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Asian Stocks Advance in U.S. Trading, Led by Financial Shares; Woori Rises
Asian stocks trading in the U.S. rose for a third day as financial companies rallied in anticipation U.S. lawmakers will approve Treasury Secretary Henry Paulson 's rescue plan for the top two mortgage-finance ...
New Zealand Consumers, Facing Recession, Must Wait for Interest-Rate Cut
New Zealand central bank Governor Alan Bollard will probably keep interest rates at a record this week to fight inflation, ignoring a slump in consumer confidence and housing that may have pushed the economy ...
Asian Stocks Rise in U.S., Mizuho Leads Banks, Taiwan Semiconductor Climbs
Asian stocks rose in U.S. trading for a second day as higher-than-estimated profit at JPMorgan Chase & Co.
Westpac nabs CommBank CIO, creates new technology division
Appoints Bob McKinnon to lead new division. Dylan Bushell-Embling 18/07/2008 08:41:49 + MANAGING -- To Hell and Back.
Kelly gets ducks in line at Westpac
THE CHIEF executive of Westpac, Gail Kelly, has dipped into her 10-year stint at the Commonwealth Bank and St George to come up with a "back to the future" managerial revamp of her new employer.
Westpac to undergo organisational restructure
Westpac is merging the customer facing activities of its retail and business banks in a sweeping review its organisational structure.
Bank accord: Allco steps away from the brink
ALLCO Finance Group has returned from the brink, securing the support of its bankers and working on two new investment funds housing up to $1 billion in aviation and shipping assets.
Westpac takes over Tongan operation
Westpac Banking Corp has bought the 40 per cent stake held by the Government of Tonga in Westpac Bank of Tonga for an undisclosed sum.
Going for broker bad idea at the time
ANDREW THE idea of a retail bank buying a stockbroker is, like second-time around marriage, a triumph of hope over experience.
Australian stocks: Market down on weak financials
Australian shares fell 1.5 per cent today, led down by financials such as Westpac Banking Corp on concerns about credit markets and slowing economic growth.
Westpac Funds Management loses $31m from valuation
Westpac Funds Management said $31.3 million had been wiped from the valuation of its office trust portfolio during the second half of the 2008 financial year, as credit crunch impacts.
Australian, New Zealand Dollars Gain as Commodity Prices Advance to Record
The Australian and New Zealand dollars rose as prices of commodities the two nations export advanced, improving the outlook for the South Pacific economies.
Allco's Bankers Extend Debt Deadline Third Time Until July 31; Shares Rise
Allco Finance Group Ltd. , with seven times more debt than equity, said bankers agreed to a third one- month extension on A$250 million of short-term loans.
Technical factors are temporarily exaggerating the size of an acceleration in labour productivity during the past year, Westpac economists say.
Westpac Aims To Buy Way To Top
Westpac is attempting to capitalize on the pounding shares of St. George have taken to grab the pole position in the Australian banking sector.
HSBC looks abroad to cash in on super market
THE global bank HSBC has launched a wholesale wealth management business at its Sydney headquarters to channel funds into high-performing foreign economies.
Philippine Jan-Mar Mining Investments At $68.23 Million - Agency
Australian Competition & Consumer Commission Chairman Graeme Samuel said Wednesday that the outcome of a review into whether Westpac Banking Corp.
Lackluster Trading Day In Asia; Malaise In Shanghai
Asian stock markets were volatile Monday following steep losses on Wall Street on Friday on renewed concerns over the global credit crunch and rebounding oil prices.
Financial sector drags down market
THE Australian stock market opened in negative territory weighed down by losses in financial sector.
Australia Regulator:Significant Issues In Rio, St George Bids
Graeme Samuel, chairman of Australia's competition watchdog, said Thursday that BHP Billiton Ltd.'s bid for Rio Tinto Ltd.