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| | | ... trade and retail sales later in the week indicating how small business has reacted to the budget tax cuts. Among the major banks, ANZ was up 35 cents to $32.55, Westpac had added 27 cents to $32.42, Commonwealth Bank had gained $1.17 to $86.30, and National ... |
| | | | ... were heavy falls in US and European markets overnight, particularly the latter, due to the economic turmoil in Greece where banks are closed and the odds of a eurozone exit increase. The big Australian banks were weaker, with the financial sector in ... |
| | | | ... transition away from the euro currency and create turmoil on global markets. Mr Tsipras's government has closed the country's banks for a week and restricted withdrawals from ATMS to 60 euros per person per day to avoid a collapse of the country's financial ... |
| | | | ... alternatives such as the US dollar, Japanese yen and gold. On Sunday, Greece prime minister Alexis Tsipras announced that Greek banks would remain shut indefinitely and restrictions would be imposed on cash withdrawals. Talks between Greece and its creditors ... |
| | | | ... property price growth over the past four quarters." On the topic of monetary policy developments, the report said the central banks in Australia, Canada and Norway eased "as inflation declined along with commodity prices, even though core inflation remained ... |
| | | | ... assistance to Greece that we feared at the start of last week is happening this week... and according to reports, Greek banks - and the Stock Exchange - would be on holiday for all of this week. This means Greece would be broke, or more broke, or broken. ... |
| | | | ... the looming default deadline of Tuesday. IG chief market strategist Chris Weston said the heavy recent short selling in banks - investors profiting form falls in stocks - had also been adding to falls in that sector. "No-one expected to see falls like ... |
| | | | ... fell almost one per cent as the fresh problems emerged in talks between Greece and its international creditors. The big banks were all in negative territory, with Commonwealth Bank down 44 cents, or 0.52 per cent, to $86.75, National Australia Bank dropped ... |
| | | | ... equities." Australian investors are "well ahead of this trend. We've seen SMSF investors have a preference for the big four banks, which pay high dividends." However, "Australians should be re-thinking their domestic equities bias, and looking overseas ... |
| | | | ... approach," he said. "We need to recognise that markets are all about taking risks and should be regulated in different ways to banks. We need to make a very clear case for acting before we act. We should not use tools developed in the banking and insurance ... |
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