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| | | ... - were less pessimistic. Fitch commented that even a 50 per cent haircut for Greek bondholders would not deplete Germans banks' capital to prompt a ratings change. S&P said that a Greek restructuring would not result in an automatic downgrade of Irish ... |
| | | | ... outlook downgrade from Japan and the Greek government's failure to win opposition support for yet more austerity measures. The banks provided some support after the sector was upgraded by some brokerages following its recent laggard performance. In London ... |
| | | | ... "The situation has worsened and nervous investors can expect more volatility across all markets, as governments and central banks wrestle with this issue in coming weeks and months," noted Mark Dutton, chief investment officer, AXA, Australia & NZ. Greece ... |
| | | | ... "despite" Fitch Ratings warning that, "The worst consequence of any Greek sovereign default for German and other European banks would be a sharp increase in general capital market and creditor risk aversion at a time when many banks are still in rehabilitation ... |
| | | | ... was three points higher at 4,633, with 7,040 contracts traded. Wall Street indices edged slightly lower on Tuesday after banks Goldman Sachs and Morgan Stanley predicted the price for Brent Crude, London's benchmark, would reach $US130 a barrel in 2012. ... |
| | | | ... All Ordinaries index dropped 14.6 points, or 0.31 per cent, to 4,708.3. NEW YORK - US stocks edged down on Tuesday as two banks predicted oil prices will rise to $US130 a barrel and data showed the market for new homes remained weak. The Dow Jones Industrial ... |
| | | | ... local market opened down about 0.2 per cent and moved further into negative territory during the morning as the big retail banks led bourse lower. Financial stocks had lost 0.99 per cent by 1203 AEST, according to Iress data. Other sectors posting significant ... |
| | | | ... begging China to do. Just forget that this is what Beijing had been trying to engineer with the succession of increases in its banks' reserve requirement, investment and lending restrictions and interest rate hikes. Forget these and we're as good as ... |
| | | | ... European markets suffered similar stiff losses with Milan the worst hit after the S&P move, losing more than 3.0 per cent. Banks were badly hit as the economic outlook dimmed, with Barclays in London down 1.96 per cent and emerging markets specialist ... |
| | | | Australian shares continued to fall from a sharply lower open on Monday, with banks stocks losing the most ground amid widespread selling. At 1200 AEST, the benchmark S&P/ASX200 index was down 73.2 points, or 1.55 per cent, at 4,659 points, while the ... |
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