Troubled Swiss bank UBS picks new chairman
ZURICH- March 4- 2009 AFP - Troubled Swiss bank UBS made another major management reshuffle on Wednesday- saying its chairman Peter Kurer would step down and former Swiss finance minister Kaspar Villiger was nominated to succeed him. ...
Adidas posts strong 2008 profit- says 2009 will be tough
BERLIN- March 4- 2009 AFP - The German sports equipment and clothing maker Adidas posted on Wednesday a 2008 profit that exceeded its target- but the company warned that business would be tougher this year. ...
Oil prices gain on Chinese demand hopes
LONDON AFP - Oil prices climbed Wednesday on hopes of strengthening crude demand in China- which is the worlds second biggest energy consumer after the United States- analysts said. ...
Lees Pharmaceutical Enters into Agreement with Nippon Shinyaku- a Move To Accelerate Market Diversification in China
Hong Kong- Mar 3- 2009 - ACN Newswire - Hong Kong Lees Pharmaceutical Holdings Limited -amp quotLees Pharmaceutical -amp quot or the -amp quotGroup -amp quot- Stock Code- 8221- an integrated research-driven and market-oriented pharmaceutical group in China- announced today a signing of a license agreement with Nippon Shinyaku Co.- Ltd. ...
Euro hits three-month dollar low
LONDON AFP - The euro hit a three-month low against the dollar on Wednesday as investors fled risky currencies after a sharp contraction in the Australian economy- dealers said. ...
Global stock markets rally
World stock markets rallied on Wednesday- shrugging off shrinking Australian economic growth- as dealers snapped up bargain stocks and eyed stimulus signals. ...
Opel might shed 3-500 jobs
BERLIN AFP - The German automaker Opel- a unit of stricken US giant General Motors- might cut 3-500 jobs if the government does not lend a helping hand- a press report said on Wednesday. ...
Britains ITV posts loss- axes 600 jobs
LONDON AFP - British broadcaster ITV reported Wednesday a net loss of 2. ...
Credit Agricole 2008 net profit drops
PARIS AFP - French banking group Credit Agricole announced Wednesday a 2008 net profit of 1. ...
Australia latest victim of infectious recession
Some economists are already calling a recession after Australias first negative growth rate in eight years. ...
Australia latest victim of infectious recession
Some economists are already calling a recession after Australias first negative growth rate in eight years. ...
Honda- Nissan- Mazda may seek govt help
Japanese carmakers Honda- Nissan and Mazda say they might seek crisis loans from the government- underscoring the industry's deepening woes. ...
Australia latest victim of infectious recession
Some economists are already calling a recession after Australias first negative growth rate in eight years. ...
UBS chairman Kurer will not seek re-election
ZURICH AFP - Beleaguered Swiss bank UBS on Wednesday said chairman Peter Kurer will not seek re-election at Aprils annual general meeting- and that the board is nominating former Swiss finance minister Kaspar Villiger to succeed him. ...
Chinas February new loans hit 117 billion dlrs- report
SHANGHAI AFP - Chinas banks extended about 800 billion yuan 117 billion dollars in new loans in February as they heeded government calls to prop up the slowing economy- Chinese media reported Wednesday. ...
Japan clears cash handout bill
TOKYO AFP - Japans parliament on Wednesday enacted legislation required to go ahead with a controversial plan to hand 20 billion dollars back to the public to fight the recession. ...
New homebuyers pick the perfect time
With interest rates now on hold- there is uncertainty about what lies ahead for home owners. But the current low interest rates- coupled with the Federal Governments first homebuyer boost- has enticed many newcomers to the property market. ...
New homebuyers pick the perfect time
With interest rates now on hold- there is uncertainty about what lies ahead for home owners. But the current low interest rates- coupled with the Federal Governments first homebuyer boost- has enticed many newcomers to the property market. ...
France Telecom 2008 net profit shrinks on higher taxes
PARIS AFP - France Telecom announced Wednesday that 2008 net profit shrank 35.4 percent to 4. ...
