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Haier may sell FPA Finance if Fisher & Paykel bid succeeds

Chinese manufacturer Haier says if it succeeds in its takeover offer for Fisher & Paykel it may sell the NZ company's finance business.

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Banks back in favour with Australia’s gloomy consumers

Bank accounts are enjoying a renewed popularity as consumers remain worried about Australia's economic outlook.

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US earns US$15bln on the AIG bailout, says Treasury

The US Treasury says it has made $US15 billion profit on its bailout of Insurer AIG, after selling off 636.9 million shares to investors.

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US stocks close higher as markets hope for stimulus

Wall Street closes higher as markets await a German court ruling on the eurozone bailout and the Fed Reserve's decision on new stimulatory measures.

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Aussie stocks close lower ahead of a key eurozone decision

The Australian stocks market slipped as weakness in the utilities and financial sectors dragged the broader market lower.

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Personal finance rises by 0.1% in July

Total personal finance rose by 0.1 per cent in July, while loans to businesses dropped five per cent.

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