US Growth contracts As RBA Softens Us Up
We are all going to be poorer and feel poorer over the next couple of years, according to the second most senior bloke at the Reserve Bank, Deputy Governor, Ric Battellino.
Companies in the News
Australian Economy
Two Cashed Up Energy Giants
AGL Energy is suddenly in the best position for a company to be in during the current downturn.
Westpac Makes The Grade
All in all, Australian's banks finished a rough year in pretty good shape: earnings were solid in most cases, even for the two wounded members, the NAB and the ANZ.
BSL/API: Good Profit News
A last minute profit surge for BlueScope Steel?
Outlook For Rates
The US Fed and the People's Bank of China cut rates this week and we will follow next week, along with the European Central Bank.
Australian Market Report of October 30: Must Wait Until Fundamentals Improve
Yesterday Australian shares closed higher for the first time in six days. At the close, the benchmark S&P/ASX200 share index was up 1.3%, or 51 points, to 3845.6, after earlier advancing more than 4.8%. Analysts said the market could continue to fall until a few basic fundamentals such as US housing sales, interbank lending, and commodity prices improve.
Fed, China Cut Rates
The Federal Reserve has cut US interest rates by half a per cent early this morning, Australian time.
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