Forrest blames downturn for failed deal
Mining magnate Andrew Forrest has blamed the economic downturn for failing to honour a deal with the government to build homes for mine workers. ...
Economy shrinks for 1st time in 8 years
The economy has shrunk for the first time in eight years and is sliding to recession as it faces a global threat that has belted other industrialised nations. ...
Adidas posts strong 2008 profit- says 2009 will be tough
BERLIN- March 4- 2009 AFP - The German sports equipment and clothing maker Adidas posted on Wednesday a 2008 profit that exceeded its target- but the company warned that business would be tougher this year. ...
Credit Agricole 2008 net profit shrinks 75 percent- bank
PARIS AFP - French banking group Credit Agricole announced Wednesday a 2008 net profit of 1. ...
ACT slips into recession
New figures show the ACTs economy has contracted over the past two quarters- meaning it has technically entered a recession. ...
Share market plunges to 5.5-year low
Australian stocks sunk to a five-and-a-half-year low in todays trade after more weakness on international markets overnight and new figures showing the first economic contraction in eight years. ...
Share market plunges to 5.5-year low
Australian stocks sunk to a five-and-a-half-year low in todays trade after more weakness on international markets overnight and new figures showing the first economic contraction in eight years. ...
Apricot chicken packs recalled
McCain Foods is recalling a batch of chicken meals because they could contain high levels of bacteria. ...
Share market plunges to 5.5-year low
Australian stocks sunk to a five-and-a-half-year low in todays trade after more weakness on international markets overnight. ...
McGrath seeks new rabbit-killer
Cricket legend Glenn McGrath has joined with a group of scientists calling for a new strain of calicivirus to be introduced to kill rabbits. ...
Aussie drops on shock GDP contraction rate cut eyed
SYDNEY- March 4 - The Australian dollar skidded a cent on Wednesday after the economy shrank last quarter for the first time in eight years- reviving bets the central bank will need to resume cutting interest rates. ...
Forestry Tas working with Indigenous communities
Traditional owners have signed a Memorandum of Understanding with a logging company to harvest 850 hectares of timber in Arnhem land. ...
Australia shares fall to 5 1-2-year closing low
MELBOURNE- March 4 - Australian stocks fell 1.6 percent on Wednesday to their lowest close since August 2003- after a surprise decline in fourth-quarter gross domestic product raised concerns on the outlook for company earnings. ...
Arnhem Land traditional owners give permission to log
Traditional owners have signed a Memorandum of Understanding with a logging company to harvest 850 hectares of timber in Arnhem land. ...
Forrest blames downturn for failed deal
Mining magnate Andrew Forrest has blamed the economic downturn for failing to honour a deal with the government to build homes for mine workers. ...
Sinosteel lifts stake in Murchison
Sinosteel has fuelled speculation it may seek to take over Murchison Metals after the Chinese steel-making giant lifted its stake in the iron ore miner. ...
Rio shareholders warm to Chinalco deal
Rio Tinto says shareholder opposition to the Chinalco deal is waning- with the miner leaving the door open to a future partnership with former suitor BHP. ...
HSBC seeks $28.5b after profits fall 70
Global banking titan HSBC revealed that it needs nearly $US18 billion $A28.53 billion of new capital to withstand the financial crisis. ...
Arrow mulls options in Pure takeover
Arrow Energy is continuing to assess its takeover of Pure Energy after its partner- Royal Dutch Shell- accepted a rival bid for the coal seam gas group. ...
Asciano at loss over share price rise
Ports and rail operator Asciano Group said on Wednesday that it had no new information which could explain a recent sharp rise in its share price. ...
ACT slips into recession
New figures show the ACTs economy has contracted over the past two quarters- meaning it has technically entered a recession. ...
ACT slips into recession
New figures show the ACTs economy has contracted over the past two quarters- meaning it has technically entered a recession. ...
Aussies well-placed for tough year- RBA
The Reserve Bank of Australia says 2009 is shaping as a difficult year for the global economy but Australia is well-placed to cope with the slowdown. ...
