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Showing 1431 - 1440 of 1955 results for "Default"

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 JUL 2011
... market is expected to decline after US stocks fell on a White House threat to veto legislation that would avert a US debt default. But Australian resource stocks may gain after the price of metals and oil rose. At 0826 AEST on the ASX 24 on Wednesday ...

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
... our citizens for many years to come if we fail to act- and act now." Not only must the debt ceiling be raised to avoid default, the letter read, but it must also address the "real problem" of a huge budget deficit, both current and long term. A downgrade ...

ORBIS launches cash based fund

RACHEL DAVIS  |  TUESDAY, 26 JUL 2011
... sharemarket but want a better return than cash over time," said Orbis Australia Fund portfolio manager, Simon Marais. "The default position is 100 per cent in cash and money market instruments with the option to invest up to 50% on the ASX. This option ...

No way USA can't repay

BENJAMIN ONG  |  TUESDAY, 26 JUL 2011
... the Dow to lose 0.7% and the S&P 500 0.6%. Yup, grim reading. But if investors really, truly believe that America will default -- or the most recent scare, that USA will lose its AAA even if a default is averted - and unleash hell in the financial markets ...

Market Wrap - Morning

AAP  |  TUESDAY, 26 JUL 2011
... deadlock over raising the US debt ceiling sent stocks tumbling on Monday, as the August 2 date to avoid a government debt default grew closer with no deal in sight. The Dow Jones Industrial Average closed down 88.36 points (0.70 per cent) at 12,592.80. ...

Market Wrap - Midday

AAP  |  MONDAY, 25 JUL 2011
... Australian stock market was lower at noon, extending losses from the morning as investors fretted over worries a potential US default. At 1206 AEST, the benchmark S&P/ASX200 index was down 41.7 points, or 0.91 per cent, at 4,561.2 points, while the broader ...

Market Wrap - Morning

AAP  |  MONDAY, 25 JUL 2011
... moving closer. If the US debt ceiling is not raised by then, the country will have to slash spending and could be forced to default on its debt. Bond prices rose. The yield on the 10-year Treasury fell to 2.96 per cent from 3.01 per cent late Thursday ...

Deal or no deal

BENJAMIN ONG  |  FRIDAY, 22 JUL 2011
... fresh Greek bonds issued to the banks if credit rating agencies make good on their threat of rating Greece in "selective default" with fresh loans extended to Greece at a 3.5% interest rate with average maturity of 15 years and a grace period of 10-years. ...

They will deal

BENJAMIN ONG  |  THURSDAY, 21 JUL 2011
... been in a shambles by now. Or it might be because except for a few 'old timers', no one has ever experienced an American default. Not even US President Barack Obama. He was not even conceived when the last one happened. According to the New York Times ...

Market Wrap - Morning

AAP  |  THURSDAY, 21 JUL 2011
... Wednesday, a day before leaders of the eurozone were set to meet for an emergency summit to discuss ways to avoid a Greek default. Boeing jumped 2.2 per cent after American Airlines announced it was ordering 200 Boeing 737 passenger jets, despite the ...