Banking & Finance
Business News By Wall Street Journal
IAG raises $550m, cuts payout
Adele Ferguson
INSURANCE giant IAG stunned investors yesterday with a $550 million capital raising
Europe bank fears hit bourse
Allison Jackson
AUSTRALIAN shares sank 1.5 per cent yesterday amid growing fears about European banks and disappointing company results.
Dexus singed as values burn
Bridget Carter
AUSTRALIA'S listed property companies have booked more than $4.2 billion in half-year net losses this reporting season, as the sector...
Westpac's bad debts soar
Richard Gluyas
A MORE than fivefold increase in bad debts for the December quarter has erased Westpac's strong revenue performance.
Unfair capital raisings
SHAREHOLDER: Stuart Wilson
ONE would expect Commonwealth Bank to be meticulous in its capital raisings after its embarrassing attempt to raise money from...
IAG warns H1 profit to fall 96pc
UPDATE: Bill Lindsay
IAG has warned its first-half profit will fall 96 per cent as investment income was savaged by weak equity markets.
Westpac's bad debts rise sharply
UPDATE: Lyndal McFarland
WESTPAC has suffered a sharp increase in troubled debts in its first quarter and says it will review its dividend payout levels.
Perpetual falls after H1 profit tumble
UPDATE: Cynthia Koons
PERPETUAL'S first-half profit plummeted 84 per cent as the global financial crisis weighed on the fund manager.
IAG to raise $500m, warns on profit
Iain McDonald
INSURANCE Australia Group says that it plans to raise around $500 million and expects a first-half net profit of only $4 million.
Westpac bad debt charges jump in Q1
Lyndal McFarland
WESTPAC said today its first-quarter earnings fell around 2 per cent, weighed down by a near six-fold increase in bad debt charges.
ASIC pips ASX on Tricom
Adele Ferguson
THE corporate regulator ASIC pipped the Australian Securities Exchange at the post yesterday.
Also in Banking & Finance Today
Rio Tinto is 'blackmailing' Rudd: AWU
Matthew Franklin and Nicola Berkovic
THE AWU has attacked Rio Tinto as a blackmailer trying to pressure the Rudd Government into backing its plans to to sell up to China.
Retail Consumer - Top Gainers & Losers
Company Name | Price | Change | %Change | |
---|---|---|---|---|
FlexiGroup | 0.39 | +7.9 | UP | +20.31% |
China Century Capital | 0.03 | +0.5 | UP | +17.39% |
Asian Masters Fund | 0.85 | +6.5 | UP | +7.59% |
Templeton Global | 0.76 | +3.7 | UP | +4.86% |
TOWER | 1.29 | +4.1 | UP | +3.2% |
iShares MSCI South Korea | 37.88 | -324.6 | Down | -8.57% |
India Equities Fund | 0.33 | -3.2 | Down | -9.59% |
E & A | 0.26 | -3.5 | Down | -13.34% |
GoldLink IncomePlus Limited | 0.02 | -0.3 | Down | -15.00% |
CommQuest | 0.03 | -0.8 | Down | -25.00% |
04:10PM AEDT
Europe bank fears hit bourse
Allison Jackson
AUSTRALIAN shares sank 1.5 per cent yesterday amid growing fears about European banks and disappointing company results.
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NSW 'Silicon Valley' to create job boom
Simon Benson
A "SILICON Valley" will be created in the heart of Sydney's Western Suburbs, generating an estimated 52,000 jobs over the next 10...
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Creativity is booming
Christina Binkley
Judging from the styles on display at fashion week, a recession does wonders for creativity.
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Also in The Australian Today
Costello vows to stay put
Dennis Shanahan and Padraic Murphy
PETER Costello has strengthened his resolve to stay in parliament after attempts to implicate him in the Julie Bishop resignation.
NSW 'Silicon Valley' to create job boom
Simon Benson
A "SILICON Valley" will be created in the heart of Sydney's Western Suburbs, generating an estimated 52,000 jobs over the next 10...
Bradley review prompts Go8 ire
Luke Slattery
THE Group of Eight has savaged the Bradley review, describing it as a "road map to mediocrity", foolish and deeply flawed.
Single pension 'too low'
Patricia Karvelas, Political correspondent
THE single age pension should be raised to two-thirds of the couple rate, according to an internal government review of the pensions...