MARKETS

HDF divests South East Water

Hastings Funds Management Ltd, as responsible entity for the managed investment schemes comprising the Hastings Diversified Utilities Fund (HDF), today announced the execution of a binding agreement to sell its interests in South East Water (SEW) to global asset manager CDPQ.
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Australian Stock Market Report - Closing

Local stocks managed to make it six wins in a row today, as investors shrugged off a weak offshore lead and focused on positive economic data.

Q3 sees rise in hedge funds launches: HFR

Fueled by the inflow of capital from investors who now appear to have more appetite for riskier assets, Hedge Fund Research, Inc. (HFR) Wednesday reported an increase in the number of hedge fund launches for the third quarter.

Daily forex forecast - 16/12/2010

Australian consumer are more upbeat leading into the holiday season with consumer confidence improving for December growing 0.2% from -5.3% last month.

World Market Overview

U.S. stocks fell slightly Wednesday, despite improving U.S. economic data, as investors continued to worry about euro-zone finances.

World Market Overview

The Dow Jones Industrial Average climbed to its highest intraday level in more than two years Tuesday as Federal Reserve officials stuck to their easy money policy while data showed rising sales in the retail and business arenas.

Daily forex forecast - 15/12/2010

Reports from Australia revealed business confidence had declined from the previous month while the number of new homes for the 3rd quarter contracted by -13.2%.

Australian dollar outlook 14/12/2010

The AUD has risen over a cent during the offshore session, currently trading around USD0.9950, with a combination of factors affecting its leap back towards parity.

Daily forex forecast - 14/12/2010

The Australian Dollar rallied offshore to a monthly high as global equities and commodities soared after China refrained from raising interest rates.

World Market Overview

U.S. stocks rose Monday after China elected not to raise interest rates and as Democrats anticipated the tax agreement would pass in the Senate.

Australian Stock Market Report - Morning

The OECD leading indicator for 29 countries lifted from 102.5 to 102.6 in October with activity accelerating in the US, China and France but easing slightly in Germany and Japan.

RBA raises concern on proposed banking system reforms

A day after the government announced its proposed reforms to the financial system, Reserve Bank governor Glenn Stevens warned that the government should be careful in its attempts to promote competition in the banking sector.

Australian Stock Market Report - Closing

Local stocks eked out a small gain today, but came off earlier highs due to falls from regional lenders and a flat finish from index leader BHP Billiton (BHP).

Fortescue raises US$1.5 billion notes

Australian iron ore producer Fortescue Metals Group Ltd (ASX: FMG) today priced its previously announced offering of senior unsecured notes.

Australian dollar outlook 13/12/2010

The Australian Dollar has opened today where it closed on Friday evening in the mid .9800’s as the fears that China would raise interest rates to cool down their fast expanding economy did not eventuate.

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