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| | | ... in debt. Separately, John Wilson, head of PIMCO Australia, said investors are focussing more on sovereign debt as central banks start to withdraw emergency measures. "While the support declared by European leaders and the International Monetary Fund ... |
| | | | ... end of the world. Bloomberg even quoted the head of market analysis at Schneider Foreign Exchange saying that the European banks' problems will be "Lehman times Ten." Sure it may happen, if Newton's third law of motion doesn't apply. Remember it? "For ... |
| | | | ... continued concerns over the eurozone debt crisis. A euro weakening on worries that Europe's woes now included the health of some banks in addition to sovereign debt problems also weighed on the market. The Nikkei's slide was part of a broad sell-off ... |
| | | | ... was a disappointing session, with financials and materials continuing to be worse for wear. "People who bought into the banks yesterday for a short term trade maybe closed their positions," he said. |
| | | | ... the weekend following news that the Bank of Spain has taken over CajaSur -- a regional savings bank. But haven't central banks and government institutions been rescuing the private sector most notably during the GFC? Yes. But it's different now. With ... |
| | | | ... dollar continued to plunge, falling to $US0.8191 by 1203 AEST, down more than two cents from yesterday's $US0.8315. Among the banks, Commonwealth Bank was down 52 cents, or 1.04 per cent, at $49.55, Westpac was one cent lower, or 0.05 per cent, at $21.81 ... |
| | | | ... European nations like Greece and Portugal will spill over to other countries, cause a cascade of massive losses for big banks and in turn halt the economic recovery in countries beyond Europe. The Labor Department's latest employment report added to ... |
| | | | ... Australian dollar opened more than one US cent lower on Thursday. By noon it had continued to fall to $US0.843. Among the banks, Commonwealth Bank was down 65 cents, or 1.27 per cent, at $50.73, Westpac was 42 cents lower, or 1.85 per cent, at $22.28 ... |
| | | | ... advice across a range of investment areas. "What you traditionally tend to see is that relationships with accountants and banks form very early in someone's [accumulation for wealth] and the influence of financial planners becomes stronger and stronger," ... |
| | | | ... determined to burn the euro to the ground? Germany banned the naked short selling on European government bonds, shares of 10 banks and insurers and credit default swaps. The ban will be in effect until 31 March 2011. This measure is intended to limit ... |
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