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Babcock & Brown's banking syndicate extended its lifeline because it is likely to sell its assets at higher prices than an administrator would, an analyst says.
A rate cut signals a small shift in strategy, but the ECB is lagging behind other central banks in tackling the economic downturn
Bank mortgage rates fell yesterday just minutes after Reserve Bank governor Alan Bollard slashed the official cash rate 1.5% to 5%. Kiwibank reduced its one-year fixed rate to 6.49% and its floating rate to 7.45%. SBS Bank dropped its floating rate 1.95% to 7.2%, a four-year low.
SOUTHFIELD – John Nametz, who will lose his job Jan. 1, and hundreds of other laid-off workers are being thrown a lifeline by Lawrence Technological University.
NEW YORK----Reportlinker.com announces that a new market research report related to the Cardiovascular diseases industry is available in its catalogue.
Banks moved within hours to slash home loan rates in the wake of the Reserve Bank cutting its official cash rate by a record 1.5 percentage points to 5 per cent.
JOHANNESBURG, Dec 4 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
Dec 4 (Reuters) - The following were the top stories in The Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * A group of major discounters, including eBay Inc and Costco Wholesale Corp, is expected Thursday to call for new laws blocking manufacturers from setting minimum prices on everything from flat-screen TVs to power drills. That ...
Dec. 4 (Bloomberg) -- Most Asian stocks rose as New Zealand cut interest rates, Nippon Oil Corp. and Nippon Mining Holdings Inc. said they may merge, and Babcock & Brown Ltd.
Banks moved within hours to slash home loan rates in the wake of the Reserve Bank cutting its official cash rate by a record 1.5%age points to 5%. State-owned Kiwibank said it was offering a one-year fixed rate of 6.49% and a variable rate of 7.45%.
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