Australias ANZ Posts Record FY Profit, Investors Fret over Mortgage Pressure

Declares final dividend of 94 Australian cents per share Miss compared to consensus estimates on core earnings External environment will likely remain challenging CEO Nov 13 Reuters Australia39;s fourthbiggest lender, ANZ, said on Monday surging demand for its institutional banking services propelled its annual profit to a record but an aggressive campaign to sell more […]
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Fitch Plans to Withdraw Ratings of Country Garden Services

Nov 13 Reuters Global ratings agency Fitch said on Monday it plans to withdraw all the ratings on China39;s Country Garden Services Holding on or about Dec. 12 for commercial reasons. Fitch believes that Country Garden Services investors benefit from increased rating coverage by Fitch and is providing approximately 30 days39; notice to the market of […]
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Oil Falls on Weak Demand Outlook in US, China; Fed Hedging

BEIJING, Nov 13 Oil prices fell on Monday, erasing gains from Friday as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the U.S. Federal Reserve, dented market sentiment. Brent crude futures for January were down 61 cents, or 0.75, at 80.82 a barrel at 0800 GMT, while […]
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Palladiums Slide Accelerates on Prospects for Surplus next Year

Nov 10 Reuters Palladium prices have tumbled to fiveyear lows below 1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts. Prices of the metal, used by automakers in engine exhausts to reduce emissions, have slumped […]
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