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National Australia Bank

Australian stocks hammered in global sell-off

Sydney - Sellers swamped the Australian stock market at the opening bell Tuesday as investors took their turn to join in the global sell-off. The ASX 200 lost 142 points, or 3.1 per cent, to take the index to 4,398. ...

Australian market trades sharply lower on global cues

The Australian stock market was trading sharply lower on Tuesday after Wall Street finished with steep triple-digit losses on Monday amid the continuing uncertainty about the implementation of the U.S. government's financial...

Australian banks turn to Future Fund for cash-paper

SYDNEY, Oct 7 (Reuters) - Australia's sovereign wealth fund, the Future Fund, has provided long-term loans to three major Australian banks to ease funding pressures caused by the global credit crisis, The Australian newspaper...

Banks turn to fund for cash rescue

By David Uren and Sean Parnell THREE of Australia's biggest banks tapped long-term loans from the Future Fund as cash dried up from other sources in the wake of the collapse of US investment giant Bear Stearns. Documents...

Suncorp rises as suitors approach

Blair Speedy | October 07, 2008 QUEENSLAND-based insurer and banking group Suncorp-Metway appears likely to be broken up. management operations. The company confirmed yesterday it had received several approaches regarding a...

Australia shares slide 3.8 pct to 3-year low

MELBOURNE, Oct 6 (Reuters) - Australian shares extended losses to 3.8 percent by early afternoon on Monday, as investors fretted about global growth prospects even after U.S. lawmakers finally approved a bank bailout plan. By...

Asia Pacific markets slide on gloomy outlook

Stocks in the Asia Pacific region continued their downward slide today, with Australian stocks hitting a three year low, and New Zealand shares extending earlier losses in the afternoon. In Japan, the...

Nikkei under four-year low, Topix falls below 1,000

Stocks take a further beating in Tokyo, Sydney By V. Phani Kumar, MarketWatch HONG KONG (Menafn - Asian markets extended losses early Monday amid concerns about the global financial crisis, with Japanese shares down sharply on...

Monday Morning: Asian Markets Accelerate Falls, Shedding 3%(welcome to bailout la la land!)

Asian markets accelerated losses in the morning session Monday, down an average of 3 percent, after Wall Street notched up its worst week in seven years and more European governments were forced to shore up their banking...

UPDATE 2-Suncorp says approached for bank, wealth units

SYDNEY, Oct 6 (Reuters) - Australian insurance and banking group Suncorp-Metway Ltd said it received several approaches for its banking and wealth management operations, which analysts reckon could fetch up to A$5 billion ($3.9...