DIVERSIFIED property giant Stockland says it has raised $300 million from a placement to institutional investors and has maintained its guidance for a 7 per cent dip in operating earnings for fiscal 2009
LONDON`S Olympic chiefs are having to rework their budgets as the global credit crunch squeezes private funding for the 2012 Games, making it a struggle for Australian developer building the Games Village
THE dollar has opened weaker for the eleventh successive session, losing two US cents overnight as fears about a global slowdown hit commodities-driven currencies
EUROPEAN stocks drifted lower overnight as mounting concerns about the health of the financial sector hit banks, with shares in Royal Bank of Scotland and HBOS plunging about 40 per cent
PRIME Minister Kevin Rudd expects Australia`s major banks to pass on yesterday`s full Reserve Bank cash rate cut to homeowners when financial markets stabilise
COMMONWEALTH Bank of Australia is to acquire the Bank of Western Australia (BankWest) and St Andrew`s Australia from their UK based parent HBOS for $2.1 billion
US Lawmakers criticized American International Group Inc (AIG) overnight for lavish spending and ignoring financial warnings as former top executives blamed the insurer`s woes on accounting rules and short sellers
