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| | | ... Share Price Index futures contract on the Sydney Futures Exchange was down 301 points at 4,084. In economic news, the Reserve Bank of Australia releases its Bulletin for October. In company news, Ten Network Holdings reports its annual results. Woodside ... |
| | | | ... "Until we get some certainty from the US market, we are going to be volatile." Banking stocks were mixed. National Australia Bank dropped five cents to $23.98, Commonwealth Bank fell 99 cents, or 2.22 per cent, to $43.56 and ANZ Banking Group increased ... |
| | | | Suncorp chairman John Story has confirmed that discussions around the sale of the firm's banking and wealth management arms have ended for now. According to a statement released on the ASX, Story said that the market events in the past week in particular ... |
| | | | ... institutions that are callable after three years; insurance for all non-interest-bearing deposits, and; temporarily guarantee senior bank debt of all insured institutions and their holding companies. In addition to this, the Fed announced separately ... |
| | | | ... hoping extraordinary steps by government officials will help resuscitate stagnant credit markets. That led to buying among bank stocks, which helped lift the blue chip indices but left the technology-heavy Nasdaq composite index lagging. The Dow fell ... |
| | | | Fidelity International has rejigged its asset allocation - buying more US equities and government bonds - to prepare its portfolios for a market that is moving into the reflation stage of the economic cycle. "There's an old adage that says the markets ... |
| | | | ... where we saw some good strength and buying into the close. "Fingers crossed, we hold onto the gains." National Australia Bank rose $2.21, or 9.87 per cent, to $24.61, Commonwealth Bank gained $2.15, or 5.09 per cent, to $44.35 and ANZ Banking Group added ... |
| | | | Macquarie Bank's decision to sell its $3 billion investment lending arm is not expected to affect its Self Managed Super Fund (SMSF) leveraged property product, Property Lever. Dean Firth, Macquarie relationship banking executive director, said the ... |
| | | | ... director since 2004. Kennedy was also head of direct banking at ING and has held a number of senior positions at Advance Bank Australia, the State Bank of New South Wales and Monster Worldwide. Cuscal is a traditional provider of wholesale and transactional ... |
| | | | ... more measures out of the US aimed at unfreezing the credit crunch and restoring confidence in the global financial system. Bank guarantees and capitalization initiatives, totaling US$2.3 trillion, were announced by Germany, France, Britain, Spain, Austria ... |
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