Australian Economy

China Slows

🕔10/21/2008 8:27:00 AM

Well China's economic growth did slow in the September quarter, but not too many commentators thought fit to mention a major contributing factor besides the slowing economies of the west and the credit crunch.

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Producer Prices Rise Sharply

🕔10/21/2008 8:24:00 AM

Prices paid to Australian producers rose in the September by almost twice as much as economists had forecast as costs for energy, water and construction jumped.

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Cars Slow AHG

🕔10/21/2008 8:23:00 AM

Perth-based national car dealer Automotive Holdings Group Ltd (ASX code AHE) says the economic downturn has led to a 30% drop in profit in the first three months of fiscal 2009.

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Wattyl To Cut Deeper As Sales Fall

🕔10/21/2008 8:21:00 AM

The building slump continues to take a toll on Sydney-based paint maker, Wattyl Ltd which said yesterday it will significantly expand its cost cutting program to try to offset falling revenue and earnings.

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Iron Ore Continues Cooling

🕔10/21/2008 8:19:00 AM

Small Western Australian miner, Australian Atlas Iron, has joined the growing group of Australian iron ore producers which have reported tougher times in China.

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Midday Market Roundup 20/10/2008

🕔10/20/2008 11:09:00 AM

The market has started the week off promisingly – up 99 or 2.5% - despite the SFE Future suggesting a 21 point fall this morning after Wall Street struggled on Friday. Resources and energy outperforming. Both BHP and RIO both up 4%. Warren Buffett announced on Friday he was buying the US equity market for his personal account. Quiet a few companies continue to register fresh yearly lows: Clive Peters, McPherson's, Photon Group, Pan Australia and Reece Australia.

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