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| | | ... heavily after US Treasury Secretary Tim Geithner failed to rule out in a weekend interview the possibility that some US banks may need more government funds to get them lending again. The Dow Jones Industrial Average settled down 254.16 points, or 3.27 ... |
| | | | ... Bankwest will cut 400 jobs from its workforce due to the economic downturn. CBA sank 37 cents to $34.63, Among the other major banks, National Australia Bank decreased 15 cents to $20.94, ANZ lost 23 cents to $16.32 but Westpac rose 21 cents to $19.35. ... |
| | | | ... India has some interesting opportunities in the financial services space and also consumer goods," he said. "Investment banks are a bad place to be given the balance sheets but in emerging markets most the regulatory regimes are very stringent and the ... |
| | | | ... a positive end to the week. "We've had a firm opening after a nice lead from Wall Street again overnight," he said. "The banks are mixed, certainly there have been some positive moves with Commonwealth Bank after their update. "We've had a very good ... |
| | | | ... highest close since January 9. HONG KONG - Hong Kong share prices closed 3.57 per cent higher on Thursday, boosted by Chinese banks and better-than-expected results from conglomerate Hutchison Whampoa. The benchmark Hang Seng Index closed up 486.87 points ... |
| | | | ... stocks rally long before economic growth turns positive. As for the headlights, these will come much later given that central banks have large printing presses to keep the train from running over the economy. The hope is that the train of higher interest ... |
| | | | ... exchange, decreased 59 cents, or 1.75 per cent, to $33.21, and Rio Tinto lost 47 cents, or 0.88 per cent, to $52.90. The banks were stronger. Westpac, the ASX's second biggest company, added 55 cents to $19.69, Commonwealth Bank added 94 cents to $35.32 ... |
| | | | ... Japanese share prices surged to their highest level in more than ten weeks as investors cheered a US plan to purge ailing banks of toxic assets. The Nikkei rose 272.77 points, or 3.32 per cent, to 8,488.3, its best finish since January 9. HONG KONG - ... |
| | | | ... general will do well on the view that US economic recovery will be good for the global economy," Mr Halmarick said. The banks were stronger, too, with Westpac, the ASX's second biggest company, adding 29 cents, or 1.5 per cent, to $19.24. Commonwealth ... |
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