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The dawn of a new era for interest rates
That's a question that was posed by the US Federal reserve's vice chairman Stanley Fischer in a speech in California overnight.
US debt ceiling crisis - business news and markets: as it happened - October ...
All became clear when the Daily Telegraph reported that Mr Morgan had been ousted from the board of the company his grandfather founded more than 100 years ago.
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Brent crude falls 1% after Chinese GDP
"While all parties involved in such discussions want higher prices, none have been willing to cut production," said Adam Longson, analyst at Morgan Stanley. ... ICE gas oil changed hands at $US455.25 a metric ton, down $US1 from the previous settlement.
Hassan: US should 'halt acceptance' of Syrian refugees
Gov. Maggie Hassan said the federal government should “halt acceptance” of Syrian refugees until U.S. authorities can assure the vetting process keeps Americans safe.
Banks lose appetite on property
ANZ's head of Australia, Mark Whelan, says the lender long ago dialled down its appetite to finance property developers in areas with strong supply to avoid the inevitable pain down the track when the market has cooled.
Mirvac spruiked as takeover target
Mirvac Group's capital markets executive Jonathan Hannam is leaving the listed property trust following sweeping job cuts across the business that extended into the upper reaches of management.
The Two-Track Economy: Inequality Emerging From Today's Recession
Simon Johnson, a professor of entrepreneurship at M.I.T.'s Sloan School of Management, is the former chief economist at the International Monetary Fund.
AMP freezes investor loan approvals
Morgan Stanley analyst Daniel Toohey said the moves would benefit AMP's margin, but due to the small size of its loan book, any impact would be minimal.
SAC Capital Retrenches as Insider Trading Inquiry Drains Firm
SAC's lawyers are in the throes of negotiating a settlement with the government. A deal is expected ... SAC's aggressive trading style, combined with its immense buying power, made the fund, year after year, one of the top commission-payers on Wall ...
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ANZ shares plummet after halt
ANZ said settlement is scheduled to take place on August 12 with issue of the placement shares to occur on August 13. The placement shares will begin trading on the ASX on August 13 and will rank equally with existing ANZ ordinary shares.