Asian Markets Overview of March 4
Sydney- Australia- Mar 4- 2009 - ABN Newswire - Asian shares broadly fell Tuesday following the declines on Wall Street. But Investors hopes over the stimulus measures from China and Japan have offset some bleak sentiment led by the US market. Japans Nikkei 225 Average ended with a modest fall of 0.7 while South Koreas Kospi Composite gained 0.7 and Taiwans Taiex added 0.2. Shanghai Composite fell 1. ...
Economy slumps 0.5 in December quarter
The Australian economy is odds-on to enter recession after contracting for the first time in eight years- economists say. ...
Toyota says it's not all doom and gloom
New car and truck sales slumped by almost 22 per cent in February- but Australia's top selling company insists things aren't as bad as they seem. ...
BankWest charges ATM disloyalty fee
BankWest is charging its customers a 50 cent disloyalty fee when they use another financial institution's ATM under the new-direct charge fee regime. ...
Cash splash didnt work- says Turnbull
Opposition Leader Malcolm Turnbull has seized on todays worse-than-expected economic growth figures to accuse the Government of economic incompetence. ...
Australia shares at 5 1-2-yr closing low
MELBOURNE- March 4 - Australian stocks fell 1.6 percent on Wednesday- down for a fourth straight session- after a surprise decline in fourth-quarter gross domestic product raised concerns on the outlook for company earnings. ...
Bank of England to cut interest rates again
LONDON AFP - The Bank of England is expected to slash its key interest rate on Thursday by half a percentage point to just 0.5 percent - the lowest level in the banks 315-year history- analysts said. ...
Cash splash didnt work- says Turnbull
Opposition Leader Malcolm Turnbull has seized on todays worse-than-expected economic growth figures to accuse the Government of economic incompetence. ...
UK may create new money this week
The Bank of England could start buying assets from banks with newly created money to boost lending in the economy- Treasury chief Alistair Darling said. ...
Vehicle sales slump 22 in February
New car and truck sales slumped by almost 22 per cent in February- according to industry figures. ...
Australia shares fall Ausmelt dips after sale
SYDNEY- March 4 - Australian stocks fell 1.5 percent on Wednesday- after disappointing economic growth in the fourth quarter raised concerns about the outlook for company profits. ...
Shrinking growth shows cash splash didnt work- Turnbull
Opposition Leader Malcolm Turnbull has seized on todays worse-than-expected economic growth figures to accuse the Government of economic incompetence. ...
NSW slump calls for urgent action
The New South Wales Opposition says the state needs a stimulus package in the wake of figures showing the local economy shrank by 0.3 of a per cent in the December quarter. ...
BankWest charges ATM disloyalty fee
BankWest is charging its customers a 50 cent disloyalty fee when they use another financial institution's ATM under the new-direct charge fee regime. ...
Lihir aims to raise $506m for PNG mine
Australia's Lihir Gold plans to raise $A506.55 million to accelerate an expansion of its mine in PNG and fund growth opportunities in West Africa. ...
Arnhem Land logging deal
Traditional owners have signed a Memorandum of Understanding with a logging company to harvest 850 hectares of timber in Arnhem land. ...
Market recovers footing after poor GDP figures
The Australian share market is rebounding after falling in the wake of worse than expected GDP figures. ...
Market recovers footing after poor GDP figures
The Australian share market is rebounding after falling in the wake of worse than expected GDP figures. ...
Retirees dont stand a chance- economist
A leading economist says people who are approaching retirement age should be very worried about their financial future- given poor returns on superannuation in the last year. ...
Retirees dont stand a chance- economist
A leading economist says people who are approaching retirement age should be very worried about their financial future- given poor returns on superannuation in the last year. ...
Centrecorp refuses to reveal worth
Executives from an Alice Springs Aboriginal investment company have refused to tell a Senate committee how much it is worth or how it invests its money. ...
Govt confirms ambulance levy plan
The Tasmanian Government has confirmed it plans to bring in an ambulance levy this year. ...
