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| | | ... BHP Billiton lost 58 cents, or 1.57 per cent to $36.40, and rival Rio Tinto fell $1.21 or 1.85 per cent to $64.04. Major banks and financial stocks also suffered losses, with the financials sector index off 1.0 per cent. National Australia Bank dropped ... |
| | | | ... oversight and quick resolution of any discrepancies," said Daniel Simpson, chief executive at Cadis. More than 35 clients across banks, asset managers, hedge funds and insurance companies have successfully implemented the platform. BT Investment Management ... |
| | | | ... Bank's (ECB) three-month Long-Term Refinancing Operation (LTRO) tender met with very low demand, suggesting that European banks are able to source funding through the capital markets. The Chicago purchasing managers index declined to 59.1 per cent in ... |
| | | | ... markets suffered sharp falls on Wednesday, while European markets rebounded slightly after economic data indicated eurozone banks appeared to be in better shape than previously feared. At 0805 AEST on the Sydney Futures Exchange, the September share ... |
| | | | ... In efforts to slow its economy, China have already tightened rules on property market development and investment, raised banks' reserve requirements, guided interest rates lower, mandated less lending, etc. And that etcetera may be its recent announcement ... |
| | | | ... investors won't take on any major positions until that data us out of the road. "Caution is the name of the game." The major banks had led the overall market's rise during the morning. National Australia Bank was up 22 cents at $23.75, Westpac had gained ... |
| | | | ... Briefing.com analysts said in a note to clients. They noted that the so-called "Volcker rule," which is aimed at banning banks from proprietary trading, "was softened by Senate negotiators" in the final legislation. The bill heads to votes by both chambers ... |
| | | | ... "There are also concerns the regulatory changes with financials will be stronger than expected. "It won't really affect banks here, but a lot of people in the US were selling bank stocks last night and investors here have followed." Mr Potter said Australian ... |
| | | | ... launched a new service that lets planners access corporate bonds for their clients that have traditionally been the preserve of banks, fund managers and the ultra wealthy. The new DirectBonds service lets investors buy high-yielding, investment-grade ... |
| | | | ... bills for two to three year maturities. Issuance is one of many factors that are keeping spreads wide, he said. "The big banks were big issuers of RMBS in the 2006 and 2007 period but it's not very efficient for them to do that now so there's not much ... |
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