US sanctions target Iran bank subsidiary
The US has imposed sanctions on the Malaysian subsidiary of Iran's Bank Mellat, saying it helped finance "proliferators of weapons of mass destruction".The Treasury Department named the...
AAP -
Saturday November 7, 2009, 7:23 am
Royal Bank of Scotland cites sharp loss
Royal Bank of Scotland reported a net quarterly loss of STG1.8 billion ($A3.28 billion) on Friday and said it expected a slow recovery, despite massive state support.The announcement comes just days...
AAP -
Saturday November 7, 2009, 6:14 am
UBS says took 'full remedial steps' to address breaches
ZURICH (AFP) - Swiss bank UBS, fined by British authorities for allowing unauthorised transactions to be carried out on customer accounts, said Friday it had "taken full remedial steps" to...
AFP Finance News -
Saturday November 7, 2009, 5:12 am
AIG posts profit of $455 million
NEW YORK (AFP) - Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4 billion dollar loss in the same period last...
AFP Finance News -
Saturday November 7, 2009, 1:54 am
RBS reports sharp loss, expects slow recovery
LONDON (AFP) - Royal Bank of Scotland reported a net quarterly loss of 1.8 billion pounds on Friday and said it expected a slow recovery, despite massive state support.The announcement comes just...
AFP Finance News -
Saturday November 7, 2009, 12:09 am
RBA deputy says China fears overblown
Reserve Bank of Australia (RBA) deputy governor Ric Battellino says fears about Chinese investment are overblown.He says that while China has figured prominently in the public consciousness regarding...
AAP -
Friday November 6, 2009, 8:51 pm
US jobs lead global market gains
A fall in last week's claims for unemployment insurance in the US has led to a share market bounce around Asia which has also pushed the Australian market higher.
However, the big test for world...
ABC Business News -
Friday November 6, 2009, 5:00 pm
Australia shares rise 1.9 pct on rosy RBA view
(Adds analyst comments)
By Victoria Thieberger
MELBOURNE, Nov 6 (Reuters) - Australian stocks advanced 1.9
percent on Friday, boosted by an upgrade to domestic growth
forecasts by the central bank...
Reuters Finance News, Australia -
Friday November 6, 2009, 4:50 pm
RBA ramps up growth outlook for 2010
The Reserve Bank of Australia (RBA) has forecast the local economy to grow more strongly than predicted three months ago, with an interest rate rise next month still on the cards, economists say.In...
AAP -
Friday November 6, 2009, 4:36 pm
Australia shares rise 1.9 pct; banks, miners lead
(Updates with closing levels)
MELBOURNE, Nov 6 (Reuters) - Australian stocks advanced
1.1 percent on Friday, boosted by an upgrade to growth
forecasts by the central bank and better economic news...
Reuters Finance News, Australia -
Friday November 6, 2009, 4:21 pm
Profit up 49% for SE Asia's biggest bank
Southeast Asia's biggest bank DBS Group says net profit climbed 49 per cent in the third quarter from the previous year, as interest and fee income rose and allowances tumbled.DBS earned 563...
AAP -
Friday November 6, 2009, 3:52 pm
Australian market surges on US optimism
A fall in last week's claims for unemployment insurance in the US has led to a share market bounce around Asia.
Last night's fall in claims for unemployment insurance has many analysts expecting...
ABC Business News -
Friday November 6, 2009, 3:15 pm
RBA may hold rates in Dec: economists
The Reserve Bank of Australia (RBA) has left its options open for a pause in rate rises in December, following a guarded upgrading of its economic outlook, economists say.In its quarterly statement...
AAP -
Friday November 6, 2009, 1:52 pm
BNP Paribas Q3 net profit rises 45%
French bank BNP Paribas on Thursday reported a 45 per cent increase in third quarter net profit thanks to gains in investment banking and the integration of newly acquired Belgian lender Fortis.The...
AAP -
Friday November 6, 2009, 10:08 am
Bank of England adds STG25b to economy
The Bank of England announced Thursday that it will pump another STG25 billion ($A45.43 billion) into the recession-hit economy, after it held interest rates at a record low."The BoE's...
AAP -
Friday November 6, 2009, 8:32 am
