US stocks have closed lower amid investor caution after Alcoa said that China's economic slowdown was hitting aluminum consumption and Chevron slashed its earnings outlook.
Some of the public anger directed at Australian banks is justified and the only way to counter this is to treat customers well, Bendigo and Adelaide Bank says.
The Australian share market has opened lower after world markets fell on a downgrading of world economic growth forecasts and expectations of weak earnings from US companies.
US stocks have skidded after the IMF cut its global economic growth forecasts and investors braced for the start of a poor third-quarter earnings season.
The Australian share market has closed above the 4500 level for the first time in 14 months.Energy and Resources stocks drove the gains on the back of positive price action in Asia.
US stocks have followed European and Asian markets lower, giving up some of last week's solid gains ahead of the third quarter earnings reporting season.
A 2009 investigation by accounting firm KPMG into note-maker Securency discovered material that indicated an employee had raised concerns over possible corrupt payments two years earlier, a parliam
Bankwest is one of nine lenders in Australia that have not passed on the full 25 basis point cut to their standard variable home loan rates since the Reserve Bank dropped the official cash rat
The Australian share market has opened flat following a lacklustre lead from the US on Friday despite employment figures coming in better than expected.
Negativity about the Australian economy has pushed the Australian dollar to a three-month low, despite the release of better than expected US jobs data.
US stocks sustained their push upward on Friday, capping the week with the Dow hitting its best level since December 10, 2007, as high liquidity and ultra-low interest rates fuel an appetite for ri
The Australian share market posted gains for a seventh consecutive day on Friday but unlike the rest of the week was led by cyclical mining stocks instead of high yielding banks.
Westpac, the Commonwealth Bank and National Australia Bank have cut their variable home loan rates but failed to match that of the Reserve Bank, citing the high costs of deposits.
Bank of Queensland is poised to post the first full year loss by an Australian bank in 20 years because of its exposure to the struggling south-east Queensland property market.
A class action brought by Australian lawyers has compelled seven New York bankers to answer shareholders' questions about massive losses incurred by the National Australia Bank during the global fi
US stocks have extended their gains, with some analysts crediting Mitt Romney's strong presidential debate performance against Barack Obama for the surge.
The Australian dollar is slightly higher after a significant fall in recent days on weak trade data and monetary easing from the Reserve Bank of Australia.
Hewlett Packard shares have plunged on concerns about the company's turnaround strategy but the markets overall closed higher, helped by firm reports on services sector growth and private hiring.
