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Australian Market Report of June 12: Resources Stocks Boosted

🕔6/12/2009 1:00:25 PM 16903

The Australian share market yesterday closed at a fresh seven-month high as resource stocks posted strong gains amid renewed attention to the proposed tie-up between Rio Tinto and BHP. The benchmark S&P/ASX200 index was up 22.8 points, or 0.57 per cent, to 4047.2, while the broader All Ordinaries index advanced 30.4 points, or 0.76 per cent, to 4046.7.

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Australian Market Report of February 18: Market's Weak Response To $US780 Billion Stimulus Plan

🕔2/18/2009 1:00:17 PM 18417

Yesterday Australian shares plunged sharply, dragged by financial stocks as investors feared the UK banks might need to raise more funds. The unfavorable corporate earnings results also weighed down the market. The benchmark S&P/ASX200 was down 1.5%, or 52.6 points, to 3464.3, while the broader All Ordinaries index lost 1.4%, or 49.1 points, to 3412.2.

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Australian Market Report of February 17: Foreign Takeovers Taking the Spotlight

🕔2/17/2009 1:00:42 PM 15298

Yesterday the Australian shares fell 1.2 per cent after the weak lead from Wall Street last week. The benchmark S&P/ASX200 dropped 42.2 points, or 1.2%, at 3,516.9, while the broader All Ordinaries index was down 35.4 points, or 1%, to 3461.3. Lacking lead from the US, the market attention will be on recent Chinese and Japanese takeover bids for the Australian companies and a string of corporate results.

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Australian Market Report of January 27: Expected to Stabilize After US Housing Data

🕔1/27/2009 1:00:45 PM 13994

On Friday, the Australian share market closed down to a near five-year. The benchmark S&P/ASX200 index was down 144.1 points, or 4.13 per cent, at 3,342.7 while the broader All Ordinaries index fell 131.6 points, or 3.83 per cent, to 3,300.3. The market is expected to stabilize today after the good leads from US and European stock markets.

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Australian Market Report of November 11: Stimulant Effect Passed

🕔11/11/2008 1:00:12 PM 10133

Yesterday the Australia share market was buoyed on hope that China's economic stimulus plan would increase demand for resources. Mining and energy sectors rose on the news. The benchmark S&P/ASX200 index gained 56.5 points, or 1.4%, at 4,107.8 while the broader All Ordinaries index had advanced 53.4 points, or 1.3%, to 4,060.

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Australian Market Report of November 7: More Dangers Ahead

🕔11/7/2008 1:00:45 PM 10481

Overnight US stocks plummeted for a second day with a 4.85% drop as global markets plunged on fears of a deep worldwide recession. Yesterday the 150 basis points interest rate cut of Britain also surprised the market. Economists and analysts questioned the need for such a big cut and believe the economy must be in seriously risk with more dangers ahead. Investors ignored big interest rate cuts in Europe to send markets into steep falls overnight. The key Asian indicators also dropped more than 6.5 percent and wiping out much of the previous rally that had preceded the presidential election in the United States.

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Australian Market Report of October 30: Must Wait Until Fundamentals Improve

🕔10/30/2008 1:00:45 PM 8426

Yesterday Australian shares closed higher for the first time in six days. At the close, the benchmark S&P/ASX200 share index was up 1.3%, or 51 points, to 3845.6, after earlier advancing more than 4.8%. Analysts said the market could continue to fall until a few basic fundamentals such as US housing sales, interbank lending, and commodity prices improve.

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Australia Market Report of September 26: Waiting for US Bailout to Finalize

🕔9/26/2008 12:38:25 PM 8238

US political leaders have struck an agreement in principle on a $US700 billion bailout plan to revive the troubled financial system. It is hoped both houses of US congress will vote on the plan within days. Wall Street and European markets have reacted positively to the news, with major indices recording gains of around two per cent.

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Australia Market Report August 26: Negative FY2009 Expectations Cloud Market

🕔8/26/2008 11:47:50 AM 9511

The Australian share market closed higher yesterday on gains from the financial sector, and following a strong lead from Wall Street over the weekend. The benchmark S&P/ASX200 rose 83.5 points, or 1.69%, to 5014.9, while the broader All Ordinaries gained 79.9 points to 5090.1.

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Annual Reports Show Australian Companies Profit from Asian/Global Investments

🕔11/23/2005 9:28:48 AM 24152

Summary of Australian Companies Profit Percentages offshore investments.

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