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| | | So much money has to go somewhere. With almost all governments and central banks of the world pumping liquidity into the financial system, it comes as no surprise that some have flowed into commodities. Along with the rally in the equity markets, the ... |
| | | | ... from China's Minmetals. On Wednesday, the Australian sharemarket closed at a seven-month high, boosted by major miners, big banks and positive data on consumer confidence and housing finance. The benchmark S&P/ASX200 index rose 89.5 points, or 2.27 per ... |
| | | | ... do. "It's very good to see commodities coming back to the forefront today, especially with a weak US lead overnight. "Big banks and the miners are leading the charge." Rio Tinto had leapt $1.97, or 2.79 per cent, to $72.58, while BHP Billiton had advanced ... |
| | | | PAID! Ten big American banks will get this stamp on their TARP loans after the US Treasury approved their repayment of a combined US$68 billion of taxpayers' money. No names were mentioned on which banks are queuing up at the Treasury cashier to pay. ... |
| | | | ... 3.29 points, 0.35 per cent, to a preliminary close of 942.43. The market reacted cooly to a decision allowing ten major US banks to repay the Treasury $US68 billion for capital injections made to stabilise the financial system. Analysts had seen this ... |
| | | | Local banks pushed the Australian share market slightly higher at noon, after the United States Federal Reserve said major US banks that were ordered to raise capital had developed sufficient plans. Many of the resource stocks, including Australia's ... |
| | | | ... this the beginning of the end? Gauging from last week's actions - rather inactions - by four of the world's major central banks, it appears that this is so. It had been a awhile since financial markets witnessed the kind of central bank activity displayed ... |
| | | | ... into overconfidence. When there is no more reason to hold back. This has not happened yet. And the Fed and other central banks? They are not bound to raise interest rates anytime soon. Sure time will come to pay the piper -- when national governments ... |
| | | | ... plunged $1.52, or 4.1 per cent, to $35.51, while rival Rio Tinto plummeted $3.73, or 5.21 per cent, to $67.87. The major banks were mixed. Commonwealth Bank put on 26 cents to $37.06, Westpac lost 26 cents to $18.91, ANZ gained eight cents to $16.44 ... |
| | | | ... to heap an extra $63 billion into their coffers from pension funds and family offices. But insurance companies, private banks, endowments and foundations are all likely to decrease their allocations to the sector, according to Barclays Capital. The report ... |
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