Tag: Finance markets
Markets soar after bank rescue plan unveiled
European markets surged as much as 11 per cent overnight after Eurozone countries announced details of their huge bank rescue plan.[MORE]
Europe shares cheer bank rescue
European shares soared by a record 9.2 per cent on Monday (local time), with financials in the lead in reaction to measures hammered out by government leaders and central bankers to revive credit markets and bail out banks.[MORE]
Wall Street shares skyrocket on global crisis efforts
Wall Street shares skyrocketed at the market opening, with the Dow up more than four per cent, after governments around the world took a series of steps to combat the financial crisis and shore up confidence.[MORE]
European stocks rally on G7 plan
Stock markets in Europe have reacted postively to the G7's five-point plan for tackling the financial crisis.[MORE]
Local market boosted by bank deposit guarantee
Australian stocks have closed up, buoyed by news the Federal Government will guarantee all bank deposits held in Australian financial institutions.[MORE]
Cash injection boosts bank stocks
Australian shares have jumped after a massive injection of cash into the banking system by the Reserve Bank.[MORE]
Joseph Stiglitz: The chuckling economist
Old-fashioned warnings like greed, pride, hubris and lack of trust riddled Stiglitz's speech. These basic vices, that centuries of education have warned us against, rose through his analysis of the financial markets like warm swords.[MORE]
Market bounces back on opening
Banks lead the way as Australian shares jump more than 5 per cent.[MORE]
Bargain hunters expected to boost market
Bargain hunters urged to get in quick ahead of expected Australian sharkemarket rebound.[MORE]
Wall St rallies to close down 1.5pc
The US stock market has posted its eighth straight day of losses as investor fears persist.[MORE]
Bush vows to resolve financial crisis
US President George W Bush has said the American Government would move aggressively to address the financial markets crisis[MORE]
Wall St slides on global rout, bank woes
Wall Street shares have plunged to a five-year low at the opening of trade as the global stock meltdown continues.[MORE]
European stocks continue to plummet
European stocks have plunged after steep losses on local, Asian and US markets.[MORE]
European shares join global plunge as banks tumble
European stocks have tumbled at the open of trade, tracking plunges in Asian and US equities as investors feared world governments' attempts to unlock credit markets would not be enough to ward off a global recession.[MORE]
Black Friday: markets suffer biggest loss in 21 years
The Australian sharemarket has had its second biggest one-day fall on record.[MORE]
G20 'vital' to easing global market turmoil
Analysts say a global response from this weekend's Group of 20 (G20) meeting is crucial to addressing the financial crisis.[MORE]
Asian markets lose 11pc in early trade
The share market rout has hit hard in Asia, where the region's biggest exchange in Tokyo has fallen by 11 per cent.[MORE]
Resources Council expects coal export downturn
The Qld Resources Council says the global economic crisis is expected to lead to a downturn in coal exports to China.[MORE]
Mayor stands firm on Brisbane's Future Fund approach
Brisbane Lord Mayor Campbell Newman says he will not back down on plans involving his so-called Future Fund, even though there is a global financial crisis.[MORE]
Market plunges almost 8pc
Shares on the Australian share market have slumped almost 8 per cent.[MORE]
US stocks dive to new five-year low
United States stocks have fallen for the seventh straight day, sending the Dow Jones industrial average to a new five-year low.[MORE]
Swan seeks global solution to financial crisis
Wayne Swan is pushing for a concerted global response to the financial crisis.[MORE]
US Govt mulls taking stake in banks
The United States Government is considering taking part ownership in a number of American banks to help restore calm in the global financial markets.[MORE]
Wall Street sees bounce at open
US shares rebounded at the open as investors hunted for bargains after several sessions of vicious selling and mulled the latest initiatives to stem a global financial crisis.[MORE]
European stocks mostly rebound amid rate cuts
European stock markets rebounded slightly as governments rushed to protect ailing banks and their savers, while Asian shares ended mixed after world indices endured sharp falls a day earlier.[MORE]
