ANZ`s chief of Australian operations Brian Hartzer says the bank intends on pass on as much of an expected official rate cut as it can, given the current level of wholesale funding costs
THE Bank of Japan today injected ?1.6 trillion ($15 billion) into the financial system as it tries to keep cash flowing during the ongoing global financial crisis
SWITZERLAND`S biggest bank UBS, one of the worst-hit by the subprime crisis, said today it expects a small profit for the third quarter after sharply cutting its US mortgage-related positions
DEFENCE technology company Metal Storm Ltd says it has reached another milestone in its weapons testing program, after a successful test of its rapid automatic firing of high explosive warheads
THE Federal Government will take over responsibility of all remaining areas of consumer credit by June 2009, the Council of Australian Governments (COAG) agreed today
RIO Tinto boss Tom Albanese says the global financial turmoil has not altered its rejection of BHP Billiton`s hostile takeover, adding that the group`s key markets remain robust
THE share market closed down 0.7 per cent today as many investors sat on the sidelines, waiting to see if a $US700 billion ($887 billion) bailout plan for the troubled US financial sector would make it all the way through the United States Congress
THE Australian dollar closed at a 14-month low today as pessimistic traders failed to get excited about the US Senate vote in favour of a Wall Street rescue
