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| | | ... forget, news reports report that there is now "near agreement" on the size of haircuts. Yes, only "near" agreement - European banks have already agreed to a 40% writedown of Greek debt but European governments want 60% shaved off. Now it's just a matter ... |
| | | | The Australian share market was fairly flat at noon with gains among the banks cancelled out by falls in the stocks of many miners. At 1223 AEDT the benchmark S&P/ASX200 index was up 10.9 points, or 0.26 per cent, at 4,155.8 while the broader All Ordinaries ... |
| | | | ... ministers as well as heads of state and government, would agree to beef up Europe's financial rescue facility and recapitalise banks under threat from the burgeoning two-year euro-crisis. Mr Sinton said investors weren't very optimistic that the summit ... |
| | | | ... of gold in Sydney was trading at $US1,629.70 per fine ounce, down $US30.17 from Wednesday's closing price of $US1,659.87. Banks and financials also sold off, with Westpac leading the big four banks lower after losing 45 cents, or 2.06 per cent, to $21.40. ... |
| | | | ... have indeed agreed on boosting the EFSF's firepower, they still need to compromise with regards to its use. Because of its banks' massive exposure to the PIGIs sovereign debts, France wants to use the EFSF immediately as a first line of defense to recapitalise ... |
| | | | ... and strong and mistakes will be made. The attractiveness of the money held in super means the security needs a regime the banks have used for some time." Vamos said the super industry is the third pillar with insurance and banking as recognised in StrongerSuper ... |
| | | | ... base metals production. Rio Tinto fell 53 cents, or 0.8 per cent to $65.72, and Woodside Petroleum lost 19 cents to $34.79. Banks and financial stocks were higher, with the big four lenders led by Commonwealth Bank which gained 62 cents, or 1.31 per ... |
| | | | ... face greater losses than those already agreed to. Ahead of a weekend meeting of G20 finance ministers in Paris, France said banks would probably be forced to write off more Greek debt than the 21 per cent proposed in a July eurozone accord on a second ... |
| | | | ... director of group strategy at Fidessa and the paper's principal author, told Financial Standard that brokers and investment banks could learn from similar developments elsewhere in the world. Grob said the UK market was unprepared for this situation ... |
| | | | ... 23.72 points (1.94 per cent) to 1,200.86, while the tech-heavy Nasdaq Composite slid 52.93 (1.98 per cent) to 2,614.92. Banks sank on a disappointing earnings report from Wells Fargo and doubt over accounting moves that produced solid returns for Citigroup. ... |
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