News
QBE Shares Fall on Sandy Claim Fears
online.wsj.com
[Wall Street Journal] - By CAROLINE HENSHAW. SYDNEY—Shares of QBE plunged as much as 14% on Monday after the Australian insurer said U.S. superstorm Sandy would hurt its profit and force it to raise $500 million to shore up its balance sheet. In a statement
QBE shares dive as Sandy sweeps away profit hopes
www.marketwatch.com
[MarketWatch] - By Caroline Henshaw. -- QBE says Hurricane Sandy costs may cut profit to 40% below consensus. -- Australian insurer plans $500 million debt issue to bolster U.S. balance sheet. -- Shares plunge up to 14% on the news. (Adds analyst comments in 3rd
Commonwealth Bank posts $1.9 bln quarterly profit
www.marketwatch.com
[MarketWatch] - By Caroline Henshaw. SYDNEY--Commonwealth Bank of Australia on Wednesday said cash earnings in the quarter through September rose 5.7% from a year earlier, as better trading income helped offset weak credit demand. Australia's largest lender by
Westpac cautious even as profit beats forecasts
www.marketwatch.com
[MarketWatch] - By Caroline Henshaw. --Westpac net profit falls 15% after A$1.1 billion tax boost in fiscal Cash earnings rise 5% to A$6.6 billion, ahead of consensus. --Chief Executive Gail Kelly warns of "challenging" times ahead for Australia. (Adds chief
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