Borrowers upbeat with low rates- survey
The lowest interest rates in four decades has made Australians more confident about taking out a home loan even as the economy slows- a survey has found. ...
Aussies well-placed for tough year- RBA
The Reserve Bank of Australia says 2009 is shaping as a difficult year for the global economy but Australia is well-placed to cope with the slowdown. ...
Sinosteel increases stake in Murchison
Sinosteel has fuelled speculation it may seek to take over Murchison Metals after the Chinese steel-making giant lifted its stake in the iron ore miner. ...
NSW economy shrinks
The New South Wales economy shrank by 0.3 of a per cent in the December quarter- contributing to the first national slide in eight years. ...
Services sector 'contracts further'
Activity in the services industry has contracted further as the global financial crisis keeps consumers at home- a survey says. ...
Vehicle sales slump 22 in February
New car and truck sales slumped by almost 22 per cent in February- according to industry figures. ...
Vic Govt urged to buy local planes for fire fight
The trouble aeroplane manufacturer- Gippsland Aeronautics- is pushing the Victorian Government to buy its GA8 Airvans for the fire effort. ...
WTO looks to improve export finance
The World Trade Organisation and the World Bank are looking at the possibility of setting up -amp quotliquidity pools -amp quot to keep trade flowing. ...
Rio shareholders warm to Chinalco deal
Rio Tinto says shareholder opposition to Chinalco's investment is waning with the miner leaving the door open to an iron ore deal with former suitor BHP. ...
Recession looms as economy shrinks
Official figures show the Australian economy has gone backwards for the first time since December 2000- putting it on the brink of a technical recession. ...
Mining magnate Forrest faces accusations
Mining billionaire Andrew Forrest has been accused of breaching an agreement over housing lots at Port Hedland he bought to provide homes for his employees. ...
Swan defends stimulus as economy shrinks
The bigger than expected contraction in Australias economy last quarter would have been much worse if the Government had not moved to stimulate the economy- Federal Treasurer Wayne Swan says. ...
Swan defends stimulus as economy shrinks
The bigger than expected contraction in Australias economy last quarter would have been much worse if the Government had not moved to stimulate the economy- Federal Treasurer Wayne Swan says. ...
AIG exploited regulatory 'gap'- Bernanke
Federal Reserve chairman Ben Bernanke said insurance giant AIG brought itself to the brink of collapse by operating like a -amp quothedge fund -amp quot. ...
Obama not looking at 'day-to-day' market
US President Barack Obama said that paying too close attention to how Wall Street -amp quotbobs up and down -amp quot could lead to bad long-term policy. ...
Aussie falls to 1-mth low on GDP data bills gain
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0037 GMTagainst previous Sydney close AUD 0.6308-100.6398-6400AUDNZDR1.2780-161.2875-99 AUDJPYR 62.05-13 6 ...
Recession looms as economy shrinks
Official figures show the Australian economy has gone backwards for the first time since December 2000- putting it on the brink of a technical recession. ...
Australia shares extend fall on GDP Murchison up
SYDNEY- March 4 - Australian stocks fell 2 percent on Wednesday- after disappointing economic growth in the fourth quarter raised concerns about the outlook for company profits. ...
Car sales dive almost 22pc
Figures show new vehicle sales in February were down by nearly 22 per cent on the same time last year. ...
Date set for Esperance lead contamination trial
The trial of the Esperance Port Authority over the lead contamination of the south-east Western Australian town has been scheduled to begin in the Kalgoorlie Magistrates Court on June 22. ...
Recession looms as economy shrinks
Official figures show the Australian economy has gone backwards for the first time since December 2000- putting it on the brink of a technical recession. ...
Australia shares extend fall after GDP data
SYDNEY- March 4 - Australian stocks extended losses to 2.3 percent on Wednesday- after disappointing economic growth in the fourth quarter raised concerns about the outlook for company profits. ...
Bad news hits market- dollar
The Australian share market and the dollar have both lost ground in the immediate aftermath of the release of todays worse-than-expected national accounts figures. ...
