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Showing 1451 - 1460 of 1816 results for "GIA"

Market wrap - midday

MICHELLE BALTAZAR  |  WEDNESDAY, 24 SEP 2008
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 ...

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
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 ...

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
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 ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
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? ...

Market Wrap - Midday

AAP  |  THURSDAY, 18 SEP 2008
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 ...

Market Wrap - Morning

AAP  |  THURSDAY, 18 SEP 2008
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 ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
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 ...

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
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 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 17 SEP 2008
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 ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
'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 ...