Market Watch (Free subscription) | yesterday
LOS ANGELES (MarketWatch) -- Australian stocks moved broadly higher in early Monday morning trade, with the benchmark S&P/ASX 200 starting the week up 0.6% at 4,622.1. Financials were among the top gainers, with Commonwealth Bank of Australia up 2.7% after issuing a first-quarter trading update that showed cash profit at about 1.4 billion Australian dollars ($1.3 billion) for the period. Other...
Market Watch (Free subscription) | 06/11/2009
LOS ANGELES (MarketWatch) -- Australian stocks gained in early Friday trades on the heels of a rally on Wall Street, with Sydney's benchamrk S&P/ASX 200 rising 1.5% to 4,573.4. Financials helped fuel the broader advance, with shares of Macquarie Group Ltd. up 2.4%, Westpac Banking Corp. rising 1% and National Australia Bank Ltd. adding 1.3%. Miners were also among the leading gainers, with BHP...
Blade Watch (Free subscription) | 05/11/2009
http://www.getreading.co.uk/business/s/2060294_fujitsu_staff_to_strike_next_week Fujitsu staff angry over jobs, pensions and pay are due to go on a three-day strike next week. This afternoon union Unite served notice of the strike planned for next Thursday, Friday and Monday, November 16. Staff at the IT services firm’s offices in Bracknell and Winnersh are expected to take part in the strike....
Peter Martin (Free subscription) | 03/11/2009
Or are they the same thing? Either way... Just weeks after hiking mortgage interest rates 0.25 per cent each of Australia's big four banks and the Reserve Bank have done it again adding a further $46 per month to the cost of servicing a $300,000 mortgage, with no end in sight . The ANZ acted within minutes of the Reserve Bank's announcement . By late in the day each of the big four had announced plans...
The Age (Free subscription) | 02/11/2009
National Australia Bank has completed the takeover of 80.1 per cent of Goldman Sachs JBWere's private wealth management business in Australia and New Zealand.
Sydney Morning Herald (Free subscription) | 02/11/2009
National Australia Bank has completed the takeover of 80.1 per cent of Goldman Sachs JBWere's private wealth management business in Australia and New Zealand.
News.com.au (Free subscription) | 02/11/2009
NATIONAL Australia Bank has completed the takeover of 80.1 per cent of Goldman Sachs JBWere's private wealth management business in Australia and New Zealand.
PXDCO Reviews (Free subscription) | 01/11/2009
Click Here to watch how I turned $4000 into $40000 on Forex Australia’s central bank should raise borrowing costs next week to keep a lid on "irrational exuberance” in the housing market, National Australia Bank Ltd.’s financial chief told the Australian Financial Review. 5 Vote(s) Learn how to trade Forex on Auto Pilot Bookmark It Hide Sites $$('div.d25325').each( function(e)...
LATICONOMICS (Free subscription) | 31/10/2009
Asian Stocks Post Biggest Weekly Drop in a Month on Commodities By Masaki Kondo and Ian C. Sayson Oct. 31 (Bloomberg) -- Asian stocks posted their biggest weekly drop in almost a month as commodity prices fell and disappointing earnings damped confidence the global economy would sustain a recovery. Mitsui & Co. , a Japanese trading company that counts commodities as its biggest source of profit,...
Jim Hamilton’s World of Securities (Free subscription) | 30/10/2009
Does the "Subject" "Matter?" SEC, Solicitor General Urge Supreme Court to Deny Review of Cross-Border Claims Senior SEC counsel and the U.S. Solicitor General filed an amicus brief urging the U.S. Supreme Court to let the dismissal of a fraud action against an Australian bank stand. While the government lawyers stated that the 2nd Circuit erred in characterizing the issue as one...
Banking Times: Daily Banking News (Free subscription) | 30/10/2009
National Australia Bank (NAB) has announced its quarterly results, including group revenue of $16.9bn, a rise of 9.7% made despite an economic backdrop of weakness. Cash earnings declined compared to the same period in 2008 by 1.9% to $3.8bn, a fall attributed to an increased charge for bad debts, which rose by $2.3bn to $3.8bn. However, underlying [...]
New Zealand Herald (Free subscription) | 28/10/2009
National Australia Bank, the lucky country's biggest lender to businesses, slumped to a fiscal second-half loss after charges for bad debts climbed and the company set aside funds for a tax settlement in New Zealand.The net loss...
Daily Equity Report (Free subscription) | 28/10/2009
Inflation came in slightly lower than expected, which helped government bond yields down – i.e. prices up. This despite the fact that government is looking to raise a lot more debt in the next few years to meet its budget deficits. The rand weakened and equity prices fell back. While the local inflation is steady, the Australian inflation rate came in slightly ahead of consensus – but at...
A WORLD TO WIN www.aworldtowin.net (Free subscription) | 28/10/2009
The European Union (EU) is expected today to approve plans for the Northern Rock bank to be split in two – so-called “good” and “bad” banks. The Rock has been state-owned since the spring of 2008. This was an early part of New Labour’s attempts to prevent a complete meltdown after customers queued to withdraw their deposits in 2007 when the default rate on sub-prime...
Law Blog - WSJ.com (Free subscription) | 28/10/2009
National Australia Bank said its annual net profit fell 43% as rising bad debts and one-time tax and legal charges offset higher revenues.
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