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| | | The Australian share market had plunged deeper into the red at noon, amid concerns of a US recession and its likely impact on global growth. At 1215 AEDT the S&P/ASX200 index was down 260.6 points, or 4.67 per cent, to 5,319.8 and the All Ordinaries ... |
| | | | There's growing expectation among European economists that the European Central Bank (ECB) will be forced to follow the Federal Reserve and the Bank of England and start lowering interest rates. Ironically, iterations from executive board member Juergen ... |
| | | | ... meeting convened in Washington between the IMF and the Iraqi Minister of Finance Jabr Al-Zubaydi, Governor of the Central Bank of Iraq (CBI) Al-Shabibi, Minister of Oil Al-Shahristani and other senior officials from their banking community. According ... |
| | | | ... global central banks to thaw credit markets could work, sending financial shares lower. In a sign of scepticism about central bank efforts to combat the credit squeeze, interbank lending rates showed only a slight decline on Thursday. At close, however ... |
| | | | A directionless Australian share market edged into positive territory at noon as a positive but erratic lead from Wall St was offset by an ailing property trust sector. General insurers also were lower as claim numbers related to storms in Sydney last ... |
| | | | ... quiet revolution is happening inside Australia's Reserve Bank. The Bank of Canada, the Bank of England, the European Central Bank, the US Federal Reserve and the Swiss National Bank have just announced a new plan to create an auction system where term ... |
| | | | The Australian stock market is expected to open higher today following a positive lead from Wall Street as US stocks rose after the Federal Reserve and other central banks sought to ease a global credit crunch. Metals in London were mixed overnight. ... |
| | | | ... cent weaker at noon, following Wall Street's disappointment over a smaller-than-expected interest rate cut by the US central bank. At 1200 AEDT the benchmark S&P/ASX200 index was 70.3 points or 1.05 per cent lower at 6610.1 and the All Ordinaries was ... |
| | | | While the sub-prime fiasco showcases how banks are still the crown jewel of the financial system, the expanding role of non-bank financiers is unstoppable and market regulators will eventually have to figure out a way to deal with this new reality. ... |
| | | | The US Federal Reserve, stung by criticism it dropped rates to protect favoured institutions in a preferred segment, is warning they won't keep protecting them forever. "To be sure, lowering interest rates to keep the economy on an even keel when adverse ... |
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