THE Australian share market managed this week its largest gain since last August, despite another poor lead from Wall Street.
Archive for March, 2008 Page 2 of 25
INVESTORS could lose hundreds of million of dollars following the shock collapse of Melbourne finance house Opes Prime.
THE $1 billion-plus collapse of a stockbroking firm has threatened millions of dollars worth of Australian retirees’ superannuation savings.
WESTPAC has joined National Australia Bank in a fourth round of variable mortgage rate rises independently of Reserve Bank action, a day after RBA governor Glenn Stevens predicted they would.
NATIONAL Australia Bank expects an after-tax gain of approximately $221 million from its shareholding in Visa Inc, following the credit card giant’s float on the New York Stock Exchange.
THE euro is “too strong” in light of the euro zone’s lacklustre rate of economic growth, French President Nicolas Sarkozy says.
JPMORGAN Chase’s biggest challenge in integrating Bear Stearns may be making sure there’s still something left to integrate.
TEN Network Holdings Ltd says the television advertising market is remarkably resilient despite the current malaise in global debt and equity markets.
BABCOCK & Brown says 25 banks, including all of the big four Australian banks, have committed to take part in expanding its so-called evergreen corporate debt facility to $2.8 billion and approved rolling over the facility to 2011.
- New regulations coming into force
- Dodgy brokers face fines of up to $1m
- Move brings Australia into line with the rest of the world
