Published: Tue, 04 Nov 2008 15:47:23 +1100
Last Build Date: Tue, 04 Nov 2008 15:47:23 +1100Copyright: Copyright 2007 News Limited. All rights reserved.
Tue, 04 Nov 2008 03:55:00 GMTTHE Reserve Bank cut interest rates by 75 basis points today, reducing borrowing costs to the lowest level in more than five years.
Tue, 04 Nov 2008 02:01:00 GMTMINERS dragged down Australian shares this afternoon amid fears iron ore prices will fall sharply next year.
Tue, 04 Nov 2008 00:09:00 GMTKEY Australian credit markets today thawed to levels not seen since before the collapse of US investment bank Lehman Brothers.
Mon, 03 Nov 2008 22:32:00 GMTJAMES Hardie Industries has suspended production at two US plants due to further deterioration in the American housing market.
Mon, 03 Nov 2008 22:43:00 GMTBRAZILIAN mining giant Vale said it will not reduce the price of its iron ore to push sales volumes higher.
Mon, 03 Nov 2008 19:25:00 GMTUS auto sales deteriorated further in October as General Motors warned the industry was on track for its worst month in 25 years.
Mon, 03 Nov 2008 20:47:00 GMTOIL prices fell sharply in New York on signs a widening economic slowdown may freeze growth in petroleum demand next year.
Mon, 03 Nov 2008 19:55:00 GMTTHE eurozone economy was now in recession and would remain at a standstill for most of next year, the European Commission said.
Mon, 03 Nov 2008 22:50:00 GMTBABCOCK & Brown Infrastructure Group has sold 50 per cent of its stake in the New Zealand operations of its Powerco subsidiary.
Mon, 03 Nov 2008 22:05:00 GMTPEPSI will spend $1.5 billion in China over the next four years, its largest investment so far in one of its fastest-growing markets.
Mon, 03 Nov 2008 23:13:00 GMTTHE British government has created a company to manage the 37 billion pounds ($86 billion) bank bailout plan.
Mon, 03 Nov 2008 20:34:00 GMTWORLD equity markets lost an estimated $US5.79 trillion ($8.6 trillion) during October, the biggest monthly loss ever.