Tag: Economic Trends
Razor gang puts NSW Govt staff in firing line
A marathon meeting has wound up in Sydney, with the New South Wales Government's razor gang ordering cabinet ministers and departmental chiefs to slash spending.[MORE]
Rudd guarantees all bank deposits
Kevin Rudd announced that the Government will guarantee all deposits in all Australian banks and other financial institutions.[MORE]
Bank lending will end credit crisis, says IMF chief
The head of the IMF says he hopes the actions taken by governments will be powerful enough to persuade banks to start lending again.[MORE]
Britain to launch $90b bank rescue: report
Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a 35 billion sterling ($91 billion) lifeline, the Sunday Times reported.[MORE]
Swan flags help for retirees' super funds
Wayne Swan has offered hope to self-funded retirees whose superannuation funds have been hit hard by the economic crisis.[MORE]
Australia will take growth, jobs hit: Swan
Federal Treasurer Wayne Swan says he expects the global financial crisis to impact on the economy and jobs in Australia. [MORE]
G7 agrees crisis requires global action, Bush says
US President George W Bush has said the financial crisis will require a global coordinated response and the top industrial nations will work together to solve it as quickly as possible.[MORE]
Bush meets G7 ministers in hope of tackling crisis
US President George W Bush is holding talks with the G7 ministers in hope of tackling the financial crisis.[MORE]
House, unit sales plummet in Qld
There has been a 40 per cent slump in house and units sales in Queensland. [MORE]
G7 pledges united crisis response but rifts emerge
G7 finance leaders have stopped short of backing a British plan to guarantee lending between banks. [MORE]
Wall St giants buried in global stock market panic
Wall Street giants have buckled under the weight of a global stock market panic.[MORE]
Bush vows to resolve financial crisis
US President George W Bush has said the American Government would move aggressively to address the financial markets crisis[MORE]
Wall St slides on global rout, bank woes
Wall Street shares have plunged to a five-year low at the opening of trade as the global stock meltdown continues.[MORE]
Global credit crunch hits abattoirs
Gippsland abattoirs in south-east Victoria are concerned the global financial crisis is starting to affect the price of cattle, meat and by-products.[MORE]
Volatile times for WA farmers
The Western Australian Farmers Federation says Australia's economic situation is so volatile it is difficult to say whether falling interest rates and the weak Australian dollar have made farmers better off.[MORE]
G20 'vital' to easing global market turmoil
Analysts say a global response from this weekend's Group of 20 (G20) meeting is crucial to addressing the financial crisis.[MORE]
Expert expects property boom in 2 years
A Gold Coast property analyst says homeowners who struggle through the economic downturn will witness a property boom within two years.[MORE]
Asian markets lose 11pc in early trade
The share market rout has hit hard in Asia, where the region's biggest exchange in Tokyo has fallen by 11 per cent.[MORE]
IMF activates emergency aid plan
The International Monetary Fund (IMF) has reactivated an emergency aid process for countries seeking help during the global financial crisis.[MORE]
Resources Council expects coal export downturn
The Qld Resources Council says the global economic crisis is expected to lead to a downturn in coal exports to China.[MORE]
Mayor stands firm on Brisbane's Future Fund approach
Brisbane Lord Mayor Campbell Newman says he will not back down on plans involving his so-called Future Fund, even though there is a global financial crisis.[MORE]
Market plunges almost 8pc
Shares on the Australian share market have slumped almost 8 per cent.[MORE]
Zimbabwe cabinet squabble holds up aid
Zimbabwe's opposition party, the Movement for Democratic Change (MDC), says a deadlock over power sharing arrangements with President Robert Mugabe is plunging the country into deeper economic hardship.[MORE]
US stocks dive to new five-year low
United States stocks have fallen for the seventh straight day, sending the Dow Jones industrial average to a new five-year low.[MORE]
Swan seeks global solution to financial crisis
Wayne Swan is pushing for a concerted global response to the financial crisis.[MORE]
