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Oct 20, 2008
Reuters -
SYDNEY, Oct 21 (Reuters) - National Australia Bank (NAB.AX: Quote, Profile, Research, Stock Buzz), the nation's top lender, reported a major jump in ... -
Oct 20, 2008
Reuters -
By Mette Fraende SYDNEY, Oct 21 (Reuters) - National Australia Bank (NAB.AX: Quote, Profile, Research, Stock Buzz), the nation's top lender, ... -
Oct 21, 2008
Melbourne Herald Sun, Australia -
On the one hand, projecting growth and strength, so as not to frighten depositors and other lenders. Or indeed shareholders and investors. In the usual absence of an unlimited Triple-A government guarantee, of course. On the other, ... -
Oct 21, 2008
International Herald Tribune, France -
SYDNEY: National Australia Bank, the largest lender in Australia, reported a fourfold increase in bad-debt charges Tuesday and warned of tough times ahead, with Australian growth slowing and major offshore markets in recession. National Australia Bank, or NAB, made the ... -
Wednesday, October 22, 2008
Wall Street Journal -
By LYNDAL MCFARLAND MELBOURNE -- National Australia Bank Ltd. posted a 0.9% decline in its fiscal-year earnings as bad-debt charges and provisions for possible losses increased, but the company said it remains confident it can boost underlying profitability in the year ahead. ... -
Oct 21, 2008
RGE Monitor, NY -
The role of Credit Rating Agencies has come to the forefront of the policy debate in recent months. The sudden collapse of complex structured financial instruments that were once categorized as safe “investment grade” products has cast doubts on the way rating agencies do ... -
Wednesday, October 22, 2008
Financial Times, UK -
By Nikki Tait in Brussels Trading firms, investors and exchanges involved in the huge $60000bn credit derivatives industry have been asked by European regulators to draw up plans to ensure that risks to financial markets from these instruments are reduced. European ... -
Tuesday, October 21, 2008
Voice of America -
By VOA News US President George Bush will not press ahead with a second economic stimulus package, despite suggestions it could stop the country from sliding into a prolonged slowdown. White House spokeswoman, Dana Perino said Tuesday the president is open to all ... -
Wednesday, October 22, 2008
Bloomberg -
By Holly Rosenkrantz Oct. 22 (Bloomberg) -- The US will host a global economic summit in the Washington area beginning Nov. 15, White House spokeswoman Dana ... -
Wednesday, October 22, 2008
Bloomberg -
By Michael McKee and Simon Kennedy Oct. 22 (Bloomberg) -- World leaders, facing financial markets in turmoil and the possibility of global recession, will discuss ways to fix the crisis at a summit meeting in Washington next month. ...
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Oct 21, 2008
Reuters -
The Buffalo, New York-based lender increased to $781 million the amount it set aside to cover bad debt, while loans it doesn't expect to be paid back rose to $710 million. M&T's largest investors include Warren Buffett's Berkshire Hathaway Inc (BRKa.N: Quote , Profile , ... -
Wednesday, October 22, 2008
United Press International -
NEW YORK, Oct. 22 (UPI) -- US stock indexes headed lower Wednesday as corporate reports gave more signs of a US economic downturn. Wachovia Corp. ... -
Wednesday, October 22, 2008
Reiten Television KXMB Bismarck, ND -
AP NEW YORK (AP) Investors have suffered through another late-day decline on Wall Street. The drops followed losses seen in global markets. ... -
Oct 17, 2008
Los Angeles Times, CA -
There are signs that the global panic has eased. Now it's time for the world's bankers to get credit flowing freely again It only took trillions of dollars of government cash and guarantees, but the fear gripping global markets finally has begun to ease. Now it's ... -
Oct 20, 2008
The Associated Press -
NEW YORK (AP) — Wall Street headed for a higher open Monday as investors cheered signs of thawing in global credit markets even as they poured over a batch of quarterly earnings for clues about whether the U.S. faces a short downturn or a deep, protracted recession. Ahead ... -
Oct 20, 2008
Xinhua, China -
NEW YORK, Oct. 20 (Xinhua) -- Wall Street opened higher Monday as credit markets continued to show signs of easing following the government's rescue plan ... -
Oct 20, 2008
The Associated Press -
NEW YORK (AP) — Wall Street bounded higher Monday, extending its streak of volatility as investors, regaining more of their confidence, bought stocks on growing signs that the credit markets are reviving. The Dow Jones industrials rose more than 300 points, and all ... -
Oct 20, 2008
New Zealand Herald, New Zealand -
New Zealand investors stuck their head above the parapet again today, and the sharemarket opened up about 2 per cent after a surge of optimism on Wall Street. A rise in the Dow Jones industrials index of 400 points gave that market a shot in ... -
Oct 21, 2008
Wall Street Journal -
By PETER A. MCKAY Although big moves in stock indexes lately have dominated the headlines, the focus of many professional traders has been trained on a few key measures of interest rates. Those indicators eased on Monday, suggesting that the flow of borrowed cash that is ... -
Oct 21, 2008
The Associated Press -
NEW YORK (AP) — Wall Street headed for a lower open Tuesday, a day after a big rally, as investors monitored gradually easing credit market conditions while sifting through another batch of quarterly earnings reports for clues on where the economy is headed. Ahead of the ...
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