Westpac, St George To Wed
St George Bank and Westpac have decided to move from being engaged, to marriage, subject of course to no other suitor popping along with a better offer.
Companies in the News
Australian Economy
Markets Up On Fannie/Freddie Salvation
Markets thought the world was saved; judging by the size of the rebounds in the past day after the saving of America's imploding mortgage giants, Fannie Mae and Freddie Mac.
Australia Market Report of September 8: Growth Forecast Turnaround
On Friday, the Australian share market fell more than 2% as major banking and resources stocks felt the impact of renewed concerns about the health of the global economy. The benchmark S&P/ASX200 finished down 102.4 points, or 2.06% to 4877.1. The broader All Ordinaries lost 101.4 points, or 2.01% to 4949.5.
Midday Market Roundup 08/09/2008
The market is going gangbusters, great start to the week – up 192 – on the back of the US governments decision over the weekend to step in and rescue Fannie Mae and Freddie Mac in the US. Everything is up: Financials up 5.6% with the banks very strong - ANZ up 9.7% and NAB up 7.8%. Banks are well up across Asia. The coal seam gas story is in the news again (Origin Energy up 13.8% after a deal with ConocoPhillips) sending the Energy sector up 7.8%. Resources should be down on a fall in metal prices, the A$ and the oil price but they are up with the market and a fall in the US$ post bail out and a rise in the gold price since Friday. The Dow Futures are suggesting a 246 point rise on Wall Street tonight….it seems the main point is the removal of the uncertainty over Fannie Mae and Freddie Mac.
Fannie, Freddie $US200 BillionTakeover
The $US200 billion takeover of US mortgage giants, Fannie Mae and Freddie Mac won't solve America's financial or economic woes, but it might be a start in stabilising the mess.
Will WA Poll Result Damage BHP's Rio Bid?
Could the West Australian election result see the BHP Billiton-bid for Rio Tinto scuppered?
Markets Very Nervy After Poor US Jobs
US stocks finished down for the week, but with a small bounce late Friday which some commentators claimed to be related to reports that troubled investment bank, Lehman Brothers will raise capital and a claim by big noting US investor, Barton Biggs that the market is near a bottom.
◂Previous Page
Australian Economy Next Page▸
Banking & Finance
- VIDEO: The Australian Gold Conference 2024 - Education Evening with Expert Panel
- Lithium Universe Ltd (ASX:LU7) Finalises Frankfurt and US OTC Listing
- ISX Financial Reports Strong Q2 2024 Results, Highlighting Robust Growth and Innovation
Social Media
