Gloom sets in, shares sink
11:06am |
Aussie shares sink, following on from heavy falls on Wall Street and European markets.
Not-so-happy new year
IAN VERRENDER 10:00am |
Celebrations were premature. The hangover from the financial crisis has yet to work its way into the suburbs and on to the factory floor.
Services expand for first time in 15 months
CHRIS ZAPPONE 9:35am | Activity in the service sector expands as rising consumer confidence spurs demand.
Rio in halt, seeks more rights subscribers
8:40am | Rio Tinto requests a trading halt as it seeks subscribers for a shortfall in its Australian rights issue.
Holden running on empty
MICHAEL WEST AND MARC MONCRIEF |
Holden's financial accounts depict a company in strife at the end of last year, and its uncertain future was duly noted in the company accounts.
- News No. 2 could make more than Murdoch
- Leisure magnate may be left with just two pubs
- Super fund vies to save timber growers
- NetBank still reeling from cyber attack
- Kennett still calls Australia boned
- Strong support for Rio offer
- NAB buys back old debt, at a big discount
- Clarke gives up some board roles
- Builders insurer pulls out
- Cold water poured on tax cuts trickling down
- More Business News and Views
| ASX 200 | 3817.1 | -60.2 | -1.55% |
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| CAC | 3116.41 | -100.59 | -3.13% |
| Nasdaq | 1796.52 | -49.2 | -2.67% |
| Hang Seng | 18178.05 | 0 | 0.00% |
| NZ 50 | 2752.707 | -15.478 | -0.56% |
Data delayed by 20 mins.
Business News Wire
10:45AM Gunns takes stake in Forest Enterprises
10:24AM Bullish noises after NZ housing data
10:16AM Russia car maker GAZ to cut 7,000 jobs
Markets ASX Indices | ASX Top Movers | GICS Industries | Currencies
Gloom sets in, shares sink
11:06am |
Aussie shares sink, following on from heavy falls on Wall Street and European markets.
Ian Verrender: Suncorp's future
Audio Suncorp looks to the future with its new boss, Patrick Snowball.
World Business
US jobless rate hits 26-year high
ANNE DAVIES 6:42am |
Hopes the US economy may be on the mend suffer a setback as another 467,000 lost their jobs last month.
Comment & Analysis More Comment & Analysis
Will Chinalco make Rio pay?
ELIZABETH KNIGHT |
There is a Chinese proverb: "He who seeks revenge should remember to dig two graves."
- CBD Just what the doctor ordered
- Xchange Housing perspectives - fertiliser or weedkiller
- Ian Verrender Soldier to sell an ailing bank
- Malcolm Maiden Annual iron ore price-fixing cracks under pressure
- Elizabeth Knight Damaging cascade if Hedley topples
- More Comments & Analysis
Small Business Resources | Startup | Entrepreneur | Franchise | Manage | Market | Trends
Retailers celebrate demise of grocery site
There was a conspicuous lack of mourning among leading retailers at the news the Federal Government's Grocery Watch website would be given last rites and deleted from cyberspace.
- Franchising Liquidators sell off Kleenmaid assets
- World "He is a beast who has fed upon us.."
- Investing Timbercorp stakeholders vote to liquidate affiliate
- Technology How to prepare your business for disaster
- Well Heeled Anneli Knight
- Tax Business Maxims
- More Small Business
The name on everyone's lips
High-glamour couture fashion team, J'Aton are aiming to conquer Hollywood with their exquisite creations.
Money Planning | Investment | Banking | Property | Superannuation | Tax | Tools
Up, up and away
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25 Jun |
The banks have been quick to raise fixed rates but there could be another chance to lock in at a low rate.
Pick your targets
Analysts are divided on what the new financial year will bring but a cautious approach to investing is best.
