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| | | The Australian share market dropped sharply on the open as nervous investors reacted to Standard & Poor's historic weekend downgrade of US sovereign credit. At time of writing the All Ordinaries Index had fallen 66.1 points or 1.59% to 4103.6 while ... |
| | | | Australian stocks plunged at the open after world markets fell sharply overnight and experts say more grief is to come. At time of writing, the All Ordinaries Index was down 173 points or 3.97% to 4179.9 while the S&P ASX 200 had given up 156.5 points ... |
| | | | The Australian dollar set a new record overnight but drifted lower in the early morning session, on renewed concern about Europe's debt crisis. At 0700 AEST on Thursday, the Australian dollar was trading at 110.23 US cents, down from 110.55 US cents ... |
| | | | ... France and Germany, may have reached agreement on how to resolve the Greek debt crisis. Media outlets are reporting that German Chancellor Angela Merkel has reached a last-minute compromise with France over a fresh bail-out for Greece, ahead of crucial ... |
| | | | The Australian share market is expected to open slightly lower today, after Wall Street eased overnight on lingering concerns over debt on both sides of the Atlantic. At 0701 AEST, the local September share price index futures contract was down seven ... |
| | | | ... convinced about the resolution of America's debt ceiling, I'm not holding my breath on this one. I'm with Angela on this one. German Chancellor Angel Merkel told German reporters that with regard to the sovereign debt crisis, "There won't be one spectacular ... |
| | | | The Australian share market is set for a slightly higher start after China's economic growth and comments from the US Federal Reserve that it is prepared to renew stimulus fuelled gains overseas. At 0752 AEST the local September share price index futures ... |
| | | | ... Know why? Just look at the premium investors demand to hold bond issued by these countries relative to their benchmark German counterparts. German 10-year bonds are trading around 2.70%. Yields on Greek bonds of the same maturity are at 16.70% -- a premium ... |
| | | | ... interest rates, demanded on its bonds steadily rising. The spread between the yield on Italian 10-year bonds and the benchmark German equivalent hit records on Monday and Tuesday before pulling back. Spain's borrowing costs have also skyrocketed in recent ... |
| | | | ... Lisbon's PSI-20 fell 4.28 per cent. In Italy, bank shares suffered the sharpest falls. Investor concern rose further after German Chancellor Angela Merkel said she had told Italian Prime Minister Silvio Berlusconi to ensure Italy's parliament approved ... |
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