Babcock CEO, Chairman Step Down
Babcock & Brown unveiled a major overhaul of its board and management but failed to stem the drop in its share price due to continued concerns about its financial position.
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
Rates tipped to be left on hold
The RBA is universally tipped to leave interest rates on hold on Tuesday as more signs emerge of a slowing economy.
ASX edges higher as oil and gold rises
The Australian share market nudged a little higher after closing relatively flat last week as gold and oil prices rose.
Stocks above 5000
Australian shares rise in early trade, after another fall in oil prices.
08/06/08
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Stocks top 5000
The Australian stock market opens higher for a second day after Wall St rallies on positive private sector employment data.
Banks pull stocks higher
The stock bounces back after Wall St is buoyed by a drop in the oil price and positive consumer confidence data.
07/29/08
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Shares open flat
Shares have a flat start as resources shares hold back gains from the banks.
ASX close flat as bank gains offset
The Australian share market closed flat as a rally in banks and property trusts, triggered by a positive US lead, offset falls in mining and energy stocks.
Banks boost local stocks at noon
The Australian share market was higher at noon, boosted by financials and the prospect of another interest rate cut in the United States later on Tuesday night.
Metals push stocks up
Australian stocks open higher after the price of metals including copper and gold gained overnight.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Wall Street leads shares into the red
THE sharemarket closed more than 1 per cent lower yesterday, weighed down by financial stocks after setbacks on Wall Street overnight.
Market ends three-day losing streak
Australian shares have broken a three-day losing streak, ending nearly 2.5 per cent firmer, as banking stocks buoyed the market.
Financial Fears Spook Asian Markets
Investors sell off bank stocks following Lehman's loss, Chinese tightening.
Chinese Markets Battered By Beijing's...
Shanghai Composite index drops nearly 8%, to its lowest level in a year, while the Hang Seng falls more than 4%, after PBOC raises reserve requirement ratio for fifth time this...
Market ends in sea of red as crude oil prices slump
The sharemarket closed firmly in the red yesterday, with losses across all sectors after lower crude oil prices and continuing concerns about the state of credit markets.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Shares bounce back
Shares bounced at the opening, following gains on Wall Street.
Shares edge up
The Australian share market edges higher after US stocks gain overnight.
05/27/08
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US inflation fears spark share sell-off
THE Australian sharemarket closed lower yesterday after fresh concerns about inflation rattled Wall Street. The Dow Jones fell 199.48 points to 12,828.68.
Tokyo Dips Into Red
Asian shares traded mostly lower Thursday, with Tokyo pulling back on weakness in export stocks, while Australia's benchmark index edged into positive territory.
Banks push Aussie shares lower
Australian shares drop after US stocks fell on worries that Bank of America may walk away from buying Countrywide Financial.
Volatility may be coming to an end
THE Australian sharemarket closed the week higher as financial stocks returned to favour after a strong lead from Wall Street overnight.
Shares hit 9 week high
Banks push stocks higher as investor confidence returns.
Allco Finance Granted 30-Day Lease On...
The troubled leasing and fund management firm's shares slip into penny-stock range after forecasting a loss of $1.4 billion for 2008 on write-downs and restructuring costs.