Tag: International Financial Crisis
Stocks slip ahead of interest rate decision
Australian stocks lose around 2pc ahead of interest rate decision.[MORE]
Australia will still avoid recession: Tanner
Finance Minister Lindsay Tanner says the Government does not believe Australia will slip into recession, despite worsening global economic conditions.[MORE]
Global economic woes impacting property settlements
Family law experts along the New South Wales mid-north coast say the global economic meltdown is changing the way people dispute property settlements.[MORE]
US officially in recession, Dow Jones dives 7pc
Wall Street's Dow Jones index dived more than 7 per cent overnight after the US was officially declared to be in recession.[MORE]
SA records wage drop
Business SA says a drop in wages shows employers are responding to the global financial crisis.[MORE]
RBA set to cut rates
The Reserve Bank of Australia is tipped to slash interest rates by 75 basis points today.[MORE]
West Coast miners lose jobs
Oz Minerals has confirmed about 35 contract miners will lose their jobs at the company's Rosebery mine.[MORE]
Company profits up despite economic woes
Company profits increased from June to September despite the economic slowdown.[MORE]
Health funding falls short: Bartlett
Tasmania's Premier has welcomed the Federal Government's funding package for schools but says the state has missed out when it comes to health.[MORE]
Market dives in early trade
Australian shares have fallen by more than 2 per cent in the first hour of trade, with big miners BHP Billiton and Rio Tinto have both lost ground.[MORE]
Market expected to open up
The Australian share market is expected to open higher today after Wall Street posted its best weekly rise in about 30 years last week. [MORE]
Pressure begins over spending federal windfall
The State Opposition has accused the government of leaving the public in the dark over how it plans to spend its share of the Federal Government's $15 billion dollar funding package for the states and territories.[MORE]
Business lobby gets funding wish list ready
Tasmania's business leaders are compiling an infrastructure wish list with the State Government. [MORE]
Chinese economy 'losing its edge'
Chinese President Hu Jintao says China is losing its competitive edge amid the global financial crisis, the latest in a series of warnings about threats to the country's rapid economic growth. [MORE]
Recession will dampen oil prices: OPEC
The oil producers' group OPEC has predicted that the price of oil will not rise again until the middle of next year. [MORE]
COAG a 'missed opportunity', say Libs
The Federal Opposition has labelled the weekend's COAG meeting as a huge missed opportunity to take action on the global financial crisis. [MORE]
Household borrowing slump heightens rate cut speculation
Economists say expectations for an interest rate cut of about 1 percentage point next week have been reinforced by figures on household borrowing.[MORE]
Centro shareholders hoping for bank reprieve
Shareholders at the annual general meeting of the beleaguered property firm Centro are hopeful the company's banks will grant it another reprieve.[MORE]
Number of frozen funds hits 50
The Australian Securities and Investments Commission (ASIC) says the number of managed funds that have frozen redemptions has reached about 50.[MORE]
Dodgy market dealings double
Investigations into suspicious share market activity have roughly doubled this year compared to last year.[MORE]
Centro Properties fears collapse
Shopping centre owner Centro Properties Group has warned it may fall victim to the subprime crisis.[MORE]
Resources help boost local market
Australian shares have gained 2.5 per cent in early trade, boosted by resources stocks. [MORE]
Opposition continues sniping over budget deficit
The Federal Opposition is demanding the Prime Minister explain how he can call himself an economic conservative when he has now revealed the budget might go into deficit.[MORE]
House sales jump in October
Cuts in interest rates and increases in grants for first home buyers have boosted new home sales in October, according to a private sector survey. [MORE]
No-one immune from financial crisis: minerals council
The Victorian division of the Minerals Council of Australia (MCA) says no-one is immune from the global financial crisis.[MORE]
