Tag: Business, Economics and Finance
CBA confirms BankWest takeover talks
The Commonwealth Bank (CBA) has confirmed it is in exclusive talks with British mortgage lender HBOS about a potential takeover of BankWest.[MORE]
Labor backbenchers push for full rate cut from banks
A Federal Government backbencher says he would like to see the banks pass on the full amount of any cut to official interest rates today.[MORE]
Council announces plan for new Brisbane bus factory
Brisbane Lord Mayor Campbell Newman says the Toowong bus depot will continue to operate even after a factory on the site has closed.[MORE]
Aussie markets reeling after global bloodbath
The Australian Securities Exchange has fallen sharply in early trade, after global stockmarkets plummeted overnight.[MORE]
Tough times ahead for resources sector
A WA economist says it will be tough times ahead for the resources sector after the latest figures show the cumulative value of WA's mining stocks has fallen by more than a quarter.[MORE]
Recession fears grow as global markets plunge
Share markets have plunged around the world as the global credit crisis spreads and fears of a worldwide recession grow. [MORE]
Investors brace for turbulent trading
It is expected to be a turbulent day of trade on the Australian share market.[MORE]
Australians warned to expect expensive Christmas
Australians are being warned to prepare for an expensive festive season.[MORE]
Wall St slumps on bailout anxiety
Wall Street is reeling with the Dow Jones industrial average sinking below 10,000 for the first time in four years.[MORE]
Oil falls to 8-month low
Oil fell below $US90 a barrel on Monday to its lowest level in eight months, pressured by expectations that the global credit crisis will bring a sharp fall in oil demand.[MORE]
Eyes on banks as rate cut predicted
Federal politicians will be keenly watching banks to see how much of today's predicted rate cut they pass on to customers.[MORE]
Gates confident of financial crisis turnaround
Bill Gates says while the US financial bailout package is a bitter pill to swallow, it will not mark the end of capitalism.[MORE]
Jetstar passenger delays continue after computer glitch
Jetstar says less than 100 passengers remain affected by yesterday's check-in system failure, which caused delays at airports across the country.[MORE]
Golden Circle growers to be considered in takeover bid
Initial details of a proposed takeover of Golden Circle by US-based food company Heinz indicates growers will be taken into account.[MORE]
Skilled worker shortage a big challenge: Power and Water
The Power and Water Corporation says attracting skilled workers to Darwin is one of the company's biggest challenges.[MORE]
Europe shares slide as bank crisis fear grow
European shares have plunged 4 per cent in early trade, with concerns about the health of the financial sector intensifying as more banks face troubles.[MORE]
Suncorp takeover offers not surprising: Bligh
Premier Anna Bligh says she is not surprised that Suncorp Metway has received several offers for its banking and investment businesses.[MORE]
Full rate cut will fortify banking sector: Bishop
The Opposition's treasury spokeswoman says passing on a full rate cut would strengthen the banking sector by keeping money flowing.[MORE]
Tama the purr-fect antidote to financial gloom: study
As the economic might of Japan faces up to the global banking crisis, a single cat has boosted the finances of a small Japanese city by millions of dollars, according to a study.[MORE]
NT 'underspending' on power network
The Power and Water Corporation says it is possible the NT Government has been underspending on the power network. [MORE]
Australian dollar drops below 75 US cents
The Australian dollar has fallen below 75 US cents for the first time since October 2006.[MORE]
Australian share market falls 3.3 per cent
The share market today fell to its lowest level since December 2005, while the dollar dropped below 75 US cents.[MORE]
Uranium mining won't affect Alice water: Henderson
Paul Henderson has guaranteed there will be no impact on the Alice Springs water supply as a result of a uranium mine proposal.[MORE]
Greens transport plan for new train, tram lines
The Greens say freeways are an inefficient way to move people and are proposing 33 new train and tram lines.[MORE]
Suncorp receives takeover offers
Queensland-based bank and insurer Suncorp-Metway says it has received several offers from parties interested in buying its banking and investment businesses.[MORE]
