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| | | ... Citigroup also fueled a rally that pushed the Dow to its best week since February as investors took comfort that the biggest US bank is taking aggressive steps to resolve credit problems that led to its latest quarterly loss, fueling hopes that the credit ... |
| | | | Tourists from the US and Japan may be down but hotel property investments are still a good bet thanks to a growing number of visitors from China, Korea and India, according to Abacus Funds Management. Abacus claims Australia's hospitality industry would ... |
| | | | ... points, or 1.71 per cent, to 5,410.9. NEW YORK - US stocks edged lower overnight after an unexpected quarterly loss from US bank Wachovia Corp dragged down the financial sector, overshadowing strong gains in energy companies as oil closed at a record. ... |
| | | | The Australian sharemarket was weaker at noon, after US stocks fell overnight on worries about a cutback in business spending and fears of another major casualty in the banking sector. At 1200 AEDT, the benchmark S&P/ASX200 index was down 81.8 points ... |
| | | | ... leading share index fell one per cent, as banks on both sides of the Atlantic slid on fears that emergency financing for US bank Bear Stearns could portend further turmoil for the sector. The FTSE 100 closed at 5,631.7 points, down 60.7 or 1.07 per cent. ... |
| | | | The Australian stock market is expected to open higher today after US stocks advanced overnight. At 0704 AEDT on the Sydney Futures Exchange, the March share price index futures contract was up 32 points to 5,641. Company reporting season continues ... |
| | | | The adviser market has been singled out as the next hotspot for US bank-backed BNY Mellon Asset Management Australia. "We're really keen to develop our presence in the adviser market and we're working with St.George as our partner to do the job. It's ... |
| | | | The Australian stock market was in the black at noon on the back of a positive lead from Wall Street, after bargain hunting pushed US stocks up overnight. At 1200 AEDT, the benchmark S&P/ASX200 was 56.5 points higher at 5,653.2, while the broader All ... |
| | | | ... chip maker, posted earnings and a profit forecast that disappointed investors. But JPMorgan Chase & Co, the number three US bank, provided comparative relief from the gloom cast by Citigroup's record quarterly loss on Tuesday, and lent support to the ... |
| | | | ... Australian share market is expected to open lower as US stocks plunged overnight on the back of a record quarterly loss at top US bank Citigroup Inc and a surprise drop in US December retail sales. On the Sydney Futures Exchange at 0805 AEDT, the March ... |
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