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| | | The Australian stock market was higher at noon, led by the financial sector after news that the US government would take over troubled mortgage institutions Freddie Mac and Fannie Mae. At 1200 AEST, the benchmark S&P/ASX200 had added 187 points, or ... |
| | | | ... negative news on the financial sector. Shares of Fannie Mae and Freddie Mac tumbled overnight on speculation that the US government will need to bailout these companies. These concerns were fanned by Freddie Mac's US$3 billion 3-year debt auction, which ... |
| | | | ... were affecting the local market heavily. Every stock in the Dow had fallen last night after news emerged that the US government might have to bail out mortgage-finance giants Fannie Mae and Freddie Mac. "I really believe we've got value in our market," ... |
| | | | ... 20 percent last night on the back of an article in Barron magazine stated that it is increasingly likely that the US government will bail out these government sponsored entities (GSEs) because they are likely to fail to raise needed capital. The article ... |
| | | | ... the broader All Ordinaries fell 94.4 points to 4,995.9. NEW YORK - Wall Street receded again on Wednesday after a US Government report on retail sales and a jump in oil prices raised concerns on whether consumer spending could generate economic growth. ... |
| | | | Getting super contributions up to 15 per cent and pushing retirees to income streams is more important than fixing fees and administrative efficiencies, said superannuation's political architect and former Prime Minister, Paul Keating. "You can fluff ... |
| | | | ... HSBC. The Hang Seng Index dropped 170.09 points to 22,014.46 WELLINGTON - NZ stocks fell over one per cent as the US government tried to calm markets over new troubles in the mortgage market. The NZSX-50 index dropped 41.44 points to 3080.10. |
| | | | People arguing that Australia should relax its inflation targets are peculiar and misguided, argues Ken Henry, secretary of the Commonwealth Treasury. Henry's comments, in a speech he gave yesterday to a forum of Australian Business Economists in Sydney ... |
| | | | One of the major recommendations that came out of the recent 2020 Summit was for a "root and branch" review of tax system even though we all know this is just code for Prime Minister Rudd wanting to increase, not lower, the tax take. Case in point is ... |
| | | | Federal minister for superannuation and corporate law, Nick Sherry, has announced plans to reduce the hassle behind finding lost super accounts by rationalising the register. Sherry said lost super accounts represented roughly one in five of all superannuation ... |
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