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| | | ... agree to lift the region's bailout fund to 1 trillion euros ($A1.33 trillion), while Standard & Poor's cut its ratings on 15 major global banks overnight. HONG KONG - Asian markets mostly slipped on Wednesday following two days of gains as eurozone finance ... |
| | | | Standard & Poor's has downgraded the ratings of major US banks, including Goldman Sachs, Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley and Bank of America, by one notch. The ratings agency said it reviewed its ratings on 37 of the world's largest ... |
| | | | ... eurozone countries do not solve their sovereign debt crisis. LONDON - Britain will spend STG30 billion ($A47 billion) on major infrastructure projects over the next 10 years to stimulate economic growth. BERLIN - German export growth is set to slow next ... |
| | | | ... strengthen our fiscal position over the medium term," said Swan. "Australia will return the budget to surplus ahead of all major advanced economies, and government net debt peaks dramatically lower than in these countries at 8.9 per cent of GDP in 2011-12 ... |
| | | | ... the industrial disputes with unions had cost the airline more than $650 million. At 1045 AEDT ANZ was the strongest of the major banks, putting on 21 cents, or 1.09 per cent, to $19.41. National Australia Bank lifted 15 cents, or 0.66 per cent, to $22.89 ... |
| | | | ... and will fade away." The OECD also delivered an ominous warning to Europe, warning that the sovereign debt crisis was a major threat to the world economy. "Prospects only improve if decisive action is taken quickly," said Padoan. "In the euro area, the ... |
| | | | ... Wednesday as a poor German government debt auction fuelled fears over Europe's fiscal crisis and weak growth in the eurozone, a major US trading partner. Markets spent the day stuck in negative territory after Germany was able to sell only part of an ... |
| | | | ... German bond auction on Wednesday shook confidence in the safe-haven status of Europe's biggest economy. Locally, all the major banks fell more than one per cent, with the Commonwealth Bank down 37 cents to $46.23. National Australia Bank lost 56 cents ... |
| | | | ... despite the US market falling two per cent and while a strong survey of German business confidence did little to stop the major European bourses ending mostly lower. At 0800 AEDT on Friday, the December share price index futures contract was up four ... |
| | | | ... overnight as a poor German government debt auction fuelled fears over Europe's fiscal crisis and weak growth in the eurozone, a major US trading partner. Meanwhile, China's manufacturing activity slumped to its lowest level in 32 months in November ... |
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