Australia dragged into recession- Swan
Treasurer Wayne Swan has emerged from G20 finance ministers talks in Washington with no doubt that he is facing the most difficult economic environment in 75 years in which to frame next months budget. ...
Sat 25th April 2009 - 06:19pm
Australia dragged into recession- Swan
Treasurer Wayne Swan will not reveal whether or not todays sombre G20 finance summit in Washington will affect Australias unemployment or Budget deficit forecasts. ...
Sat 25th April 2009 - 05:21pm
China's gold reserves 'top 1-000 tonnes'
China's gold reserves rose 75 from 2003 to 2008- state media said- reporting that Beijing now had the world's fifth largest holdings of the precious metal. ...
Sat 25th April 2009 - 01:24pm
Councils say Govts planning reforms too vague
South Australian councils are demanding more information over the State Government using its major project status power. ...
Sat 25th April 2009 - 11:36am
G7 ministers flag signs of global recovery
Finance ministers from the Group of Seven major economies say the global economic slump may be easing. ...
Sat 25th April 2009 - 11:32am
Jobs boom in SW Qld energy sector
There are more jobs than people available in Queenslands booming energy sector in the Surat Basin in the states southern inland. ...
Sat 25th April 2009 - 11:23am
Economic activity 'to pick up this year'
The Group of Seven major economies expects global economic activity to begin to recover later this year after the worst global slump in decades. ...
Sat 25th April 2009 - 10:49am
G7 hails Chinas crisis actions- pledges support
WASHINGTON AFP - The G7 major economies have hailed the contribution of -amp quotmany countries- -amp quot including China- in the fight against the global economic crisis and pledged to work toward increasing their clout in international financial institutions. ...
Sat 25th April 2009 - 10:37am
Honeywell first quarter profit falls 38
Honeywell International's quarterly earnings have dropped 38 per cent as the aviation and auto industries pulled back spending on the company's turbo chargers. ...
Sat 25th April 2009 - 08:55am
US new home sales better than expected
US demand for big-ticket manufactured goods and new home sales were both better than expected in March. ...
Sat 25th April 2009 - 08:55am
Former Facebook exec named MySpace CEO
News Corporation has announced that Owen Van Natta- a former executive at Facebook and Amazon.com- had been named chief executive of MySpace. ...
Sat 25th April 2009 - 08:28am
GM secures new loan from US Govt
United States car giant General Motors has received another loan from the Obama Administration. ...
Sat 25th April 2009 - 08:17am
GM secures new loan from US Govt
United States car giant General Motors has received another loan from the Obama Administration. ...
Sat 25th April 2009 - 08:15am
Graincorp to mix GM canola with main crop
Grain handler Graincorp has announced that genetically modified GM varieties of canola will be mixed in with the main crop in this years harvest. ...
Sat 25th April 2009 - 07:45am
Govts outline plans for binge-drinking crackdown
The state- territory and federal governments have proposed a major new plan to tackle binge-drinking amongst young people. ...
Sat 25th April 2009 - 07:36am
Govts outline plans for binge-drinking crackdown
The state- territory and federal governments have proposed a major new plan to tackle binge-drinking amongst young people. ...
Sat 25th April 2009 - 07:31am
Treasury lends $US2b more to ailing GM
US taxpayers have invested another $US2 billion $A2.8 billion in General Motors this week as the auto giant continued efforts to avoid bankruptcy court. ...
Sat 25th April 2009 - 07:20am
Oil prices rebound on weak dollar
Oil prices have jumped above $US51 as a flagging dollar and rising stock markets offset concerns about weak demand arising from the global economic downturn. ...
Sat 25th April 2009 - 06:46am
Financial lifeline to car components company
The jobs of nearly 300 workers at the Launceston-based car parts manufacturer ACL Bearing appear safe- with confirmation the company has secured a total of $8 million in grants and loans. ...
Sat 25th April 2009 - 06:35am
WTO rules against US in trade dispute
The World Trade Organisation ruled against the US in a trade case- saying it continued to apply illegal import duties on Japanese steel products. ...
Sat 25th April 2009 - 06:28am
End speculation on home buyers grant- HIA
The Housing Industry Association HIA wants the Federal Government to put an end to speculation over whether it will continue to boost the first home buyers grant. ...
Sat 25th April 2009 - 05:15am
Iberia shares plunge after results warnings
MADRID AFP - Shares in Spanish airline Iberia- which is discussing a tie-up with British Airways- closed down nearly nine percent Friday following its warning of a net loss for 2009 and a cost-reduction plan. ...
Sat 25th April 2009 - 03:42am
Summit seeks to speed up gas to Europe
SOFIA AFP - Leaders from the EU- the Balkans and gas supplier countries sought to secure Europes gas deliveries by diversifying sources and supply routes- at a summit Friday marked by political wrangling. ...
Sat 25th April 2009 - 03:29am
EU to propose caps on executives- bankers bonuses
BRUSSELS AFP - The European Commission will propose next week to set caps on bankers and corporate executives bonuses after the financial crisis exposed excesses- according to draft documents obtained by AFP. ...
Sat 25th April 2009 - 03:20am
Swedens SEB seeks state guarantee after profits drop
STOCKHOLM AFP - Swedish bank SEB said Friday it would sign up to a state-backed guarantee programme after it reported a 44-percent drop in net profit in the first quarter due to its exposure to the Baltics. ...
Sat 25th April 2009 - 03:14am
British economy shrinks fastest since 1979
LONDON AFP - Britains recession-battered economy shrank at its fastest in almost 30 years in the first quarter of 2009- official data showed Friday- heaping fresh doubt on government hopes of a quick recovery. ...
Sat 25th April 2009 - 02:39am
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