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Showing 4831 - 4840 of 5948 results for "Banks"

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
Taking lessons from the past, a shock response from the world's major central banks in the form of big interest rates reductions - in the order of say 50-100 basis points each time - might assist reducing the magnitude and length of the coming recession ...

Market Wrap - Midday

AAP  |  FRIDAY, 3 OCT 2008
... Equities associate director Lucinda Chan said the banking sector was leading the way down. "This morning, we opened up with the banks and also the resources being very badly hit," Ms Chan said. "I think the resources have picked up a little bit but the ...

Rescue package YES, economy NO

BENJAMIN ONG  |  FRIDAY, 3 OCT 2008
... recession. Expect further job losses as a result of closure/bankruptcy in some businesses and the restructuring or merged banks and financial institutions. More bad news in the US. Factory orders dropped by 4 per cent in August - the biggest fall since ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 1 OCT 2008
... yesterday's huge loses. "The heavily hit resources sector is the main driver of the day and we are seeing a bit of recovery in the banks," Mr Vaughan said. "Whether we maintain this momentum remains to be seen, it's good to see a bit of buying." BHP ...

Head or tails?

BENJAMIN ONG  |  WEDNESDAY, 1 OCT 2008
... contracts, mortgages go into arrears, repossessions, forced selling, house prices dive, the value of collaterals held in banks' balance sheets depreciates, banks are unable to lend, companies fold....... and so goes the gloomy-go-round. Despite the US$700 ...

Govt breathes new life into RMBS

MICHELLE BALTAZAR  |  TUESDAY, 30 SEP 2008
... remedying." What the government buy-in will do is to adjust the cost of finance and make it economically viable for non-banks to get back in the market. This in turn will make returns out of RMBS attractive for institutional investors. "I don't see the ...

Japan bank buys $11bn of Morgan Stanley

MICHAEL HOBBS  |  TUESDAY, 30 SEP 2008
... news, Citigroup has reportedly agreed to buy Wachovia's banking operations for $1 per share, creating one of the largest US banks by total deposits.

Market Wrap - Midday

AAP  |  TUESDAY, 30 SEP 2008
... we've had budget surpluses for the last ten or 15 years and the Reserve Bank of Australia (RBA) here is pretty tight on our banks," he said. At 1216 AEST, all the major banks were weaker, with Westpac Banking Corporation down 4.1 per cent, or 95 cents ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
... According to the Fed's website: 'The FOMC has authorised increases in all of the temporary swap facilities with other central banks. These larger facilities will now support the provision of U.S. dollar liquidity in amounts of up to $30 billion by the ...

Market Wrap - Midday

AAP  |  MONDAY, 29 SEP 2008
The Australian stock market had moved into the red by noon, dragged lower by the big miners and most of the major banks, while the local market digested news of the agreement reached in the US on the Wall Street bailout. At 1217 AEST, the benchmark ...