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| | | ... contracts. The major miners were up. BHP Billiton added 62 cents to $38.77 while Rio Tinto gained $1.03 to $61.80. The four big banks also were higher. Westpac rose 49 cents or 2.22 per cent to $22.56, NAB gained 24 cents to $25.67, ANZ was up 16 cents ... |
| | | | ... is stabilising and financial companies are making profits. Bank of America, JP Morgan and Citigroup will be the next big banks reporting their earnings soon. Chances are we will witness the same result. Or shall we? Yes we shall. GS may have captured ... |
| | | | ... up $1.19, or 2.55 per cent, at $47.82 and rival BHP Billiton had gained $1.21, or 3.79 per cent, to $33.41. Among the big banks, Commonwealth Bank gained $1.10, or three per cent, to $37.82, ANZ lifted 31 cents, or 1.97 per cent, to $16.06, Westpac rose ... |
| | | | ... index contract was 54 points higher at 3884 on a volume of 10,374 contracts. Financial stocks led the way, with the big banks uniformly stronger. Commonwealth Bank shares were trading at $38.50, up 95 cents at 1203 AEST. Shares in the National Australia ... |
| | | | ... market prospects. Greener shoots. Standard & Poor's reaffirmed America's AAA sovereign credit rating. Ten of the US's big banks repaid US$68 billion in TARP funds to the government and promised to start immediate negotiations over repurchasing warrants ... |
| | | | ... from China's Minmetals. On Wednesday, the Australian sharemarket closed at a seven-month high, boosted by major miners, big banks and positive data on consumer confidence and housing finance. The benchmark S&P/ASX200 index rose 89.5 points, or 2.27 per ... |
| | | | ... do. "It's very good to see commodities coming back to the forefront today, especially with a weak US lead overnight. "Big banks and the miners are leading the charge." Rio Tinto had leapt $1.97, or 2.79 per cent, to $72.58, while BHP Billiton had advanced ... |
| | | | ... aside $US13.4 billion ($A18.54 billion) to cover lending losses even as it posted earnings that beat expectations. Other big banks have also increased loss provisions in recent weeks. Bank of America shares plunged 24 per cent. The Dow Jones industrial ... |
| | | | ... manager - protection. The new facility comes hot on the tail of an agreement between the Federal Government and the four big banks to offer mortgage relief to those who have been forced out of work because of the market downturn. |
| | | | ... Forrest addresses Melbourne Mining Club. The Australian share market closed lower on Monday after weakness among the big banks and global miner BHP Billiton and a negative lead from Wall Street. The benchmark S&P/ASX200 index was down 43.3 points, or ... |
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