Natural disasters are going to have a big say in the fortunes of insurance companies, 26 more US banks have gone down the tube, China’s exchange rate is steady as she goes, some encouragement in the latest US job figures and more business briefs.
Suncorp metway
Business As Usual: All hail and, well, big insurance claims … more US banks go …
Business As Usual: Frosty outlook in US, Germany … worst global trade for 64 years …
Snow business takes on a new meaning, world trade is at its the worst since 1945. Plus, China to rationalise it car market, but plans do not include the gas-guzzling Hummer in today’s business snippets.
Business As Usual: Heroic work at Fairfax … Insurance slug on the way … Party poopers in the UK
Heroic cost-cutting at Fairfax Media; insurance costs ready to rise; the job market conundrum for the ageing; Chinese bankers take a new tack; and it’s still the status quo in the UK … that’s grey skies in case you were wondering.
Do not pass go, go directly to Suncorp
Is there a one-way pathway from the Commonwealth Bank and Suncorp Metway? The question needs to be asked.
RBA boss doesn’t like bank deposit guarantee
Reserve Bank governor Glenn Stevens has made it clear that he doesn’t like the idea of a government bank deposit guarantee and doesn’t want to see it return after it is withdrawn.
Suncorp’s false dawn
The 2009 Suncorp result show the company is in real trouble. So, why is Suncorp Metway paying out dividends when it didn’t earn enough profit to cover the near $1 billion payment?
Turmoil at LJ Hooker as MD, GM quit
There’s more instability today at a subsidiary of the troubled Suncorp Metway bank, the Brisbane-based insurance and real estate company, writes Glenn Dyer.
Did Suncorp Metway earn a profit in 07-08?
Some banks have taken a hit from the credit crunch. Others, like Suncorp, have only themselves to blame, writes Glenn Dyer.
While you were sleeping: oil and wheat prices up, interest rates too
While you were sleeping, world oil prices reached a new all time intra-day high of $US80.05 a barrel. And the prospects of higher bread prices continues as world wheat prices also reached a new all time high.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
