Australia & New Zealand Banking Group Ltd.(OTC: ANZBY) is expanding in Asia with the purchase of Asian assets from the Royal Bank of Scotland (RBS) yesterday. According to Bloomberg “ANZ Bank, Australia’s fourth-biggest lender, will pay $550 million for the RBS businesses in Singapore, Taiwan, Indonesia, Hong Kong, the Philippines and Vietnam, the Melbourne-based bank …
The top five commodity exports of Australia are: Iron Ore, Coal, Gold, Crude Oil and LNG. As a resource-rich country commodities form the major portion of Australian exports. China, India, Japan are some of the major export Asian markets for Australia. Japan is the major export market for Oil and Gas, Coal, Aluminum and Copper. …
According to the Australian Bankers Association, “Australia has not had a thorough bank failure in the modern era*, and so has not experienced the fallout from a collapse first-hand.” However other countries have had their share of bank of bank failures. Some examples are: 1970 USA US Penn Central Bank – collapse of market liquidity …
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After the crash of the banking sector, the three Australian bank ADRs offer yields that are well above 10%. Just like any other bank that is cutting dividends or outright suspending them non one can be sure that these yields are sustainable. However each bank is different and Australia is normal times is a stable …
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Sydney Opera House The Australian Stock Market Index,”ALL ORDINARIES INDEX” has crashed in the past few weeks in-line with other markets of the world. Year-to-date “Bank of New York Mellon Australia ADR Index”, which tracks the Australian ADRs listed in the US, is down 54.94%. 1-Year Chart of Australian All Ordinaries Index On the currency …
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