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| | | Australian shares were in positive territory at noon but had shed modest gains within hours of the open, as investors remained nervous ahead of a crucial vote on the next European bailout for debt-laden Greece. IG Markets' dealer Chris Weston said the ... |
| | | | Forget the risk on, risk off trade - what we're having now is the 'hope' trade. It would be hard for anyone not to notice the spectacular resurgence in the share prices of European stocks that happened overnight. The FTSE-100 ended 4.02% on the up and ... |
| | | | Nervous investors have been flooding money into the safety of bank deposits since the global financial crisis. This has pushed the deposit sector to a record $1.5 trillion, building a clear lead over the $1.4 trillion superannuation savings pool. Super ... |
| | | | ... local financial sector was also 3.54 per cent higher, with all the major retail banks gaining ground. National Australia Bank was the strongest performer, up 4.8 per cent to $22.17. Making news on Tuesday, Telstra rose two cents to $3.06 after it announced ... |
| | | | ... security for a margin loan facility he operated. In his role, ASIC also alleges Carll provided false documents to Macquarie Bank to release funds to him on 27 separate occasions. The two clients involved lost a total of $52,931 as a result of his actions ... |
| | | | "There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee - that says, fool me once, shame on - shame on you. Fool me - you can't get fooled again." (George W. Bush) Ok, stop giggling now, we all know what the former US President ... |
| | | | The Australian market looks set to open higher after Wall Street closed up 2.5 per cent. At 0652 AEST on Tuesday, the December share price index futures contract was up 105 points at 3,984. There is no economic news expected on Tuesday. In equities ... |
| | | | ... higher, recovering slightly from a major sell-off last week to trade 1.4 per cent up, after a significant rebound in European bank stocks on Friday. All the major retail banks gained ground, with Westpac the strongest performer, up 2.35 per cent to $19.17. ... |
| | | | ... accepted the resignation of its chief executive, Oswald GrA1/4bel, after the recent rogue trading scandal that lost the Swiss bank $2.36 billion. Sergio Ermotti has been named group chief executive on an interim basis, following GrA1/4bel's resignation ... |
| | | | Oh no! This couldn't happen. Not now, not when the "Finance Minister of the Year" sits in Canberra. The A-dollar has fallen below parity with the US dollar. Australian deputy prime minister and federal treasurer Wayne Swan had been awarded the top gong ... |
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