2009-01-31 Business and Finance News (vsx.com.au)

Australia heading for recession- IMF
Australia is heading for a recession this year- with the International Monetary Fund IMF now predicting the economy will contract. ...
Sat 31st January 2009 - 07:22pm

Australia heading for recession- IMF
The Australian economy will contract by 0.2 per cent this year- according to the International Monetary Fund. ...
Sat 31st January 2009 - 05:46pm

Economy forecast to shrink by 0.2pc
The International Monetary Fund is forecasting the Australian economy will shrink in 2009. ...
Sat 31st January 2009 - 05:31pm

Economy forecast to shrink by 0.2pc
The International Monetary Fund is forecasting the Australian economy will shrink in 2009. ...
Sat 31st January 2009 - 05:28pm

Economy forecast to shrink by 0.2pc
The International Monetary Fund IMF is forecasting the Australian economy will shrink in 2009. ...
Sat 31st January 2009 - 04:51pm

Economy forecast to shrink by 0.2pc
The International Monetary Fund IMF is forecasting the Australian economy will shrink in 2009. ...
Sat 31st January 2009 - 04:50pm

Rudds economic essay channels Whitlam era
Opposition Leader Malcolm Turnbull has accused Prime Minister Kevin Rudd of channelling the Whitlam era by writing an essay that calls for greater government intervention and regulation of the financial market. ...
Sat 31st January 2009 - 04:40pm

SA Premier calls for NEMMCO heatwave inquiry
South Australian Premier Mike Rann says there will be an inquiry into how the national power regulator- the National Electricity Market Management Company NEMMCO- has handled the heatwave. ...
Sat 31st January 2009 - 01:48pm

Qld to re-tender contract after MacAir collapse
Queensland Transport Minister John Mickel says he wants to bring forward the tender process for an airline to provide subsidised regional services after the grounding of MacAir. ...
Sat 31st January 2009 - 01:10pm

Henderson lobbies Rudd for extra infrastructure funding
NT Chief Minister Paul Henderson has told Prime Minister Kevin Rudd that a slice of the next economic stimulus package should be dedicated to major infrastructure projects in the Territory. ...
Sat 31st January 2009 - 12:50pm

Greens want bus funding in ACT Budget
Canberras new bus timetable comes into effect on Monday but the Greens say they will continue pushing for more frequent services. ...
Sat 31st January 2009 - 12:31pm

Heatwave- bushfires to continue in sweltering Victoria
Residents in Melbourne and regional Victoria are experiencing further disruptions to power supplies- as the state faces another week of extreme heat. ...
Sat 31st January 2009 - 11:16am

NSW Govt predicts budget deficit blow-out
The New South Wales Government says there will be a massive blow-out in its budget deficit by the end of the financial year. ...
Sat 31st January 2009 - 09:50am

Downturn talks please West Coast mayor
The West Coast Mayor- Daryl Gerrity- says he is buoyed by the apparent willingness of the state and federal governments to help the region ride out the mining downturn. ...
Sat 31st January 2009 - 09:34am

Economic downturn helps boost NT tourism jobs
Tourism Central Australia says the global economic downturn is having a positive impact on jobs in the local tourism industry. ...
Sat 31st January 2009 - 09:19am

Genentech defers decision on Roche offer
WASHINGTON AFP - US biotech firm Genentech said Friday it would study the offer from Roche for the shares not already owned by the Swiss pharmaceutical group. ...
Sat 31st January 2009 - 09:10am

Medvedev in hurry for new gas pipelines- Bulgarian TV
SOFIA AFP - Russian President Dmitry Medvedev called for the speedy completion of two new gas pipelines that bypass Ukraine in an interview with Bulgarian national television Friday. ...
Sat 31st January 2009 - 08:44am

NEMMCO confident it can meet Adelaide power demand
Adelaide may have seen the last of the rolling blackouts experienced across 83 suburbs yesterday. ...
Sat 31st January 2009 - 08:39am

