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Business conditions steady despite turmoil

posted by mags23 1321 days ago in AUD made popular 1320 days ago

A key measure of Australian business conditions held broadly steady in September in the face of global financial market turmoil, helped mainly by the booming mining sector, a survey showed on Tuesday.

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Bush to announce expanded bank bailout details

posted by odell 1321 days ago in USD, Fundamental, Consumer made popular 1320 days ago

The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and gove

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EU Nations Commit 1.3 Trillion Euros to Bank Bailouts

posted by odell 1321 days ago in EUR made popular 1320 days ago

France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system.

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Oil Rises as U.S., European Governments Move to Support Bank

posted by maximumpips 1321 days ago in Oil made popular 1321 days ago

Oil rose, rebounding from last week's 17 percent plunge, as governments in the U.S. and Europe acted to stem the worst financial crisis since the 1930s.

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Dollar Eases Versus Euro and Sterling Amid Global Efforts To

posted by fxmasta 1321 days ago in USD, EUR, Technical made popular 1321 days ago

The dollar leveled off versus other major currencies Monday morning in New York, giving back some of last week's substantial gains after leading central banks across the globe announced additional measures to provide broad access to liquidity and

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Australia, New Zealand Join The Deposit Guarantee Club

posted by lovethefx 1321 days ago in AUD, Fundamental, Daily made popular 1321 days ago

The Australian and New Zealand governments announced measures to lessen the impact of the global financial market rout on their banking systems, over the weekend. The move came in response to similar efforts agreed by G-7 nations to stabilize fin

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U.K. Pounds Has Biggest Gain Against U.S. Dollar in a Month

posted by fxhottie 1321 days ago in USD, GBP, Fundamental made popular 1321 days ago

The U.K. pound rose the most in a month against the dollar as the government handed a $64 billion bailout to Royal Bank of Scotland Plc, HBOS Plc and Lloyds TSB Group Plc.

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Australia, New Zealand Join The Deposit Guarantee Club

posted by fxhottie 1321 days ago in AUD, NZD, Daily made popular 1321 days ago

The Australian and New Zealand governments announced measures to lessen the impact of the global financial market rout on their banking systems, over the weekend. The move came in response to similar efforts agreed by G-7 nations to stabilize fin

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Warren Buffett's Reassuring Words On the Future

posted by MarcB 1321 days ago in USD, Daily made popular 1321 days ago

As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.

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Yen to Rise to 95 on Carry-Trade Unwind

posted by MarcB 1321 days ago in JPY, Sentiment, Daily made popular 1321 days ago

The yen may extend gains against the U.S. dollar as Japanese investors start selling some of their more than $1.3 trillion in overseas assets to bring money home because of a global slump in equities, JPMorgan Chase & Co. said.

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Shares rebound on rescue plan

posted by mags23 1321 days ago in AUD made popular 1321 days ago

THE stock market rallied today and recorded its biggest one-day rise in almost 11 years after the Federal Government took measures to stabilise the banking system by guaranteeing bank deposits.

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Shares post best daily gain in a decade

posted by mags23 1321 days ago in AUD made popular 1321 days ago

Update Australian shares rallied to their biggest one-day gain since October 1997 after renewed efforts by governments at home and abroad to bolster banks sparked renewed confidence in financial stocks and big miners..

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