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| | | Been there, done that. More money poured and promised to be poured into the economic and financial systems have not convinced equity markets that the 'beginning of the end' of the global financial crisis is nigh. US President Barack Obama declared these ... |
| | | | Australian markets have received mixed leads. While Wall Street was slightly higher in late-afternoon trade, precious metals were higher, copper was up, too, but crude oil ended up lower. At 0709 AEDT on the Sydney Futures Exchange, the March SPI futures ... |
| | | | The Australian share market has received a negative lead from Wall Street after stocks dropped for a fifth day as investors shrugged off signs the US Federal Reserve will cut interest rates and focused concern on financial companies' balance sheets. ... |
| | | | The Australian share market is set to fall at the open after world stock markets plummeted on Monday as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. At 0806 AEDT, the December Share Price ... |
| | | | ... points, or 9.14 per cent, to 1,983.73. LONDON - European stock markets plunged on Monday, as a series of US and European bank failures rattled investor hopes that the financial crisis might be contained. Dealers said news of a series of US and European ... |
| | | | The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall. The fate of Fortis ... |
| | | | The country's compulsory super will keep the investment management arms of the major banks chugging along despite the current market crisis - unlike their European and US counterparts which are under the hammer, if not already sold, as their parent ... |
| | | | Desperate times need desperate measures. The Reserve Bank of New Zealand (RBNZ) announced a surprise 50 basis point reduction in its benchmark interest rate as the domestic economy looks increasingly headed for a recession. With recession staring the ... |
| | | | A fresh wave of negative news on the credit market, growth worries and a decline in commodity prices overnight will put downward pressure on today's trading in the Australian stockmarket. Renewed concern over the financial sector and the outlook for ... |
| | | | ... had withdrawn from negotiations with Royal Bank of Scotland. Commonwealth Bank declared it was talking with the European bank but the proposal was incomplete and required further negotiation. In an Australian Securities Exchange (ASX) statement, Commonwealth ... |
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