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The Mercury | Business News

Latest Business News from The Mercury

Published: Thu, 20 Nov 2008 12:15:28 +1100

Last Build Date: Thu, 20 Nov 2008 12:15:28 +1100

Copyright: Copyright 2007 News Limited. All rights reserved.

Babcock teeters on the brink

Wed, 19 Nov 2008 20:10:00 GMT

BABCOCK & Brown's future is hanging in the balance as banks meet to decide its fate.

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Share market falls sharply at open

Wed, 19 Nov 2008 23:13:00 GMT

THE share market has opened sharply lower this morning after Wall St fell more than 5 per cent overnight.

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It's OK to go into red, says RBA boss

Wed, 19 Nov 2008 13:01:00 GMT

THE RBA has given the green light for federal and state governments to go into deficit to support economic growth.

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Receivers called in to CFK

Wed, 19 Nov 2008 20:25:00 GMT

NATIONAL Australia Bank has pulled the plug on CFK Childcare, putting Canberra under pressure to launch another bailout.

Westpac warns of recession risks

Wed, 19 Nov 2008 20:30:00 GMT

AUSTRALIA risks sinking into recession early next year after a "very disturbing" slide in expectation for economic growth, according to a report from Westpac.

Telstra heeds shareholder ire on pay

Wed, 19 Nov 2008 20:19:00 GMT

SOL Trujillo says Telstra's board has heeded last year's investor backlash over the telco's remuneration report.

IMF approves $3.2bn loan for Iceland

Thu, 20 Nov 2008 00:02:00 GMT

THE International Monetary Fund announced its executive board approved a loan of $US2.1 billion ($3.2 billion) for Iceland, which has been reeling from the global financial crisis.

Share market in for another bumpy ride

Wed, 19 Nov 2008 21:25:00 GMT

THE share market looks set for another rough day today after US stocks took a pummelling overnight.

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US economic woes deepen

Wed, 19 Nov 2008 21:07:00 GMT

A GLUM economic outlook worsened overnight as data on US housing starts and consumer prices pointed to more weakness and deflation risks, while the Federal Reserve acknowledged the potential for a long recession.

Oil falls for fourth straight day

Wed, 19 Nov 2008 21:01:00 GMT

OIL prices dropped overnight, with Brent crude falling close to $US50 a barrel, as weak energy demand and the global credit crunch pressured the market.