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| | | The Australian share market is expected to open sharply higher as Wall Street surged after The Federal Reserve Bank (Fed) cut its main lending rate by three-quarters of a percentage point to 2.25 per cent. At 0740 AEDT on the Sydney Futures Exchange ... |
| | | | A week after Macquarie Bank announced its decision to get out of the Australian mortgage market, the group's US subsidiary Macquarie Mortgages Inc of Jacksonville, Florida, wrote to brokers informing them that it would no longer be accepting applications ... |
| | | | ... turnaround - yesterday the banks were down four per cent and now up three per cent." The big four banks all were up, Commonwealth Bank leading the way, adding $1.15 to $38.50. By 1214 AEDT, National Australia Bank had found 77 cents to $27.62, Westpac ... |
| | | | ... forecast to remain historically high throughout the year, farm incomes are expected to improve," Frank Drum, National Australia Bank agribusiness economist told the Southern Cross. The reports of upbeat crop prices expectations in farming district newspapers ... |
| | | | ... JPMorgan Chase & Co after it agreed to a buyout of troubled Bear Stearns, raising hopes that fallout from the Wall Street bank's demise may be contained. But the broader market finished lower amid caution a day ahead of the Federal Reserve's rate-setting ... |
| | | | ... $2 per share, or a market capitalisation of more than $250 million. This values the company, the fifth-largest investment bank in the US, at less than a tenth of its market cap early this month. Also on hand is the US Federal Reserve, which will provide ... |
| | | | ... State Global Asset Management (CFS GAM), will step down from his role in June to pursue new business ventures. Commonwealth Bank has not renewed Negus' three-year contract which ends in June this year. However, he will be "available on a consulting basis" ... |
| | | | ... financial institutions on Sunday to increase the cash available to the banking system, and JPMorgan Chase said it would buy rival bank Bear Stearns, which needed funding assistance last week to avert collapse. At 1200 AEDT, the benchmark S&P/ASX200 index ... |
| | | | ... credit crunch, triggering a massive sell-off in shares across the board. Bear Stearns Cos, the fifth-largest US investment bank, sank as much as 50 per cent before closing down 45.9 per cent at $30.85. Before the opening bell, Bear Stearns shocked Wall ... |
| | | | Bluestone Group is the latest lender to make big cuts in its lending program in the face of increasingly risk-averse global debt markets. Bluestone, a specialist supplier of non-conforming loans, told staff and business partners yesterday that it would ... |
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