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| | | ... economy is not heading for a hard landing was tempered by Beijing's decision to almost immediately hike the amount of cash banks must keep in reserve, surprising traders. Hong Kong finished 0.68 per cent off, dipping 152.23 points to 22,343.77 and Shanghai ... |
| | | | ... addresses an Economic Society of Australia luncheon. There is no significant equities news scheduled on Wednesday. Among the banks, Commonwealth Bank of Australia was up 12 cents to $50.57, ANZ lost 13 cents to $21.70, NAB fell 2 cents to $24.50 and ... |
| | | | ... impotence to keep rising prices at bay. The PBOC immediately announced that it would lift the reserve requirement ratio for banks by 50 bps effective 20 June. Ochi ('no' in Greek as per google). Yep, the Greek problem has not gone away. Ten-year bonds ... |
| | | | ... hikes and other monetary tightening. Hours later China's central bank announced a fresh increase in the amount of money banks must hold in reserve, effectively limiting their lending, as leaders try to soak up liquidity. Despite the high inflation rate ... |
| | | | ... off 91 cents, or 1.1 per cent, at $79.29, and Fortescue was eight cents weaker, by 1.3 per cent, at $6.24. The big retail banks were mostly in the red, too. ANZ was three cents lower at $21.50, CBA was flat at $49.59, NAB was 17 cents weaker at $24 ... |
| | | | ... analysts' forecasts. Shanghai shares tumbled because of worries about a liquidity squeeze after figures showed new loans by banks in May fell sharply from the previous month as the government tries to rein in the flood of cash that is stoking inflation. ... |
| | | | ... further evidence that the RBA will not need to raise rates quite as aggressively as expected," Mr Saffer said. The major banks were higher at 1210 AEST. Commonwealth was up 21 cents at $49.53, NAB was up 10 cents at $24.18, ANZ was 20 cents higher at ... |
| | | | ... be allowed to handle superannuation payments. Small businesses worried how they will handle superannuation payments when banks begin phasing out cheques - a development banks have recently announced they are starting to consider - at least now have one ... |
| | | | ... digested Citi's downgrade of the stock on Tuesday, Mr Saffer said. "That could spark more revisions from other investment banks." Macquarie's shares plunged 93 cents, or 2.91 per cent, to $31.07. Retailers lost ground, with JB Hi-Fi plunging 41 cents ... |
| | | | ... growth at or above trend," Mr Spooner said. Financial stocks were the greatest weight on the market in early trade, with banks posting the largest falls. Commonwealth Bank lost 41 cents to $49.27, National Australia Bank was down 14 cents at $24.29 ... |
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