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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...