Commercial banks
Australian shares closed higher on Thursday, led by strong earnings results from major companies such as News Corp and Lend Lease, despite the weakening effect of Westpac chief executive Robert Joss's shock resignation. The market was buoyed by the strong earnings, with a total of 391.2 million
Commercial banks
The Australian sharemarket experienced a sharp decline of 1.24% on February 10, 1999, tracking similar selloffs in European and United States markets overnight. The benchmark all-ordinaries index shed 35.9 points to 2854.8, with telecommunications and Internet stocks being particularly hard hit. Analysts attributed the market's
Commercial banks
The proposed merger between Societe Generale and Paribas, two of France's biggest banks, has left hundreds of City jobs in jeopardy. The deal, worth 32 billion euros, will create SG Paribas, the second-largest bank in Europe, with 599 billion euros in assets. While the banks claim the merger
Commercial banks
Oil Search Limited has successfully completed the refinancing of its US$292.5 million bridging facility with a term loan facility agreement for US$245 million. The remaining balance of US$47.5 million will be rolled over pending the receipt of divestment proceeds from the company's planned
Commercial banks
The Australian sharemarket rebounded strongly from its Australia Day holiday break, with the All Ordinaries Index climbing 23.5 points to 2851.4, and the All Industrials Index rising 49.3 points to 5162.9. National Australia Bank's 39% increase in first-quarter net profit to $456.55 million
Commercial banks
The Australian market opened with a surge in media giant News Corp and major banks, driven by positive performances from Wall Street and a strong first quarter earnings result from National Australia Bank. The all ordinaries index rose by 42.3 points to 2870.2, while the all industrials index
Commercial banks
Christine M. Donohoo, a seasoned marketing executive with a wealth of experience in the financial services industry, has joined Transmedia Network, Inc. as President of its subsidiary, Transmedia Service Company. Donohoo comes from Bank of America, where she held the position of Senior Vice President for Integrated Marketing Communications. She
Commercial banks
In the late 1990s, the bankruptcy landscape in Southwest Florida's counties of Charlotte, Manatee, and Sarasota was marked by a significant number of Chapter 13 and Chapter 7 filings. This period saw individuals and families struggling with debt, with many facing financial difficulties due to a combination of
Commercial banks
The Australian sharemarket closed lower on the day but off its depths, thanks to a combination of positive domestic statistics and a recovery in the long bond rate. The all ordinaries index closed 17.2 points or 0.61 per cent lower at 2804.8, with market heavyweight News Corp
Commercial banks
The Australian stock market closed down on Monday, with the all ordinaries index slipping 6.9 points to 2849.4, recovering from an intraday low of 2834.2 points. This decline came despite a rally in resource stocks following firmer commodity prices. The all resources index jumped 24.5 points
Commercial banks
Arbitraging was identified as a key contributor to a late slump in the Australian stock market, which forfeited early gains to close 17 points down. Despite opening with a more than 20-point lead, the benchmark all-ordinaries index closed 17 lower at 2815.6 points. Market analysts pointed to arbitraging in
Commercial banks
The Australian share market ended the day in the red, with the benchmark all ordinaries closing 17 points lower at 2,815.6 due to profit taking, weak Asian markets, and arbitraging. Profit taking was evident in several major stocks, including Telstra, which closed down 22 cents after reaching a
