Real Estate General

Australian Market Report of December 16: Mixed Leads from the US and Commodities

🕔12/16/2008 1:00:24 PM

Yesterday, the Australian market closed higher as the miners surged on rising commodities prices offsetting the slump dragged by Telstra after the government ruled out the company from the tender list for bidding on the national broadband network. The benchmark S&P/ASX200 share index ended the day 2.3% higher, or 81 points, at 3591.4, while the broader All Ordinaries index rose 2.4%, or 83.2 points, to 3535.7. Traditionally the market would be quiet during this period with more focus on specific stocks rather than the market as a whole.

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Australian Market Report of December 15: Doubts over Car Maker Bailout

🕔12/15/2008 1:00:46 PM

The Australian stock market closed more than two per cent lower on Friday following weakness in United States markets caused by doubts over a rescue package for US car makers. The benchmark S&P/ASX200 index had fallen 87.6 points, or 2.43 per cent, to 3,510.4, while the broader All Ordinaries index lost 81.7 points, or 2.31 per cent, to 3,452.5. As the US Senate's rejected the $14-billion bailout for American automotive makers, the stock market is expected to continue moving downward on the negative news.

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Hochtief (FRA:HOT) Subsidiary and Al Habtoor Leighton Group In JV Contracted to Construct New Concourse for Dubai Airport

🕔12/11/2008 3:39:38 PM

HOCHTIEF AG (FRA:HOT)(PINK:HOCFY) subsidiaries and their participating interests have been awarded contracts in the USA and Dubai with a total volume of almost EUR 1.2 billion. US subsidiary Turner has been selected to construct the Great American Tower in Cincinnati for around EUR 165 million (USD 210 million).

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Australian Market Report of December 4: Rescue Takes Time to Work

🕔12/4/2008 1:00:36 PM

On Wednesday, the Australian stock market closed marginally higher as figures showed that economic growth slowed to a crawl in the September quarter. The benchmark S&P/ASX200 index rose 5.6 points, or 0.16 per cent, to 3,533.8, while the broader All Ordinaries added 3.1 points, or 0.09 per cent, to 3,476.5. In recent weeks, the Australian share kept see-sawed during the trading day. In a short term investors remained cautious to any trigger on the market, while the impact for low interest rates and government stimulus may need some time to work.

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Australian Market Report of December 2: Recession Fears Come True

🕔12/2/2008 1:00:32 PM

Yesterday, the S&P/ASX-200 share index fell about 1.6%, or 61.3 points, to 3681.2, while the broader All Ordinaries lost 53.7 points, or 1.5%, at 3619. Some US economic research institutions admitted the recession actually started last December, and now the questions are how bad and how long it will be.

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Australian Market Report of November 28: A Quiet Day

🕔11/28/2008 1:00:12 PM

On Thursday, the Australian share market closed higher for a fourth day with around 1.4 per cent stronger led by the big miners as commodities surged. The benchmark S&P/ASX200 index closed up 48 points, or 1.36 per cent, at 3588, while the broader All Ordinaries gained 48.6 points, or 1.4 per cent, at 3528.2. Analysts said the market seems to be a little quiet with less participation, except for some fluctuation after BHP's decision of dumping its takeover bid for Rio Tinto.

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Australian Market Report of November 27: Rally Expected to Sustain

🕔11/27/2008 1:00:58 PM

The Australian market closed lower on Wednesday. The benchmark S&P/ASX200 index ended down 83.4 points, or 2.3 per cent, at 3540.0, while the broader All Ordinaries dropped 95.8 points, or 2.68 per cent, to 3479.6. Analysts expect the US rally sustain for a while as there are some good signs in the global financial markets.

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