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Price surge...but Babcock's shares peaked at $35 in June.

Price surge...but Babcock's shares peaked at $35 in June.

Babcock shares double after $150m lifeline Photo

Posted December 4, 2008 15:13:00
Updated December 4, 2008 15:20:00

Shares in troubled investment bank Babcock and Brown have more than doubled in early trade after its bankers lent it more money to prevent the company from collapsing.

Tags: entertainment-events, business-economics-and-finance, banking, finance-markets, international-financial-crisis, australia

Market falls back after early gains

Early gains on the Australian sharemarket have eased, with strength among the banks outweighed by declines in other sectors.

Tags: business-economics-and-finance, finance-markets, stockmarket, currency-markets, australia

No final decision on 'infrastructure bank': Swan Video Photo

Federal Treasurer Wayne Swan has not ruled out the possibility the Government will set up a "infrastructure bank" but has indicated it may not be its preferred option to help states fund infrastructure projects.

Tags: industry, banking, federal-government, australia

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A look back at the day's movement on the markets. Updated nightly.

Last updated: Wednesday, December 3, 2008 7:40pm AEST