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| | | ... market is in danger of collapsing and - without government intervention - consumers may be left at the mercy of the big banks as the only remaining mortgage lenders. "The RMBS market is dying on the vine," said Greg Medcraft, chief executive of the Australian ... |
| | | | ... HBOS plc release their interim results and Just Group releases sales figures. The Australian share market was boosted by banks yesterday after investor confidence returned following a rally overnight on Wall Street. The benchmark S&P/ASX200 index rose ... |
| | | | The Australian stock market was up two per cent at noon, buoyed the banks and after a rally from the US overnight. Wall St rebounded a day after a steep tumble on a drop in oil prices and a rise in consumer confidence. At 1200 AEST, the benchmark S&P/ASX200 ... |
| | | | The Australian stock market was down 1.6 per cent at noon, dragged down by the banks and after a disappointing lead from the US overnight. Wall St fell over two per cent after the International Monetary Fund said it couldn't yet see the bottom of the ... |
| | | | ... the bottom of the housing market was still not visible. Sentiment was also soured by the weekend closure of two regional banks and a rise in oil prices. The Dow Jones Industrial Average plunged 239.61 points, or 2.11 per cent, to 11,131.08 and the Standard ... |
| | | | ... cent, to 4888 on a volume of 15,024 contracts. Macquarie Equities associate director Lucinda Chan said bad news from the banks was hurting the market. "ANZ had a negative forecast this morning and this follows NAB's announcement last week," Ms Chan said. ... |
| | | | ... shares dropped $3.53, or 11.5 per cent, to $27.17 in large volume and reached a low of $26.81 during the morning. Other big banks were also lower with Commonwealth Bank of Australia down $2.69, or 5.8 per cent, to $43.70. ANZ lost $1.27, or 6.53 per ... |
| | | | ... driven. I expect the volatility to continue - the market will go up and down, but not necessarily in that order." The major banks were firmer, helping keep the market in the black. Commonwealth Bank of Australia added 97 cents or 2.15 per cent to $45.56 ... |
| | | | Ethical fund manager Australian Ethical Investment put its ESG theories to practice when it won the prestigious Banksia Environmental Foundation award for its new environmentally friendly headquarters. Australian Ethical Investment's new office, Trevor ... |
| | | | ... week and yesterday's CPI report for Australia. Today it is Japan's turn, although the BoJ is one of the world's central banks that welcome a pick up in inflation. Tokyo consumer prices are expected to increase by 1.8 percent in the to July. Core CPI ... |
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