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Showing 4821 - 4830 of 5948 results for "Banks"

Market Wrap - Morning

AAP  |  FRIDAY, 10 OCT 2008
... in Melbourne. Yesterday, the Australian share market shrugged off coordinated interest rate cuts by the world's central banks to stem the global credit crisis and continued its freefall to close at fresh three-year lows. The local bourse was weighed ...

Market Wrap - Midday

AAP  |  THURSDAY, 9 OCT 2008
... its eyes from the smack in the mouth it's had all week and... we've got all these wonderful interest rate cuts by central banks around the world, but they actually have to start to have effect, which takes forever," Mr Bishop said. "You've had the bailout ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
Central banks threw in the kitchen sink. In a coordinated move, six major world central banks each cut their benchmark target interest rate by 50 basis points in efforts to stem the global panic. The US Federal Reserve lowered the fed funds rate to ...

Market Wrap - Morning

AAP  |  THURSDAY, 9 OCT 2008
... Wall Street tried but failed to find some stability from an interest rate cut by the Federal Reserve and other big central banks. At 0807 AEDT, the December Share Price Index futures contract on the Sydney Futures Exchange was down 12 points at 4,336. ...

Hedge funds hit by shorting ban

MICHELLE BALTAZAR  |  WEDNESDAY, 8 OCT 2008
... Kim Ivey. He added that the absence of short selling also impact the cost of any takeover equity, particularly with the banks. "While the regulator continues to ban short selling, both widespread market liquidity and true price discovery is being undermined. ...

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
... Australian Commonwealth Bank and BankWest branches and business centres will not close as a result of the deal, however both banks customers will soon be able to use each other's ATMs for free. HBOS Australia's wealth management business, St Andrew's ...

No more parachute payments

MICHELLE BALTAZAR, MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The debate on chief executive pay heats up after the discovery that senior executives in many of the banks the government had to bail out were in line for fat parachute payments just as they were negotiating a rescue package for the company. Dexia's ...

Fed to bail-out corporate paper

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The Fed is extending the bail-out from banks to company corporate paper debt with its announcement last night to create a Commercial Paper Funding Facility (CPFF). Under the arrangement, the Fed will begin repurchasing three-month unsecured commercial ...

Central Banks must unite

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
... some Asian and European markets reacted favourably to the RBA's shock and awe tactic - speculating that their own central banks would follow our central bank's lead - US equities were nonplussed. Hopes that the US Federal Reserve will lower interest ...

Market Wrap - Midday

AAP  |  TUESDAY, 7 OCT 2008
... points at 4480, on a volume of 20,830 contracts. "We are following the New York trend today but we need to be careful: our banks need to be seen to be strong," Bell Potter Brisbane senior adviser Stuart Smith said. Commonwealth Bank of Australia Ltd ...