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Market Wrap - Morning

AAP  |  WEDNESDAY, 24 SEP 2008
The Australian stock market is expected to open lower today after US stocks fell again as investors worried that the US congress was beginning to doubt the need for a government bailout of financial institutions as a way to revive credit markets. At ...

Nomura absorbs Lehman Bros Australia

MICHELLE BALTAZAR  |  TUESDAY, 23 SEP 2008
Around 3,000 Lehman Brothers employees, including those in Australia, will soon work for Nomura Holdings, after the Japanese investment firm inked a deal to buy Lehman Brother's entire franchise in Asia-Pacific. The deal is still subject to certain ...

Borrow from Peter to pay Paul

BENJAMIN ONG  |  TUESDAY, 23 SEP 2008
Financial markets' attention remains centred on what the US government's 'mother of all bailouts' will eventually turn out to be and more important, how much it will cost. Just as the Financial Standard Intelligence Unit (FSIU) predicted, equity markets ...

Market Wrap - Morning

AAP  |  TUESDAY, 23 SEP 2008
The Australian stock market has received a negative lead from Wall Street, where volatility swept across the financial markets as doubts intensified over the US government's $US700 billion bailout of the banking sector. At 0744 AEST, the Sydney Futures ...

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
Two of the world's investment banking giants Goldman Sachs and Morgan Stanley have morphed into bank holding companies - a historic move to avert a disastrous turn similar to Lehman Brothers and Bear Stearns. Goldman Sachs announced in a statement yesterday ...

Market Wrap - Midday

AAP  |  MONDAY, 22 SEP 2008
The Australian stock market was more than four per cent higher at noon after gains for the financial and resources sector following positive news from Wall Street and stronger metal prices. At 1215 AEST, the benchmark S&P/ASX200 was 196.5 points, or ...

Market Wrap - Midday

AAP  |  FRIDAY, 19 SEP 2008
Financial stocks buoyed the Australian share market at noon after a strong late-session rally on Wall Street early this morning recovered much of yesterday's losses. At 1200 AEST, the benchmark S&P/ASX200 had gained 208.3 points, or 4.52 per cent to ...

HBOS Australia gives Lloyds thumbs up

RUTH LIEW  |  FRIDAY, 19 SEP 2008
HBOS Australia's parent company is being swallowed by UK bank Lloyds TBS, but its local arm is welcoming the move as a way to grow its client base. In a statement released by the company, HBOS Australia claims the acquisition would position the firms' ...

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
Australian Securities Exchange (ASX) listed, Mahogany Capital is voluntarily suspending the trading of its $75 million Notes Series I ahead of possible financing issues with Lehman Brothers. The firm announced the trading halt two days ago and then ...

Market Wrap - Morning

AAP  |  FRIDAY, 19 SEP 2008
The Australian stock market has received a positive lead, with Wall Street shooting higher on reports the federal government may create an entity that will take over banks' bad debt. At 0738 AEST, the Sydney Futures Exchange's December Share Price Index ...