Some Doubt a Settlement Will End Mortgage Ills
Even as government officials prepare to unveil new standards this week for how banks treat millions of Americans facing foreclosure, housing advocates and homeowners...
Eurozone seals 2nd Greek bailout after tortuous talks Greek debt expected...
Euro zone finance ministers sealed on Tuesday a second bailout for debt-laden Greece that will resolve its immediate financing needs but seems unlikely to revive the...
Australian stocks close with mild gains as Billabong soars
THE sharemarket closed with small gains today as miners and banks lagged, although Billabong managed to surge 46 per cent.
Splitting Greek bailout is off the table, says Germany
A DEBT restructure and second bailout for Greece appeared likely to go ahead according to plan, as German officials scrapped an idea to pressure Greece by withholdin...
Fall in ABS unemployment rate takes heat off Reserve Bank
AUSTRALIA'S unemployment rate fell to 5.1 per cent in January, reducing the chance of further interest rate cuts by the Reserve Bank of Australia in the next few mon...
Sharemarket closes with sharp losses as banks, miners are hit
THE sharemarket closed with sharp losses today, dragged down by a slew of weak earnings reports and soft commodity prices.
Bank funding costs ‘much higher’: RBA’s Debelle
FUNDING costs for Australia's banks have grown considerably in the past year due to the crisis in Europe, a senior official for Australia's central bank said today.
Sharemarket closes with losses after Moody’s European downgrades
THE stockmarket closed with sharp losses today, with investors on tenterhooks over Greece, while a move by Moody's to slash ratings and outlooks across Europe unders...
Economists Warn of Long-Term Perils in Rescue of Europe’s Banks
Few would begrudge Mario Draghi his boast last week that he and the European Central Bank had prevented a disastrous credit crisis by showering banks with cheap loan...
Crisis in Japan Transforms Global Natural-Gas Market
Just as the U.S. is preparing to crank up sales of its vast natural-gas supplies abroad, the global market is being reshaped by Japan—which is suddenly retreating fr...
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