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| | | Australian shares have opened lower after a downgrade of nine of the European bloc countries' credit ratings sparked a fresh wave of risk aversion ahead of more Chinese data this week. Standard & Poor's (S&P) on Friday stripped France and Austria of ... |
| | | | ... and Luxembourg retained the precious AAA rating. But for how long, I wonder? Now the heat is on. Europe must do something BIG and NOW before the entire region gets buried under the growing mountain of debt. Not that they haven't tried. Yup, they tried ... |
| | | | ... traded at $9. Investors were also keeping a close eye on headlines out of ANZ Bank's annual general meeting, the third of the big four banks this week. Echoing comments from its competitors, the bank warned that funding costs were rising because of Europe's ... |
| | | | ... was "Operation Twist." While it's debatable whether or not these actions contributed to improving US conditions - or whether Big Benny was correct in his initial assessment that the midyear slowdown was temporary -- the fact is the US economy is improving. ... |
| | | | ... since May 2008. That's a sign that layoffs are easing. The New York and Philadelphia branches of the Federal Reserve reported big jumps in manufacturing. All but two of the 10 industry groups in the S&P 500 rose. Utilities and health care gained the ... |
| | | | ... $31.04 while Santos shed 22 cents, or 1.7 per cent, to $12.69. Overall the sector was down 2.2 per cent. In financials, the big four were hit by the weakness in offshore banks and concerns that their lending costs are likely to rise. National Australia ... |
| | | | ... investing. But funds are avoiding this temptation by using large numbers of investment managers so even though the fund is big the investment mandates underpinning them can be much smaller. "This enables investment managers to remain nimble and opportunistic ... |
| | | | ... indications China's economic growth may be stalling. "As our biggest trading partner what's happening in China will have a big knock on effect here," Ms Lee said. "We're looking for more easing from China soon." BHP Billiton was down 34 cents, or one ... |
| | | | ... would expect the market to move on that," Mr Ive said. NEW YORK - US stocks edged higher Tuesday after the previous day's big declines. Strong participation from buyers at a bond sale backing Europe's bailout fund and at an auction of Spanish government ... |
| | | | ... to $36.76, while Rio Tinto rose $1.08, or 1.7 per cent, to $64.82. Financial stocks also added 1.5 per cent. Three of the big four banks hold annual general meetings this week, with Westpac executives set to face shareholders on Wednesday, NAB on Thursday ... |
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