The Australia share market plunged just over 2 per cent yesterday to close at its lowest level in two years, after the US reignited world economic jitters by proposing to bail out US mortgage giants Freddie Mac and Fannie Mae.
The Australian share market is expected to open lower today after Wall St fell over one per cent on Friday. On the Sydney Futures exchange, the September share price index futures contract lost 74 points, or 1.49 per cent, to 4,880.
The Australian share market rose 0.9 per cent on Friday as resource stocks, led by gold and oil companies, surged on higher commodity prices and the banks pared early losses.
The Board of Image Resources (ASX: IMA) notes that ANZ no longer holds any securities in IMA on account of the Opes Prime matter. All shares held by ANZ in such a capacity were disposed of in an orderly manner with substantial assistance from IMA's board (refer to IMA ASX announcements on 2 April, 7 April and 8 April 2008).
Starpharma Holdings Ltd (ASX:SPL)(OTCQX:SPHRY) has been advised that all of the Company's shares held by ANZ pursuant to stock lending arrangements associated with the Opes Prime Group have now been sold in an orderly fashion.
As Northern Rock's customers are standing queuing in the streets, one of the world's leading standards and independent auditing bodies has launched a campaign in the United Kingdom designed to monitor and report on the sustainability of British business.
Australia And New Zealand Banking Group Limited (ASX: ANZ) - Early Warning Indicator, June 2007 - Dr Alex Joiner, Economist; Boardroomradio is pleased to announce that Australia And New Zealand Banking Group Limited (ASX: ANZ) has published an audio file.
Australia And New Zealand Banking Group Limited (ASX: ANZ) - (ASX: ANZ) Rural and Regional Report: Agriculture Update - Mr Mark Rodrigues, Senior Economist, (ASX: ANZ); Boardroomradio is pleased to announce that Australia And New Zealand Banking Group Limited (ASX: ANZ) has published an audio file.
