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| | | The Australian stock market was in positive territory at noon across all sectors except materials, which is suffering from weaker commodity prices. At 1207 AEST, the benchmark S&P/ASX200 was up 28.5 points, or 0.58 per cent, at 4,952, while the broader ... |
| | | | Two of the world's investment banking giants Goldman Sachs and Morgan Stanley have morphed into bank holding companies - a historic move to avert a disastrous turn similar to Lehman Brothers and Bear Stearns. Goldman Sachs announced in a statement yesterday ... |
| | | | Australian insurance giant, TOWER and global financial services firm, Bank of New York Mellon have been quick to clarify the firms have little to no exposure to Lehman Brothers and AIG. In an Australian Securities Exchange (ASX) statement, TOWER Australia ... |
| | | | The world's major central banks have launched a joint effort to address the on-going liquidity crisis and stabilise financial markets. This failed in December 2007 when the economic and financial backdrop were much better, will it succeed this time? ... |
| | | | Banking stocks dragged the Australian share market down at noon as the bailout of insurance giant American International Group (AIG) failed to calm global financial markets. At 1200 AEST, the benchmark S&P/ASX200 was 166.8 points or 3.53 per cent lower ... |
| | | | The Australian stock market has received a strong negative lead, with Wall Street indices crashing more than four per cent overnight. Oil, gold and silver rebounded as investors sought safe havens. At 0716 AEST, the Sydney Futures Exchange's September ... |
| | | | While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out. "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday ... |
| | | | Volatile trading continued on Wall Street overnight as investors continued to digest the implications of the Lehman Brothers' collapse on the financial system. Equities were whipsawed, first sliding on the US Federal Reserve's decision to keep interest ... |
| | | | The Australian stock market has received a positive lead from Wall Street, despite the turmoil in the financial sector. Major US indices finished over one per cent higher, although gold, silver, oil and copper were down. At 0737 AEST, the Sydney Futures ... |
| | | | 'This is a once in a half century, probably once in a century type of event.' (Alan Greenspan). Are we headed for a repeat of the global depression of the 1930s? This might sound too alarmist but indeed, quite a possibility as one giant US financial ... |
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