Posts Tagged ‘australia’

Financeroll - Kiwi lifted by RBNZ Bollard comments on possibly higher Kiwi GDP, speaking at meeting of Trans Tasman Business Circle in Auckland, titled "Could we be better off than we think". NZD/USD spiked to 0.8358, up from NY close of 0.8330, on RBNZ speech. While AUD/NZD dipped to 1.2860-70, from 1.2900 - on comments that NZ GDP could be up to 10% higher than ... Full story

Financeroll - The euro clawed higher on Wednesday and stayed above a one-week low hit the previous day, with markets cautiously optimistic that European leaders will take decisive action to contain the region's debt crisis at a summit later this week. The euro rose 0.3 percent to $1.3435, hovering ... Full story

Finaceroll - JPMorgan Chase & Co's quarterly earnings fell 4 percent as the European debt crisis pushed investment banking clients to the sidelines, but results were helped by an accounting gain the bank can take when markets are in turmoil. Excluding the accounting adjustment, JPMorgan's third-quarter profit dropped ... Full story

Financeroll - Rallies by hard-pressed banks, insurers and commodity stocks led a bounce back by Britain's top shares Wednesday as support for debt-laden Greece revived investor appetite for riskier assets. Financial issues were boosted after the International Monetary Fund said it "definitely participate" in a second bailout package for Greece if the Washington-based lender was happy about the country's determination to solve its ... Full story

Financeroll - Britain's top share index hit a 15-month closing low on Tuesday, with banks and commodity stocks leading a broad-based sell-off, as growing doubts over Greece's ability to stave off a debt default triggered fears of financial turmoil. Markets drew some comfort after U.S. Federal Reserve Chairman Ben ... Full story

Financeroll - U.K. stocks fell on Monday, following losses on the Continent, after reports that Greece will fall short of its budget-deficit goals, with banks like Barclays PLC under pressure. The FTSE 100 index fell 1.1% to 5,069.93, though it pared losses after a better-than-expected reading on the U.S. manufacturing sector. ... Full story

Financeroll - Britain's prized triple-A sovereign debt rating could come under pressure if the government strays from its path of public deficit cuts in the face of weaker growth, credit agency Standard & Poor's said on Monday. In a release that coincided with a keynote speech by finance minister ... Full story

Financeroll - Bank of America Corp. has "lots of problems" that will take years to clean up, but the financial firm's underlying business remains "wonderful," billionaire investor Warren Buffett said in an interview on Friday. Buffett, who runs conglomerate Berkshire Hathaway, told Bloomberg Television it will take more than six months ... Full story

Financeroll - U.S. stocks lost steam on Thursday, with two of the three benchmark indexes slipping into negative turf as enthusiasm over Germany’s vote to expand the European rescue fund waned. The Dow Jones Industrial Average rose 15.97 points to 11,026.87. The Standard & Poor’s 500 Index declined 4.52 points ... Full story

Financeroll - Advanced Micro Devices and Netflix fell sharply Thursday as the rest of the tech sector gave up earlier gains from a broad market uptick. By early afternoon, the Nasdaq Composite COMP slipped 0.3% to 2,485 while the Morgan Stanley High-Tech Index was off fractionally. The Dow remained in positive ... Full story