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| | | ... straight triple-digit swings. Bond prices rose as the stock market became more volatile. Tightening the rules on how big banks trade their money could hurt profits at those companies. The market was mixed earlier as good earnings news was tempered by ... |
| | | | ... holds its annual general meeting. On Monday, the Australian share market closed slightly higher, lifted by most of the big banks which were boosted by an upgraded profit forecast from the Commonwealth Bank late on Friday. The benchmark S&P/ASX200 index ... |
| | | | The Australian share market was lower at noon, led down by miners and the big banks. At 1200 AEDT, the benchmark S&P/ASX200 index was 29.3 points lower, by 0.60 per cent, at 4,868.7 points, while the broader All Ordinaries index had lost 26.0 points ... |
| | | | ... said T. Rowe Price is a lot more cautious and and suggested investors stick to the established names. "If you own the big banks, the big oil companies, the big retailers and the big telcos, you'll do fine," he said. T. Rowe Price's global equities fund ... |
| | | | ... - The stock market turned mostly higher on Wednesday, following the lead of financial stocks as the heads of several big banks testified before US Congress about the financial crisis. Stocks fluctuated for much of the morning but strengthened as the ... |
| | | | ... perversely reducing the number of IFAs in the country. "You will get this drift of independent advisers joining the big banks and this [fiduciary duty] could become a tick-the-box exercise," he said. He said the unintended consequence of Ripoll's recommendations ... |
| | | | ... There's a bit of profit-taking. "There's no specific domestic news that's affected the market." The major miners and four big banks were struggling. BHP Billiton declined 98 cents, or 2.63 per cent, to $36.22 and Rio Tinto fell $1.65, or 2.8 per cent ... |
| | | | ... Spiteri said. Telstra shares bounded back into positive territory adding 13 cents, or 4.18 per cent, to $3.24. The four big banks jumped higher. Commonwealth Bank climbed $1.42, or 3.05 per cent to $47.93, National Australia Bank rose 78 cents, or 2.77 ... |
| | | | ... down. Rio had fallen $1.42 or 2.43 per cent at $57.13 while rival BHP Billiton lost 50 cents at $37.26. But the four big banks gave support to the market, partially offsetting the weight of the miners. ANZ added 15 cents at $19.44, NAB rose 38 cents ... |
| | | | ... Billiton had lost $1.06 or 2.73 per cent at $37.73 while Rio Tinto dropped $1.38 or 2.23 per cent to $60.52. The four big banks also were lower. Westpac was down 12 cents at $22.81, NAB fell 45 cents to $25.30, ANZ had lost 13 cents at $19.34, and Commonwealth ... |
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