unsettle the markets...

Christian Super, Australian Baptist merge into $150 million fund

The Christian Super and Australian Baptist Retirement Fund today merged into a new $150 million fund and unveiled three new investment options...

Afternoon market wrap: Investors drawn to banks

The All Ordinaries index slipped back over the course of the day, giving up 4.40 points in sympathy with anxious global markets...

ASIC permanently bans Victorian financial adviser

The Australian Securities and Investments Commission (ASIC) announced today that it had accepted an enforceable undertaking from Robert Street...

Trade deficit widens to $1.87 billion: ABS

Australia’s balance of trade in goods and services stood at a deficit figure of $1.87 billion for February 2003 as compared to a deficit of $1.31 billion...

Building approvals fall by 4% in February: ABS

The total number of building approvals in Australia during February fell by 4 per cent from January to 12,743 units...

FPA hails government moves to tighten planning definitions

The Financial Planning Association (FPA) said today that "consumers are the big winners" following government moves to restrict the definition of the terms 'financial planner' and 'financial adviser'...