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| | | ... last week to trade 1.4 per cent up, after a significant rebound in European bank stocks on Friday. All the major retail banks gained ground, with Westpac the strongest performer, up 2.35 per cent to $19.17. Energy stocks slipped 0.85 per cent after world ... |
| | | | ... a gain of 0.63 per cent to 5,196.56 points. In Paris, the CAC 40 rose 1.02 per cent to 2,8010.11 points with beleaguered banks Societe Generale and BNP Paribas up more than seven per cent. Elsewhere in Europe, Madrid rose by 2.12 per cent, Milan by 1.36 ... |
| | | | ... 0915 GMT (1915 AEST), the euro dived to 103.14 yen, hitting the lowest level since June 2001. Paris shares were dented by banks that are seen as exposed to risky sovereign debt in Italy and Greece. Athens on Wednesday unveiled more painful cuts to unlock ... |
| | | | ... Composite shed 52.05 points, or 2.01 per cent, to 2,538.19. Aside from the Fed's measures, Moody's downgraded three top US banks - Bank of America, Wells Fargo and Citigroup - as it sees the US government less willing than before to rescue them if they ... |
| | | | ... growth, high unemployment and a depressed housing market. Traders also digested a series of Moody's downgrades on three top US banks - Bank of America, Wells Fargo and Citigroup - saying it saw the US government less willing than before to rescue them ... |
| | | | The Australian share market gave up early gains to be slightly lower at noon, with falls by the big four banks overshadowing gains in other sectors. After opening about 20 points higher, the market drifted back into negative territory and at 1200 AEST ... |
| | | | ... together folks. Developed markets are surely going to be affected because of their exposure to Greek debt. Several French banks have already been downgraded because of this, and German banks are also exposed. The Bank of International Settlements (BIS) ... |
| | | | ... stocks falling. Financial stocks pulled the local bourse down the most, falling 2.3 per cent on uncertainty about local banks' exposure to international risk from Europe. All four major retail bank stocks dropped, with Commonwealth Bank down 1.6 per ... |
| | | | ... get out before everyone realises this is a hoax'. And it is a hoax. Gold is not used in industry, its not used by central banks in a real way." Swanson said gold is a psychological asset class and as soon as that psychology breaks and there is no income ... |
| | | | ... for instance, the US government, did not attach more stringent conditions to the TARP monies it disbursed to salvage its banks and investment institutions - and the Fed's QEs -- they only ended up as increased pay and bonuses to culprit financial institutions ... |
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