Vic heatwave still disrupting train services- Connex
Connex says the extreme heat in Melbourne during the last three days is still affecting train services this morning. ...
Sat 31st January 2009 - 08:38am

Oil prices hold firm after US GDP data
LONDON AFP - World oil prices edged higher Friday as traders seized on better-than-expected economic growth data in the United States- which is the worlds biggest consumer of energy. ...
Sat 31st January 2009 - 08:13am

US economy a disaster for American families
US President Barack Obama is urging Congress to quickly pass his economic stimulus package- after the American economy shrank again. ...
Sat 31st January 2009 - 07:41am

Crean says US steelmaker advantage unacceptable
Trade Minister Simon Crean has hit out at the US Congress for its plans to include a buy American provision in its fiscal stimulus package. ...
Sat 31st January 2009 - 07:32am

US bailout plan to address bonus pay
The White House says its upcoming financial plan will clamp down on the salaries and bonuses paid to Wall Street employees whose firms receive US taxpayer help. ...
Sat 31st January 2009 - 07:10am

Exxon Mobil shatters US profit record
Exxon Mobil Corp reported a profit of $US45.2 billion $A69.34 billion for 2008- breaking its own record for a US company. ...
Sat 31st January 2009 - 06:53am

US economy posts steepest fall in 26yrs
The US economy contracted at a 3.8 per cent pace in the fourth quarter of 2008- the worst performance since 1982- government data showed on Friday. ...
Sat 31st January 2009 - 06:53am

Vic fire crews welcome easing weather conditions
Victorias Country Fire Authority CFA says less powerful winds should make it easier to keep bushfires burning in Gippsland- in the states north-east- behind containment lines today. ...
Sat 31st January 2009 - 06:48am

Chevron posts earnings of $US4.9b
Chevron Corp says it earned $US4.9 billion $A7.52 billion in the fourth quarter though revenues plunged 26 per cent with oil prices in sharp decline. ...
Sat 31st January 2009 - 06:44am

Vic fire crews welcome easing weather conditions
Victorias Country Fire Authority CFA says less powerful winds should make it easier to keep bushfires burning in Gippsland behind containment lines today. ...
Sat 31st January 2009 - 06:37am

Caterpillar adds 2-000 job cuts to 20-000 announced
NEW YORK AFP - Caterpillar- the US construction equipment maker- said Friday it would slash an additional 2-000 jobs on top of the 20-000 cuts announced four days ago to deal with poor business conditions. ...
Sat 31st January 2009 - 06:25am

Free daily Metro becomes first press victim of Spanish slowdown
MADRID AFP - The Spanish edition of free newspaper Metro on Friday ceased publishing- becoming the first victim of a sharp economic slowdown in Spain that is just starting to impact the nations press due to plummeting advertising revenues. ...
Sat 31st January 2009 - 05:58am

HSBC bank chief says go-go years salaries must change
DAVOS- Switzerland AFP - The head of banking giant HSBC said Friday that salaries in the industry will have to change but banks must not be -amp quotdemonized -amp quot over the financial crisis. ...
Sat 31st January 2009 - 05:23am

Austrian Airlines in emergency cost-cutting programme
VIENNA AFP - Cash-strapped Austrian Airlines unveiled emergency measures Friday to cut costs by 225 million euros 289 million dollars this year to cope with a collapse in demand. ...
Sat 31st January 2009 - 05:21am

Battle lines harden on US stimulus
WASHINGTON AFP - President Barack Obamas union allies went to work Friday on a handful of persuadable Senate critics of his economic stimulus plan as defiant Republicans vowed to hold the line. ...
Sat 31st January 2009 - 04:57am

Exxon notches record profit of $45.22 bln
WASHINGTON AFP - US oil giant Exxon Mobil on Friday notched a record 45. ...
Sat 31st January 2009 - 04:46am

Power returns to blacked out Melbourne
Power is being restored to the 420-000 Victorian customers who had their supply cut last night. ...
Sat 31st January 2009 - 02:26am

# of days back:

Today
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365

Last 7 days news: