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1m
CNBC
Dudley: Fed needs more powers to support securities firms during crisesOther "significant gaps" remain in the lender-of-last-resort function, Dudley a
Dudley: Fed needs more powers to support securities firms during crises
CNBC / Posted a minute ago
Other "significant gaps" remain in the lender-of-last-resort function, Dudley added. On this, he cited work being done on a global level by the Bank of International Settlements, known as the central banks' central bank, which is studying... Read more
1m
Reuters
Oil prices fall on rising OPEC crude productionA worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this Janu
Oil prices fall on rising OPEC crude production
Reuters / Posted a minute ago
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. SINGAPORE Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent... Read more
1m
Reuters
Yen flirts with 18-month high vs USD, tests Japan's patienceJapanese 10,000 yen notes line up in Tokyo, in this February 28, 2013 picture i
Yen flirts with 18-month high vs USD, tests Japan's patience
Reuters / Posted a minute ago
Japanese 10,000 yen notes line up in Tokyo, in this February 28, 2013 picture illustration. SYDNEY The yen touched a fresh 18-month high against the greenback early on Monday as its biggest weekly gain in over seven years tested the patience of... Read more
1m
Reuters
Asian shares slip, Nikkei skids on yen strengthPeople are reflected in a stock quotation board outside a brokerage in Tokyo, J
Asian shares slip, Nikkei skids on yen strength
Reuters / Posted a minute ago
People are reflected in a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. TOKYO Asian shares fell in early trading on Monday, with Japan's Nikkei plunging after the dollar notched a fresh 18-month low against the... Read more
2m
Australian Broadcasting Corporation
Westpac records $3.9 billion half-year profit, fails to meet expectations due to bad loans Australia's second biggest bank
Westpac records $3.9 billion half-year profit
Australian Broadcasting Corporation / Posted 2 minutes ago
, fails to meet expectations due to bad loans Australia's second biggest bank Westpac has almost doubled its impairment charges for bad loans, hitting its first-half profit bottom line. Key points: Cash... Read more
2m
Australian Broadcasting Corporation
House prices jump in AprilAustralian house prices jump in April, after stalling in March Capital city ho
House prices jump in April
Australian Broadcasting Corporation / Posted 2 minutes ago
Australian house prices jump in April, after stalling in March Capital city home values bounced back last month, led by solid results in Sydney, Brisbane and Adelaide. Figures from CoreLogic RP Data show home values rose by 1.7 per cent across the... Read more
3m
dna
We plan to launch options and trading in indices: Parveen Kumar Singhal, President, MCXIn the past few years, commodity exchange MCX has faced survival issues such as
We plan to launch options and trading in indices: Parveen Kumar Singhal, President, MCX
dna / Posted 3 minutes ago
In the past few years, commodity exchange MCX has faced survival issues such as the imposition of Commodity Transaction Tax, NSEL scam that came to light in July 2013 and the exit of almost entire senior management. Parveen Kumar Singhal, president &... Read more
2 related stories
3m
dna
Lenders to Monnet Ispat eye 700 crore from stake in Orissa SpongeLenders to Monnet Ispat & Energy (Miel) expect a valuation of up to Rs 700 cror
Lenders to Monnet Ispat eye 700 crore from stake in Orissa Sponge
dna / Posted 3 minutes ago
Lenders to Monnet Ispat & Energy (Miel) expect a valuation of up to Rs 700 crore for its significant stake in Orissa Sponge Iron & Steel, according to the disclosure made by them to the prospective bidders for Monnet Ispat & Energy. "Miel discussing... Read more
3m
dna
It's time to slowly enter the marketICICI Bank reported a 76% fall in its fourth quarterly results – sharpest drop
It's time to slowly enter the market
dna / Posted 3 minutes ago
ICICI Bank reported a 76% fall in its fourth quarterly results – sharpest drop in its history on account of a Rs 3,600 crore provision for "future bad loans." That frankly does not make too much sense to me. Why would you in anticipation of future... Read more
32 related stories
4m
Brisbane Times
Banks' credit card fee losses set to worsenThis hit to its fees is one of the few permanent reductions in its non-interest
Banks' credit card fee losses set to worsen
Brisbane Times / Posted 4 minutes ago
This hit to its fees is one of the few permanent reductions in its non-interest income - which at $2.96 billion was 8 per cent below the 2015 first half and 6 per cent below market expectations - and is set to grow. For Westpac, the hit to its... Read more
2 related stories
4m
Brisbane Times
