Asia stocks off 5 percent
Asian stocks dropped by around 5 percent as investors doubted a scattered European response to the financial crisis and a $700 billion U.S. bank bailout could prevent a deeper slump.
ANZ ups provision for credit casualties
High-profile credit crunch casualties have forced Australia's third biggest lender ANZ Banking Group Ltd to escalate its first half total bad debt provisions.
Gloomy outlook for commodities
Commodities prices may drop faster next year, pressured by slumping global demand and a strengthening US dollar, according to ANZ Bank.
08/20/08
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ANZ shares plunge 9%
Investors have hammered ANZ Bank after it flagged $1.2 billion in bad debt provisions for the 2008 second half.
Lofty ambition royally thwarted
MIKE SMITH'S first year in charge of ANZ Bank is turning into what a slightly more regal English figure once termed an "annus horribilis".
ANZ Bank pipped in Hong Kong bank bid
China Merchants Bank pips ANZ Bank as the preferred bidder for Hong Kong's Wing Lung Bank.
05/23/08
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ANZ member of Shanghai Gold Exchange
ANZ Bank will become one of only four foreign banks permitted to trade gold in China after becoming a member of Shanghai Gold Exchange.
China tries to hose down Macau gambling
The stakes seem to have been too, too hot for Beijing tastes.
07/08/08
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Higher rates, bad debts erode ANZ profit
Higher provisions for corporate bad debts and the first signs that higher interest rates are beginning to reduce consumer spending combine to cut ANZ Bank's half year profits.
ASX surges on interest rate hopes
The Australian share market made strong gains, closing more than three per cent higher following a strong US lead and hopes of cuts to domestic interest rates.
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
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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.
Kill the competition: Energy...
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
07/28/08
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ANZ announces 7% fall in profit
ANZ says provisions and non-performing loans increased as it announced a seven per cent decline in profit in the half year ended March 31.
ANZ profit expected to ease
Investors in ANZ will be looking for more details on the scale of potential losses from failed brokerages when it reports half-year results.
Chimaera remains silent
A week after Chimaera Capital was first mentioned as a company whose financial health could be suffering, the company remains silent.
U.S. dollar at 1-mth yen high; oil below $124 (Reuters)
Reuters - The U.S. dollar rose to a 1-month high against the yen on Monday on easing fears about the world's largest economy, and Asian stocks were mixed as financial sector uncertainty lingered ahead of a slew of company earnings.
CBA to spend $580m over on technology
Commonwealth Bank of Australia will spend $580 million over four years replacing 45-year-old technology systems to improve efficiency and customer service.
Singaporean player sues Opes Prime
A Singaporean client of Opes Prime has taken legal action against the failed stockbroker and against investment bank Merrill Lynch over share losses.
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.
Profits show big banks weathering storm
Australia's major banks have proven resilient in the face of the global credit crunch, says an industry survey.
Westpac momentum tipped to continue
Analysts say Westpac Banking Corporation Ltd is a "safe haven" in the finance sector and are tipping its strong profit momentum to continue.
Asian stocks post weekly gain
Asian stocks have their biggest weekly advance this month on speculation that companies' earnings will withstand credit-market losses and slowing global growth.
04/26/08
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Darker skies on the horizon for airlines
Even Qantas is being marked down despite some smooth flying right now.
Austin forecasts a return to profit
Struggling clothing wholesaler Austin Group says it will return to profitability in the second half of next financial year, after booking a loss this year.
04/22/08
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Medicine for an ailing market
Biotech companies are a relatively calm corner in the middle of a market storm.