Bad news hits market- dollar
The Australian share market and the dollar have both lost ground in the immediate aftermath of the release of todays worse-than-expected national accounts figures. ...
Economy slumps 0.5 in December quarter
The Australian economy went into retreat in the final three months of 2008- as the negative impact of the global downturn hit. ...
Homelessness surges in NSW
An extra 7-600 people were made homeless in New South Wales last year- when interest rates and rents were at their height- but the State Government is expecting the figures to get worse. ...
National accounts show grim news on economy
Official figures show the Australian economy has gone backwards for the first time since December 2000. ...
Arrow mulling options in Pure takeover
Arrow Energy says it continues to assess its takeover of Pure Energy Ltd after its partner Royal Dutch Shell accepted a rival bid for the coal seam gas group. ...
December quarter GDP fell 0.5- ABS
Australian real gross domestic product fell by a seasonally adjusted 0.5 per cent in the December quarter- the ABS said on Wednesday. ...
National accounts show grim news on economy
Australia is one step closer to recession- with national accounts figures out today showing the economy contracted by 0.5 percentage points in the December quarter. ...
Australia shares down for fourth day- banks fall
SYDNEY- March 4 - Australian stocks fell 1.2 percent on Wednesday- down for a fourth straight day- as a grim outlook for global financial stocks pushed down banks including Commonwealth Bank of Australia Ltd CBA. ...
Housing stress through the roof in NSW
Figures released by the New South Wales Government show a dramatic rise in the number of people struggling to keep a roof over their heads in the past 12 months. ...
Housing stress through the roof in NSW
Figures released by the New South Wales Government show a dramatic rise in the number of people struggling to keep a roof over their heads in the past 12 months. ...
Lihir aims to raise $506m for PNG mine
Lihir Gold plans to raise $A506.55 million to accelerate an expansion of its mine in Papua New Guinea and fund growth opportunities in West Africa. ...
Business as usual on Google exec bonuses
Bonus may be a dirty word on Wall Street right now- but end-of-year cash is still being handed out in Silicon Valley. ...
No info to explain share price- Asciano
Ports and rail operator Asciano Group said on Wednesday that it had no new information that could explain a sharp rise in its share price on Tuesday- March 3. ...
Ford's US sales plummet 48
Ford Motor Co reported a 48 per cent year-over-year drop in its US vehicle sales on Tuesday amid a deepening economic downturn. ...
BHP denies highway safety undermined
BHP Billiton Illawarra Coal has rejected a report that mining will jeopardise the safety of people using the Hume Highway or the main Southern Railway- south-west of Sydney. ...
Global recession will impact on us- Swan
The national accounts data due on Wednesday morning will show if Australia has been able to avoid the negative pull of a global recession. ...
US auto sales drop 41 pct to lowest level since 1981
CHICAGO AFP - US auto sales extended their downward spiral in February- falling 41 percent to the lowest rate since December 1981 amid a deepening economic crisis- industry data showed Tuesday. ...
Local market down in early trade
The Australian share market is more than 0.5 per cent lower in early trade- reflecting late falls on Wall Street after a choppy trading session. ...
Spend- retailers urge as sales crawl
Retailers are calling on consumers to come out of financial hibernation and spend- spend- spend to help save jobs. ...
Aussie dlr dips vs firmer US $ awaits GDP data
SYDNEY- March 4 - The Australian dollar retreated on Wednesday as investors sold into its recent strength in favour of the U.S. dollar after fresh losses on world stock markets underlined ongoing concerns over the global financial system. ...
Lihir raising $325m for PNG mine expansion
Lihir Gold will raise $325 million by selling new shares to institutions to fund an expansion at its mine in Papua New Guinea. ...
Australia shares down for fourth day- banks fall
SYDNEY- March 4 - Australian stocks fell 1.7 percent on Wednesday- down for a fourth straight day- as a grim outlook for global financial stocks pushed down domestic banks including Commonwealth Bank of Australia Ltd CBA. ...
