Subscribe: The Australian | Business
Added By: Feedage Forager Feedage Grade A rated
Language: English
australian  bank  billion  credit markets  interest rates  iron ore  iron  markets  oil prices  ore  price  prices  sales  year  years 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: The Australian | Business

The Australian | Business

News, views and information from the pages of The Australian

Published: Tue, 04 Nov 2008 15:47:23 +1100

Last Build Date: Tue, 04 Nov 2008 15:47:23 +1100

Copyright: Copyright 2007 News Limited. All rights reserved.

RBA slashes interest rates to 5.25pc

Tue, 04 Nov 2008 03:55:00 GMT

THE Reserve Bank cut interest rates by 75 basis points today, reducing borrowing costs to the lowest level in more than five years.

Media Files:,10114,6332992,00.jpg

Iron price fears pull stocks down 2pc

Tue, 04 Nov 2008 02:01:00 GMT

MINERS dragged down Australian shares this afternoon amid fears iron ore prices will fall sharply next year.

Media Files:,10114,6332597,00.jpg

Oz credit markets out of deep freeze

Tue, 04 Nov 2008 00:09:00 GMT

KEY Australian credit markets today thawed to levels not seen since before the collapse of US investment bank Lehman Brothers.

Media Files:,10114,6332333,00.jpg

Hardie plants hit by weak US housing

Mon, 03 Nov 2008 22:32:00 GMT

JAMES Hardie Industries has suspended production at two US plants due to further deterioration in the American housing market.

Media Files:,10114,6332060,00.jpg

Vale will not drop iron ore price

Mon, 03 Nov 2008 22:43:00 GMT

BRAZILIAN mining giant Vale said it will not reduce the price of its iron ore to push sales volumes higher.

Media Files:,10114,6332086,00.jpg

GM sales crash 45pc: Ford, Toyota dive

Mon, 03 Nov 2008 19:25:00 GMT

US auto sales deteriorated further in October as General Motors warned the industry was on track for its worst month in 25 years.

Oil prices drop on weak manufacturing

Mon, 03 Nov 2008 20:47:00 GMT

OIL prices fell sharply in New York on signs a widening economic slowdown may freeze growth in petroleum demand next year.

Eurozone officially in recession

Mon, 03 Nov 2008 19:55:00 GMT

THE eurozone economy was now in recession and would remain at a standstill for most of next year, the European Commission said.

Media Files:,10114,6331862,00.jpg

Babcock sells half of NZ's Powerco

Mon, 03 Nov 2008 22:50:00 GMT

BABCOCK & Brown Infrastructure Group has sold 50 per cent of its stake in the New Zealand operations of its Powerco subsidiary.

Pepsi to invest $1.5bn in China

Mon, 03 Nov 2008 22:05:00 GMT

PEPSI will spend $1.5 billion in China over the next four years, its largest investment so far in one of its fastest-growing markets.

UK creates company for bank bailouts

Mon, 03 Nov 2008 23:13:00 GMT

THE British government has created a company to manage the 37 billion pounds ($86 billion) bank bailout plan.

Global share losses hit record in Oct

Mon, 03 Nov 2008 20:34:00 GMT

WORLD equity markets lost an estimated $US5.79 trillion ($8.6 trillion) during October, the biggest monthly loss ever.

Media Files:,10114,6332106,00.jpg