Japan's PM orders new stimulus package
Japan's Prime Minister Taro Aso has announced plans for a third stimulus package to revive Asia's largest economy. ...
Sat 14th March 2009 - 04:20pm
Madoff reveals 823 million dlr life of luxury
NEW YORK AFP - Court documents released show that Bernard Madoff and his wife Ruth lived a life of high luxury- with exclusive homes- yachts and other assets worth 823 million dollars. ...
Sat 14th March 2009 - 02:33pm
UK denies divisions among G20 nations
The British Government denies there is a major division between countries attending a G20 summit on how to deal with the economic crisis. ...
Sat 14th March 2009 - 01:50pm
Sony boss reaches deal with workers after detainment
The head of the French arm of Sony has reached a deal with workers over the closure of a manufacturing plant after they detained him overnight. ...
Sat 14th March 2009 - 01:40pm
UK denies divisions among G20 nations
The British Government denies there is a major division between countries attending a G20 summit on how to deal with the economic crisis. ...
Sat 14th March 2009 - 01:32pm
Obama promises post-bubble recovery
President Barack Obama says the US Government is working to soothe the economic pain being experienced by many Americans. ...
Sat 14th March 2009 - 01:30pm
Construction workers union backs private members bill
The construction workers union says a private members bill now before South Australian Parliament will put workers and subcontractors on an equal footing with interstate colleagues. ...
Sat 14th March 2009 - 01:27pm
FSU boss pushes to meet Rudd on bank jobs
The Finance Sector Union says it is seeking an urgent meeting with Prime Minister Kevin Rudd to press for more protection for the countrys banking workers. ...
Sat 14th March 2009 - 12:23pm
UK denies divisions among G20 nations
The British Government denies there is a major division between countries attending a G20 summit on how to deal with the economic crisis. ...
Sat 14th March 2009 - 11:51am
UK denies divisions among G20 nations
The British Government denies there is a major division between countries attending a G20 summit on how to deal with the economic crisis. ...
Sat 14th March 2009 - 11:50am
Economic crisis exposes financial crime
One of the worlds top fraud investigators says there has been a big increase in the detection of fraud cases worldwide because of the global economic meltdown. ...
Sat 14th March 2009 - 10:49am
US reassures China over its investments
The United States has assured China that its $US1 trillion worth of investment in the United States is safe. ...
Sat 14th March 2009 - 10:45am
US reassures China over its investments
The United States has assured China that its $US1 trillion worth of investment in the United States is safe. ...
Sat 14th March 2009 - 10:44am
Aust snubbed in G20 priority list
It appears the British Government has relegated Australia to a second tier of nations at G20 meetings on saving the global economy. ...
Sat 14th March 2009 - 10:25am
Law firm starts action against PowerCor over Vic bushfires
A Warrnambool law firm has started legal action against a power company over bushfires in western Victoria on Black Saturday. ...
Sat 14th March 2009 - 09:43am
Law firm starts action against PowerCor over Vic bushfires
A Warrnambool law firm has started legal action against a power company over bushfires in western Victoria on Black Saturday. ...
Sat 14th March 2009 - 09:40am
Economic crisis highlights increase in fraud cases
One of the worlds top fraud investigators says there has been a big increase in the detection of fraud cases worldwide because of the global economic meltdown. ...
Sat 14th March 2009 - 09:39am
Tomahawk tourism project axed
Another development company has withdrawn plans for a multi-million-dollar tourism project in Tasmanias north-east. ...
Sat 14th March 2009 - 08:46am
Madoff wakes up to life as prisoner 61727-054
NEW YORK AFP - Bernard Madoff awoke Friday - at 6- ...
Sat 14th March 2009 - 08:20am
Obama to work on G20 growth strategy
US president Barack Obama is to work on a strategy for the Group of 20 to boost exports and improve financial rules aimed at fuelling economic recovery. ...
Sat 14th March 2009 - 07:44am
Oil prices fall on eve of OPEC meeting
As the world's appetite for crude shrinks- OPEC is meeting in Europe to debate whether oil producers should tighten their spigots even more. ...
Sat 14th March 2009 - 07:43am
OPEC eyes oil output cuts as prices senn falling
VIENNA AFP - The OPEC oil exporters cartel braced Friday for a weekend meeting to decide whether more output cuts are needed to support weak crude prices amid a spreading global recession. ...
Sat 14th March 2009 - 07:29am
Madoff wakes up to life as prisoner 61727-054
NEW YORK AFP - Bernard Madoff awoke Friday - at 6- ...
Sat 14th March 2009 - 07:26am
Euro tax havens to ease banking secrecy
Switzerland- Luxembourg and Austria say they will relax key bank secrecy laws to meet growing international demands for change. ...
Sat 14th March 2009 - 06:59am
Madoff lawyers appeal jailing- court
NEW YORK AFP - Wall Street fraudster Bernard Madoffs lawyers have filed an appeal against the decision to revoke his bail- a US appeals court said Friday. ...