Retailers not surprised by January dip
There is still confidence Tasmanias retail sector will survive the global economic crisis- despite a disappointing sales figure for January. ...
Retailers not surprised by January dip
There is still confidence Tasmanias retail sector will survive the global economic crisis- despite a disappointing sales figure for January. ...
New homebuyers pick the perfect time
With interest rates now on hold- there is uncertainty about what lies ahead for home owners. But the current low interest rates- coupled with the Federal Governments first homebuyer boost- has enticed many newcomers to the property market. ...
Services sector 'contracted in February'
Activity in the services industry has contracted further as the global financial crisis keeps consumers at home- a survey says. ...
New homebuyers pick the perfect time
With interest rates now on hold- there is uncertainty about what lies ahead for home owners. But the current low interest rates- coupled with the Federal Governments first homebuyer boost- has enticed many newcomers to the property market. ...
Spains jobless rate hits 13-year high
The jobless rate in Spain has reached its highest level in 13 years- with nearly 3.5 million people out of work. ...
Obama touts stocks as aides defend budget
WASHINGTON AFP - President Barack Obama invited investors Tuesday to consider buying battered stocks- calling them -amp quota potentially good deal -amp quot a day after a global sell-off sent them to their lowest level since 1997. ...
Lihir in trading halt- capital raising
Shares in Lihir Gold Ltd have been placed in a trading halt ahead of a capital raising by the Papua New Guinea-based miner. ...
Economy tipped to avoid recession- for now
Todays national accounts figures are expected to reveal Australia has defied the downward trend appearing in most advanced economies. ...
Economy tipped to avoid recession- for now
Todays national accounts figures are expected to reveal Australia has defied the downward trend appearing in most advanced economies. ...
IMF eyes extra 25 billion dollars for poorest countries
WASHINGTON AFP - The International Monetary Fund said Tuesday it will need to provide at least 25 billion dollars in emergency financing this year to the poorest countries amid the global financial crisis. ...
Mayor warns of Lake Eyre contamination risk
A mayor in western Queensland says water now reaching Lake Eyre in outback South Australia could be contaminated by mine waste. ...
CBD office rental prices to plummet- BIS Shrapnel
The rental price for office space in Perths central Business District CBD is expected to nearly halve in the coming years. ...
Ex-AIG chief claims company cheated him
The former chief executive of American International Group has sued the company he led for 38 years. ...
Australia shares seen lower GDP data in focus
Australian gross domestic product data for the December quarter is out at 11-30 a.m. 0030 GMT- with analysts forecasting Australias economy to have expanded 0.2 percent last quarter. ...
HSBC seeks $28.5b after profits fall 70
Global banking titan HSBC revealed that it needs nearly $US18 billion $A28.53 billion of new capital to withstand the financial crisis. ...
Bligh defends Govt amid Boeing job cuts
Queensland Premier Anna Bligh has defended her Governments investment in the aviation sector despite Boeings plans to cut jobs at its Brisbane headquarters. ...
UK may create new money this week
The Bank of England could start buying assets from banks with newly created money to boost lending in the economy- Treasury chief Alistair Darling said. ...
Row over skin supply for Ugg boots gets ugly
The Tasmanian Farmers and Graziers Association has offered to help resolve a dispute between a meat company and a skins exporter. ...
Wall Street sputters after rout
Wall Street limped to a lower finish as investors mulled the extent of the economic gloom a day after a global rout sent key US indexes to fresh 12-year lows. ...
WA well-placed to ride out economic slump
Western Australias business lobby says the states economy is well placed to ride out the global financial crisis despite the loss of thousands of jobs. ...
Financial crisis dominates Obama-Brown talks
The global financial crisis has dominated talks in Washington between US President Barack Obama and British Prime Minister Gordon Brown. ...
Oil prices hold steady
LONDON AFP - Oil prices held firm in London on Tuesday after slumping a day earlier on worries about tumbling energy demand in the United States amid fresh financial turmoil. ...