Improved State of the State's report still 'inconsistent': TreasurerQueensland has leap-frogged Australia's other mining-heavy state to wedge itsel
Improved State of the State's report still 'inconsistent': Treasurer
Brisbane Times / Posted 4 minutes ago
Queensland has leap-frogged Australia's other mining-heavy state to wedge itself firmly in the middle of the nation's state economies. The state replaced Western Australia in fifth place on the latest CommSec State of the States report, released... Read more
12 related stories
4m
Toowoomba Chronicle
US giant pays $150m for hinterland herb businessTHE company which owns Palmwoods-based Gourmet Garden has been bought by a US-b
US giant pays $150m for hinterland herb business
Toowoomba Chronicle / Posted 4 minutes ago
THE company which owns Palmwoods-based Gourmet Garden has been bought by a US-based firm in a $150 million deal likely to have the Sunshine Coast business expand its overseas exports. Spice giant McCormick and Company has bought the Botanical Food... Read more
5m
Toowoomba Chronicle
Ag and weather tipped to help CQ's underperforming businessSTRONG agricultural commodity prices and improved weather conditions are expect
Ag and weather tipped to help CQ's underperforming business
Toowoomba Chronicle / Posted 5 minutes ago
STRONG agricultural commodity prices and improved weather conditions are expected to pull Central Queensland businesses out of a confidence slump and boost local economy activity. That is according to Chamber of Commerce and Industry Queensland who... Read more
3 related stories
7m
Money Management
Rate cut on the horizonOfficial interest rates are likely to hit a new low of 1.75 per cent, on the ba
Rate cut on the horizon
Money Management / Posted 7 minutes ago
Official interest rates are likely to hit a new low of 1.75 per cent, on the back of recent consumer price index results, RateCity analysis showed. RateCity money editor, Sally Tindall, said the chances of a budget-cut were more likely than not, if... Read more
7m
Money Management
Lower advice income offsets success in private wealth for BTFGFalling income from BT Financial Group's advice business is countering the impr
Lower advice income offsets success in private wealth for BTFG
Money Management / Posted 7 minutes ago
Falling income from BT Financial Group's advice business is countering the improved performance of its private wealth division, Westpac's interim financial results for 2016 reveal. The company revealed that BTFG's funds management cast earnings fell... Read more
7m
Money Management
Kidman decision leaves room for crowd-funded purchaseTreasurer, Scott Morrison's view that the proposed sale of the Kidman Station t
Kidman decision leaves room for crowd-funded purchase
Money Management / Posted 7 minutes ago
Treasurer, Scott Morrison's view that the proposed sale of the Kidman Station to a Chinese consortium is "not in the national interest", may encourage more investors to back a crowd-funding campaign, orchestrated by DomaCom. Following last week's... Read more
7m
Money Management
Extra planner education urged on leverageDealer groups have an obligation to ensure that only those planners who are sui
Extra planner education urged on leverage
Money Management / Posted 7 minutes ago
Dealer groups have an obligation to ensure that only those planners who are suitably qualified are allowed to deliver advice around leverage and margin lending, a Money Management roundtable sponsored by Bendigo and Adelaide Bank's Leveraged business... Read more
8m
The Age
Banks' credit card fee losses set to worsenFor Westpac, the hit to its credit card fees is one of the few permanent reduct
Banks' credit card fee losses set to worsen
The Age / Posted 8 minutes ago
For Westpac, the hit to its credit card fees is one of the few permanent reductions in its non-interest income. Photo: Dominic Lorrimer This hit to its fees is one of the few permanent reductions in its non-interest income - which at $2.96 billion... Read more
2 related stories
9m
The Fairfield Citizen
Q&A: Puerto Rico's debt crisis explainedFILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies
Q&A: Puerto Rico's debt crisis explained
The Fairfield Citizen / Posted 9 minutes ago
FILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S.... Read more
82 related stories
10m
Sydney Morning Herald
Banks' credit card fee losses set to worsenFor Westpac, the hit to its credit card fees is one of the few permanent reduct
Banks' credit card fee losses set to worsen
Sydney Morning Herald / Posted 10 minutes ago
For Westpac, the hit to its credit card fees is one of the few permanent reductions in its non-interest income. Photo: Dominic Lorrimer This hit to its fees is one of the few permanent reductions in its non-interest income - which at $2.96 billion... Read more
2 related stories
10m
Business Insider
Halliburton's mega-merger with Baker Hughes is officially overThe $28 billion merger between Halliburton and Baker Hughes is officially over.
Halliburton's mega-merger with Baker Hughes is officially over
Business Insider / Posted 10 minutes ago
The $28 billion merger between Halliburton and Baker Hughes is officially over. The companies announced Sunday that they terminated their merger agreement after it faced opposition from US and European antitrust regulators. Reuters earlier reported... Read more
28 related stories
11m
Queensland Times
Ag and weather tipped to help CQ's underperforming businessSTRONG agricultural commodity prices and improved weather conditions are expect
Ag and weather tipped to help CQ's underperforming business
Queensland Times / Posted 11 minutes ago
STRONG agricultural commodity prices and improved weather conditions are expected to pull Central Queensland businesses out of a confidence slump and boost local economy activity. That is according to Chamber of Commerce and Industry Queensland who... Read more
3 related stories
11m
News.com.au
The Australian property prices bouncing backCoastal areas such as Wollongong are enjoying a rise in values as buyers are pr
The Australian property prices bouncing back
News.com.au / Posted 11 minutes ago
Coastal areas such as Wollongong are enjoying a rise in values as buyers are priced out of capital city markets. Picture: Cameron Richardson. Michelle Hele network online real estate editorNews Corp Australia Network REGIONAL towns are making a... Read more
12m
The New Zealand Herald
Reserve Bank in quandary over housingGraeme Wheeler conceded that the exchange rate is already "higher than appropri
Reserve Bank in quandary over housing
The New Zealand Herald / Posted 12 minutes ago
Graeme Wheeler conceded that the exchange rate is already "higher than appropriate" with dairy and other commodity export prices low at the moment. Photo / Mark Mitchell But for the latest upsurge in house prices, the Reserve Bank would probably... Read more
12m
The New Zealand Herald
World's biggest windmills now make jumbo jets look tinyAn employee closes the hatch after exiting the nacelle of a Vestas V164 wind tu
World's biggest windmills now make jumbo jets look tiny
The New Zealand Herald / Posted 12 minutes ago
An employee closes the hatch after exiting the nacelle of a Vestas V164 wind turbine during operational testing at the Danish National Testing Centre in Osterild, Denmark. Photo / Bloomberg Often derided as a blot on rural landscapes, wind turbines... Read more
2 related stories
13m
WPIX 11 New York
Sports Authority closing all stores nationwideThe sporting goods brand filed for Chapter 11 bankruptcy and initially said it
Sports Authority closing all stores nationwide
WPIX 11 New York / Posted 13 minutes ago
The sporting goods brand filed for Chapter 11 bankruptcy and initially said it would be closing 143 stores in 27 states. However, the company is in more than $1.1. billion in debt and said it wouldn’t be able to reorganize, Forbes.com... Read more
13m
Bangkok Post - Thailand's English news
Halliburton, Baker Hughes call off mergerSAN FRANCISCO - US oil services companies Halliburton and Baker Hughes have cal
Halliburton, Baker Hughes call off merger
Bangkok Post - Thailand's English news / Posted 13 minutes ago
SAN FRANCISCO - US oil services companies Halliburton and Baker Hughes have called off their proposed merger that had met resistance from American antitrust officials, a joint statement said. US oil services companies Halliburton and Baker Hughes... Read more
13m
San Antonio Express-News
Puerto Rico's debt crisis explainedFILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies
Puerto Rico's debt crisis explained
San Antonio Express-News / Posted 13 minutes ago
FILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S.... Read more
82 related stories
13m
The Lexington Dispatch
Q&A: Puerto Rico's debt crisis explainedNEW YORK (AP) � Puerto Rico's governor said Sunday that the island's government
Q&A: Puerto Rico's debt crisis explained
The Lexington Dispatch / Posted 13 minutes ago
NEW YORK (AP) � Puerto Rico's governor said Sunday that the island's government will not pay most of its $470 million in debt payments that are due by Monday, citing failed last-minute negotiations with its creditors to avoid a third default. This... Read more
82 related stories
14m
The Hill
Puerto Rico will default on $422 million debt payment MondayIn a television address made Sunday, Puerto Rico's governor Alejandro Garcia Pa
Puerto Rico will default on $422 million debt payment Monday
The Hill / Posted 14 minutes ago
In a television address made Sunday, Puerto Rico's governor Alejandro Garcia Padilla said the island's Government Development Bank (GDB) will not make a $422 million payment due to its creditors by the end of business on Monday, according to... Read more
82 related stories
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