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| | | ... that's out there. On the same day that the EU formally approved Spain's a,-100 billion rescue package to recapitalise its banks came news that Spain's Valencia region announced that it needed Madrid to save it from its debt. It needs to repay some a,-2.9 ... |
| | | | ... into a trading halt, with the network poised to announce the sale of its outdoor advertising business Eye Corp. Among the banks, Westpac was nine cents lower at $22.86, ANZ fell 19 cents to $23.04, National Australia Bank lost 13 cents to $23.95 and ... |
| | | | ... funds for trading. "We've been in the wealth business for a long time," AFP reported Viniar as saying and given European banks retrenching amid the eurozone debt crisis, "there are some of our clients that need dollar funding." Earlier this week Goldman ... |
| | | | ... slowdown in trading of fixed-income currency and commodities of up to 32% quarter-on-quarter. Analysts were predicting that banks will cut more jobs this year - perhaps another 5% of their workforces due to weak profits, even after thousands of layoffs ... |
| | | | ... yesterday," Mr Sekely said. "Even though we're seeing BHP and Rio up, there's still a flight to quality, with investors buying the banks and Telstra." US stocks climbed for a second straight day amid upbeat earnings reports and after a Federal Reserve ... |
| | | | ... 40 jumped 1.84 per cent to 3235.40 points. Madrid rose 0.50 per cent despite news of rising bad loans at its struggling banks while Milan put on 0.43 per cent. The European single currency was lower at $1.2268 from $1.2292 in New York late Tuesday. HONG ... |
| | | | ... which, Moody's has just done to Italy what it did to Spain, which it did to Greece. Moody's slashed the ratings of 13 Italian banks - including UniCredit (the biggest) and Intesa Sanpaolo (the second biggest) - overnight after downgrading Italy's rating ... |
| | | | ... off early lows when investors took profits on last week's gains following US retail sales data. Locally, the four major banks and Telstra gained. Westpac was up 17 cents to $22.33, ANZ was 13 cents higher at $22.61, National Australia Bank gained eight ... |
| | | | ... year-on-year. "We expect similar trends over the coming months, although a few more opportunities in risk should open up at both banks and consulting firms, thanks largely to the introduction of Basel III," said George McFerran, managing director of ... |
| | | | ... until we're well and truly cooked. Where are we? We're in a good place. Equity market valuations are attractive, central banks are turning on the pump, companies are downing in cash, China is not going to land hard, etc. So buy, buy, buy. But... a single ... |
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