Sat 14th March 2009 - 06:59am
OPEC must comply 100 percent with output cuts- Venezuela
VIENNA AFP - Venezuelan Energy Minister Rafael Ramirez called Friday for OPEC cartel member nations to comply -amp quot100 percent -amp quot with recent crude output cuts to address oversupply in the oil market. ...
Sat 14th March 2009 - 06:20am
US trade deficit falls to $US36b
The US trade deficit plunged in January to the lowest level in six years as a deepening recession cut demand for imported goods. ...
Sat 14th March 2009 - 05:57am
Japan's PM orders new stimulus package
Japan's Prime Minister Taro Aso has announced plans for a third stimulus package to revive Asia's largest economy. ...
Sat 14th March 2009 - 05:55am
China gives Rio unlimited line of credit
China has offered Rio Tinto an unlimited line of credit- potentially worth more than $30 billion- to develop major mining projects. ...
Sat 14th March 2009 - 05:55am
Iceland on road to recovery- IMF
Recession-hit Iceland is well on the road to recovery six months after the spectacular collapse of its banking sector. ...
Sat 14th March 2009 - 05:54am
Medvedev urges criticism on economic policy
MOSCOW AFP - President Dmitry Medvedev called Friday for open debate on the economy- saying public criticism only improved policymaking and vowing Russia was stable enough to withstand internal argument. ...
Sat 14th March 2009 - 05:48am
Ireland seeks cap on bankers pay
DUBLIN AFP - Irish Finance Minister Brian Lenihan said Friday he was seeking to cap bankers salaries at 500-000 euros 645-000 dollars for institutions covered by a state guarantee scheme. ...
Sat 14th March 2009 - 05:45am
Sacked factory workers hold French Sony boss
PONTONX-SUR-LADOUR- France AFP - Workers held the boss of Sony France hostage overnight before freeing him Friday to take part in talks to persuade the Japanese giant to increase their redundancy package. ...
Sat 14th March 2009 - 05:22am
US trade gap shrinks to six-year low
WASHINGTON AFP - The US trade deficit shrank more than expected in January- hitting a six-year low- as the global economic crisis dampened trade volumes- government data showed Friday. ...
Sat 14th March 2009 - 03:38am
World Bank warns of very dangerous year ahead
LONDON AFP - World Bank president Robert Zoellick said Friday that 2009 was turning into -amp quota very dangerous year -amp quot for the economy but warned G20 members against protectionist policies to fight the downturn. ...
Sat 14th March 2009 - 03:25am
Merkel rejects calls for new stimulus package
MUNICH- Germany AFP - German Chancellor Angela Merkel voiced opposition Friday to a new package of economic stimulus measures US officials have called for as world leaders prepare for G20 meetings in Britain. ...
Sat 14th March 2009 - 02:59am
G20 split on fighting credit crunch
HORSHAM- England AFP - World finance ministers opened preparatory talks Friday on measures to turn back global recession ahead of an official session Saturday threatened by splits on how best to calm the turmoil. ...
Sat 14th March 2009 - 02:11am
US trade gap shrinks to six-year low
WASHINGTON AFP - The US trade deficit shrank more than expected in January- hitting a six-year low- as the global economic crisis dampened trade volumes- government data showed Friday. ...
Sat 14th March 2009 - 01:38am
China ready for new stimulus measures if needed
BEIJING AFP - China has made plans to inject more money into its economy if needed- Premier Wen Jiabao said- as he admitted the global crisis was making this years growth target hard to achieve. ...
Sat 14th March 2009 - 01:34am
OPEC mulls oil output cuts as prices fall further
VIENNA AFP - OPEC ministers began arriving here Friday for a meeting this weekend to discuss whether further cuts in oil output are needed to prop up falling crude prices. ...
Sat 14th March 2009 - 12:53am
Swiss- Luxembourg- Austria to ease bank secrecy
BERN AFP - Switzerland- Luxembourg and Austria said Friday they would relax key bank secrecy laws to meet growing international demands for change but only on a limited- case by case basis. ...
Sat 14th March 2009 - 12:51am
IEA warns OPEC against oil output cut
PARIS AFP - The International Energy Agency warned OPEC on Friday against tightening its oil supply vice- saying that any extra cut by the cartel on Sunday would accelerate the global economic crisis. ...
Sat 14th March 2009 - 12:43am
Mass of questions follow Madoff jailing
NEW YORK AFP - Jailing Bernard Madoff after he confessed to running a gigantic fraud was the easy part. ...
Sat 14th March 2009 - 12:42am
2009 very dangerous for economy- W.Bank chief
LONDON AFP - World Bank president Robert Zoellick said Friday that 2009 was turning into -amp quota very dangerous year -amp quot for the global economy. ...
Sat 14th March 2009 - 12:18am
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