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| | | ... rose $1.07, or 3.25 per cent, to $33.97, while rival Rio Tinto gained $2.27, or 3.71 per cent, to $63.41. The four major banks all advanced. Commonwealth Bank added 76 cents, or 2.14 per cent, to $36.26, ANZ advanced 22 cents to $15.52, National Australia ... |
| | | | Forestry group ITC banks on its prudent business model to ride the crisis facing the agribusiness sector after Timbercorp and Great Southern went into administration. Adam Redman, spokesperson at ITC, said the firm's key business is forestry, a key ... |
| | | | ... such as cash, deposits and government bonds," said Ellis. "However there is still plenty of concern about the safety of banks, with the fear that individuals' claims on investments may not be honored," she said. For high net worth individuals, investing ... |
| | | | ... financial system have already bought optimism for an eventual economic recovery - now it is also buying trust. Trust among banks, that is. Yesterday, I talked about the Libor/OIS spread - a measure of banks' willingness to lend to each other - and how ... |
| | | | ... share market is expected to open higher after US stocks gained on better homebuilder sentiment and positive comments about banks from analysts. Oil and industrial metals also gained overnight, suggesting energy and mining stocks will increase. At 0732 ... |
| | | | ... heavily in morning trade after going ex-dividend. "It's dragging quite a bit on the financial sector and all of the other banks are in the red, with National Australia Bank doing the best. "There's been quite a drop in Macquarie Group shares as well." ... |
| | | | ... far. The report also said investors are looking for "hard assets" to hedge against potential future inflation as central banks increase the money supply. Nicholas Brooks, head of research and investment strategy at ETF Securities, said the surge of inflows ... |
| | | | Agribusiness fund manager Great Southern has appointed administrators after its banks withdrew support for its ongoing restructuring program. The directors of Great Southern Limited and Great Southern Managers Australia Limited have appointed Martin ... |
| | | | ... of those including last week's, it paused only to catch its breath. These writings show the squeeze on credit easing and banks more willing to each other. The 3-month Libor/OIS spread - a measure of banks' willingness to lend to each other -- continues ... |
| | | | ... along the way, the equity markets' forward momentum would remain intact. Everything that could go wrong already did. Central banks and national governments around the world are spending big to right these wrongs and are prepared to spend more if necessary. ... |
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