News archive from 22 August 2013

US Fed in two minds over tapering timing

US Fed in two minds over tapering timing

US Fed mulls reverse repos to cit liquidity A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others counselled patience, according to meeting minutes that offered...

 

US Fed in two minds over tapering timing

US Federal Reserve Chairman Ben Bernanke. Photo: Reuters US Fed mulls reverse repos to cit liquidity A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others...

TheAge, 09:04 in Business
 

US Fed in two minds over tapering timing

US Federal Reserve Chairman Ben Bernanke. Photo: Reuters US Fed mulls reverse repos to cit liquidity A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others...

 

Net wealth falls as gap between rich, poor grows

The wealth of a typical Australian household fell by more than $30,000 in the two years following the global financial crisis, official figures show. Wealth estimates by the Bureau of Statistics revealed the average net worth of households fell from...

 

Net wealth falls as gap between rich, poor grows

The wealth of a typical Australian household fell by more than $30,000 in the two years following the global financial crisis, official figures show. Wealth estimates by the Bureau of Statistics revealed the average net worth of households fell from...

 

Echo feels lower spending on gambling

Echo Entertainment has reported a net profit of $83.5 million for the year to June - up 97.9 per cent from a year earlier. The casino group warned, however, that this figure was not strictly comparable to a year earlier, giving an underlying profit of...

 
Facebook plans for world domination

Facebook plans for world domination

Food, water and the internet? Facebook CEO Mark Zuckerberg wants to get all of the world's 7 billion people online through a partnership with some of the largest mobile technology companies. He says the web is an essential part of life, and everyone...

 
Seven West posts $70m loss

Seven West posts $70m loss

SEVEN West Media made a loss of $70 million last financial year due to writedowns of its publishing assets. The media company's 2012/13 result is down from a $227 million profit the previous year. It was affected by a more than $300 million of...

 

Market set to open lower

THE Australian market looks set to open lower following falls on Wall Street after minutes from the Federal Reserve's last meeting gave no more clarity on the central bank's plans for its stimulus program. At 6.45am AEST today, the September share...

 

Echo feels lower spending on gambling

Echo Entertainment has reported a net profit of $83.5 million for the year to June - up 97.9 per cent from a year earlier. The casino group warned, however, that this figure was not strictly comparable to a year earlier, giving an underlying profit of...

TheAge, 09:19 in Business
 

IAG doubles dividend as profit triples

The insurer, which owns the NRMA, RACV and CGU brands, also raised its final dividend to 25 cents a share. This takes the full-year payment to shareholders to 36 cents a share, more than double last year’s distribution. Net income rose 275 per cent to...

 

Goldman option error puts spot on perils

A programming error caused the firm to send unintentional stock options orders in the first minutes of trading, pushing prices on dozens of contracts to a dollar each, according to a person briefed on the matter yesterday and data compiled by...

 

Markets Live: Wave of earnings begins

Good morning and we hope you had a good weekend. Welcome to the Markets Live blog for Thursday. Contributors: Max Mason, Jens Meyer This blog is not intended as investment advice BusinessDay with agencies It's another huge day for earnings reports...

 

Echo feels lower spending on gambling

Echo Entertainment has reported a net profit of $83.5 million for the year to June - up 97.9 per cent from a year earlier. The casino group warned, however, that this figure was not strictly comparable to a year earlier, giving an underlying profit of...

 
IAG doubles dividend as profit triples

IAG doubles dividend as profit triples

Insurance Australia Group’s earnings have more than tripled, as its bottom line was boosted by relatively few natural disasters. The insurer, which owns the NRMA, RACV and CGU brands, also raised its final dividend to 25 cents a share. This takes the...

 
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