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| | | ... already been dispensed. But China was not alone in causing that sinking feeling on Wall Street overnight. Disappointment over banks earnings results also played a part. Bank of America reported a bigger than expected loss for the third quarter while ... |
| | | | ... control could hurt a global recovery. A top banking regulator said on Wednesday that China will tighten its monitoring of banks as it tries to prevent speculative bubbles in areas like real estate. It would be the latest effort by China to restrict runaway ... |
| | | | ... government bailout funds in December. "How do you find $US20 billion in your hip pocket?" Mr Smith asked. Australia's major banks mostly were higher, exception for Westpac which fell seven cents to $25.63. Commonwealth Bank gained 20 cents to $56.84 ... |
| | | | ... shareholdings - listed Japanese companies bought and owned shares of each other -added more air to the bubble, much the same way as banks and other financial companies are buying their own toxic products pre-GFC. Cross shareholdings were so prevalent ... |
| | | | ... On Tuesday, the Australian share market reversed early gains to close in the red on low volumes as profit-takers targeted banks and financial stocks. The benchmark S&P/ASX200 index ended down 49.9 points, or 1.02 per cent, at 4,861.2 points, while the ... |
| | | | The Australian share market had slipped into negative territory at noon as wary investors took profits from banks and financial stocks ahead of earnings reports by US banking giants. At 1200 AEDT, the benchmark S&P/ASX200 index was down 32.1 points ... |
| | | | ... holds its annual general meeting. On Monday, the Australian share market closed slightly higher, lifted by most of the big banks which were boosted by an upgraded profit forecast from the Commonwealth Bank late on Friday. The benchmark S&P/ASX200 index ... |
| | | | ... recession is a recession. The same dynamics should apply. A steep yield curve leads to repair of the financial system as banks borrow cheap money from the Fed and invest them in higher yielding long-term Treasuries. This helps re-liquify the banking ... |
| | | | ... $78.09. But Australia's major lenders climbed higher, led by ANZ Banking Group, up 43 cents, or 1.92 per cent, at $22.86. "Our banks are being propped up by the profit upgrade given by Commonwealth Bank (CBA) on Friday afternoon," Mr Hancock said. CBA ... |
| | | | The Australian share market was lower at noon, led down by miners and the big banks. At 1200 AEDT, the benchmark S&P/ASX200 index was 29.3 points lower, by 0.60 per cent, at 4,868.7 points, while the broader All Ordinaries index had lost 26.0 points ... |
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