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Economics

UK launches bank probe amid Libor scandal

MELANIE TIMBRELL  |  TUESDAY, 3 JUL 2012
British Prime Minister David Cameron has announced a full parliamentary inquiry into the British banking sector in the wake of a rate fixing scandal that has already claimed the scalp of Barclays chairman Marcus Agius.

Market Wrap - Midday

AAP  |  TUESDAY, 3 JUL 2012
The Australian sharemarket has remained flat as investors consolidated the gains of the last couple of days.

Tell that to the marines

BENJAMIN ONG  |  TUESDAY, 3 JUL 2012
No one can deny that last week's agreement has removed a significant amount of event risk from the table. But as markets go, this had been replaced with a fresh - nay, a recycled - one.

Market Wrap - Morning

AAP  |  TUESDAY, 3 JUL 2012
The Australian market looks set to open higher despite a mixed performance on Wall Street overnight after news that manufacturing contracted for the first time in almost three years, raising concerns the United States has joined a global industrial slowdown.

Market Wrap - Midday

AAP  |  MONDAY, 2 JUL 2012
The Australian sharemarket was more than 1% higher at noon following gains on US and European markets and strong performances from resource and energy stocks.

Can this latest kick of the can can?

BENJAMIN ONG  |  MONDAY, 2 JUL 2012
We just saw in full display the reason why the bears cannot take financial markets down by as much as they wanted to despite the air of pessimism that permeated the investment air over the past few months.

Market Wrap

AAP  |  MONDAY, 2 JUL 2012
US stocks leapt two per cent on Friday sparked by the dramatic measures adopted in Brussels to stem the eurozone crisis and stimulate growth, giving the markets a strong end to a rocky first half.

Market Wrap

AAP  |  FRIDAY, 29 JUN 2012
The Australian sharemarket has opened flat as investors look for signs of a solution in Europe on the last trading day of the financial year.

Good one day, no good the next

BENJAMIN ONG  |  FRIDAY, 29 JUN 2012
Another BS explanation for market action.

Market Wrap

AAP  |  FRIDAY, 29 JUN 2012
The Australian market looks set to open slightly lower.