Market Report: Lonmin and Imperial fired up by bid speculation
Lonmin advanced by more than 5 per cent to 2,662p yesterday after a flurry of bid speculation swept through the mining sector.
Late Rally Powers Asian Stock Rebound
Even Korea, which showed early weakness over uncertain reaction to government's bank bailout plan, rises 2.3%, while Japan, Hong Kong and Australia all perform significantly better Monday. 
High bank fees under attack
Households continue to provide a growing source of fee revenue for Australian banks, spurring calls for the government to contain those costs.
It's not over yet
ANZ's earnings hit is not surprising - and much more pain is yet to come from both the big banks and the second-tier players.
NAB cuts broker commissions
NAB will cut its mortgage broker commissions and introduce a gradually increasing trail fee in the expectation brokers develop longer-term clients.
Swan's testing debut
Wayne Swan's first Budget will deliver election-promised tax cuts and a surplus of at least $17 billion.
Kill the competition: HBOS rivalry...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
Kill the competition: Dividend ban...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
ASX closes sharply lower
The Australian share market closed sharply lower, losing two per cent as weaker financial and resource stocks added to the negative direction from Wall Street.
Cautious Commonwealth declares $4.7b record
THE Commonwealth Bank yesterday held back from declaring an even higher profit than its latest $4.7 billion record result, after taking an ultra-cautious approach to the danger of the faltering domestic economy throwing up more bad debts than expected.
Kill the competition: Taxpayer bank...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
10/08/08
Similar news about Acquisition
Kill the competition: Panic strikes...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
Stocks to watch
Stocks of interest on the Australian stock exchange today.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
ASX slightly higher at noon
The Australian share market was slightly higher at noon led by the resources sector.
ASX edges higher as oil and gold rises
The Australian share market nudged a little higher after closing relatively flat last week as gold and oil prices rose.
Aussie stocks down two per cent at noon
The Australian stock market was two per cent lower at noon after falls from the resource and financial sectors following a drop on Wall Street overnight.
Dragon on track for record
A LATE surge in profitable income over the final weeks of the financial year is set to lift St George Bank to record earnings of $1.3 billion, although the result is likely to be at the lower end of its reduced forecasts.
CommBank posts $4.8b profit
Bank lifts its reported profit by 7% and says volatility in financial markets is putting pressure on its funding costs.
Stocks close higher driven by miners
The Australian share market closed moderately higher, driven by renewed strength in global miners BHP Billiton and Rio Tinto.
Pubs with no smoke survive
Butting out hasn't put Victoria's watering holes in the red, with some even prospering nine months on.
Westpac's ray of light
Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.
Stocks close slightly higher
The Australian share market has closed flat, with Westpac and St George the only standouts among banking stocks and the big miners generally weaker.
Tax breaks for savers will cut...
TAX breaks for investors in term deposits and interest-earning savings accounts are part of a bold proposal from the banks to boost domestic savings.
08/08/08
Similar news about ANZ Bank
Best of the big banks
So far, in this first anniversary week of the subprime implosion, Westpac has proved itself most adept among its peers at managing risk.
Westpac expect 8% cash earnings growth
Westpac Banking Corporation says it is on track to deliver 2008 cash earnings growth of between six and eight per cent.