US group says China investment drops
A major US business group said an annual survey of its members shows that companies plan to invest 40 per cent less this year in southern China. ...
AIG exploited regulatory 'gap'- Bernanke
Federal Reserve chairman Ben Bernanke said insurance giant AIG brought itself to the brink of collapse by operating like a -amp quothedge fund -amp quot. ...
German auto sales gain 22- federation
FRANKFURT AFP - German new car sales jumped by 22 percent in February from the same month a year earlier- mainly owing to a bonus offered to those who turned in old cars- while exports slumped by 51 percent- figures released on Tuesday by the sector federation VDA showed. ...
Financial crisis dominates Obama-Brown talks
The global financial crisis has dominated talks in Washington between US President Barack Obama and British Prime Minister Gordon Brown. ...
Business as usual on Google exec bonuses
Bonus may be a dirty word on Wall Street right now- but end-of-year cash is still being handed out in Silicon Valley. ...
Standard Chartered profits jump- rosy on Asia
LONDON AFP - Standard Chartered- the emerging markets bank- said Tuesday that its net profit jumped a fifth to 3.41 billion dollars 2.69 billion euros in 2008- leaving it well-placed to tackle a slowdown in Asia. ...
Unsold cars pile up in Swedish port
Toyota has leased a cargo ship to store 2-500 unsold cars at Malmoe port- where parking lots are already full due to plunging car sales- an official said. ...
IMF eyes extra 25 billion dollars for poorest countries
WASHINGTON AFP - The International Monetary Fund said Tuesday it will need to provide at least 25 billion dollars in emergency financing this year to the poorest countries amid the global financial crisis. ...
Economy tipped to avoid recession- for now
Todays national accounts figures are expected to reveal Australia has defied the downward trend appearing in most advanced economies. ...
Economy tipped to avoid recession- for now
Todays national accounts figures are expected to reveal Australia has defied the trend appearing in most advanced economies. ...
Ford's US sales plummet 48
Ford Motor Co reported a 48 per cent year-over-year drop in its US vehicle sales on Tuesday amid a deepening economic downturn. ...
Oil prices hold steady
LONDON AFP - Oil prices held firm in London on Tuesday after slumping a day earlier on worries about tumbling energy demand in the United States amid fresh financial turmoil. ...
Russia- Spain strengthen ties with energy pact
MADRID AFP - Russian President Dmitry Medvedev wrapped up a visit Tuesday to Madrid by signing an energy cooperation pact and a deal to enable Spanish military equipment and staff to reach Afghanistan via Russia. ...
Euro gains after Australian interest rates held
LONDON AFP - The euro rallied against the dollar on Tuesday as an Australian decision to hold interest rates sparked renewed demand for risky assets- analysts said. ...
Fords US sales plummet 48 percent in February
CHICAGO AFP - Ford Motor Co. reported a 48 percent year-over-year drop in its US vehicle sales Tuesday amid a deepening economic downturn. ...
Obama paints bleak economic picture as aides face grilling
WASHINGTON AFP - US President Barack Obama painted a bleak picture of US economic prospects Tuesday as his treasury secretary and budget chief faced a grilling by lawmakers unhappy with his handling of the meltdown. ...
Obama issues bleak warning on first economic quarter
WASHINGTON AFP - President Barack Obama on Tuesday issued a bleak warning that there was -amp quotlittle promise -amp quot of an improvement in the fast deteriorating US economy in the first quarter of the year. ...
Bank of Canada cuts key lending rate to 0.5
OTTAWA AFP - Canadas central bank on Tuesday cut its key lending rate half a percentage point to a record low of 0.5 percent in its latest move to help arrest a deepening economic slump. ...
Bank of Canada cuts key lending rate to 0.5 pct
OTTAWA AFP - Canadas central bank on Tuesday cut its key lending rate by 0.5 percent to a mere 0. ...
Greens pressure Govt to lift abortion aid ban
The Federal Government is under increasing pressure to lift a ban on providing abortion advice through its foreign aid programs. ...
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