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| | | ... contract was up 17 points at 3,485 on a volume of 11,561 contracts. The big banks were stronger at 1203 AEDT. Commonwealth Bank of Australia was up 46 cents, or 1.75 per cent, at $26.77, National Australia Bank had added 60 cents, or 3.33 per cent, to ... |
| | | | The Australian sharemarket is likely to open higher following a strong from Wall Street. At 0648 AEDT on the Sydney Futures Exchange, the March SPI futures index was 73 points higher at 3,541. In economic news on Tuesday, Optus will release its SMB ... |
| | | | Bad bank sparks optimism in US equities. Last night's decision by the US Federal Reserve's Federal Open Markets Committee to leave interest rates unchanged at virtually zero was a no-brainer. How can it do otherwise when the deepening financial and ... |
| | | | ... lows," CommSec market analyst Juliette Saly said. "We're seeing good gains in financial stocks today with the Commonwealth Bank leading the way, although on very thin trading." At 1206 AEDT, Commonwealth Bank was up $1.60, or 6.47 per cent, at $26.34. ... |
| | | | ... turned spending conscious would have also helped bring the general level of prices lower. Bigger fish to fry. The Reserve Bank of Australia (RBA) meets next week for its first monetary policy meeting of 2009. Chances are whatever today's ABS numbers ... |
| | | | Credit Agricole Asset Management's clients in Australia are expected to reap the rewards of enhanced investment expertise following the merger of Credit Agricole with French banking giant, Societe Generale. Credit Agricole released a statement yesterday ... |
| | | | ... services firms across the globe. Last year, US banking giant Citibank slashed up to 50,000 jobs worldwide. Locally, Macquarie Bank, ANZ and Westpac and St.George have also been shedding staff to weather tough market conditions. |
| | | | ... and go for quantitative easing. The Fed indicated as much in its December FOMC meeting statement. As well, the US Central Bank put forward the idea of credit targeting. That is, it will facilitate the extension of credit to households - personal loans ... |
| | | | ... production reports. On Friday, the Australian share market closed down by just over four cent to a near five-year low as bank and resource stocks were weighed down by continuing concern about the health of the global economy. The benchmark S&P/ASX200 ... |
| | | | ... cents, or 1.8 per cent, to $38.10. MORE rlm/pe Mr Potter said the domestic financial sector had been spooked by talks of bank nationalisation in the United Kingdom. "It's doing nothing for confidence," he said. At 1205 AEDT, National Australia Bank had ... |
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