Markets All Over The Place
A bad day for shares again.But did we see a steadying emerge in late US trading?
Companies in the News
Australian Economy
US, Spain Bail Out Banks
The UK Government is to offer more than $A1.2 trillion in loans and guarantees in an effort to support the country's tottering banking sector.
US Economy Heading For A Hard Landing
The US economy is in far worse shape than many in the US think, and is heading for a hard landing.
Economy Lower
Home loans tumbled in August for a 7th successive month and consumer confidence plunged in October, so the question now is whether Tuesday's 1% rate cut from the Reserve Bank will have any impact in reversing those trends.
CBA's Great Deal
The Commonwealth Bank is now too big to fail now, if ever we ever needed it confirmed
RBA's Bold Rate Cut As Recession Looms
The stockmarket rejoiced, rising 1% or more after the news was released, but we should remember the reality of a 1% rate cut.
Australia Market Report of October 8: Aussie Dollar to Face Selling Pressure
Overnight Wall Street closed more than 5% down on growing fears that the spiralling credit crisis would drag the US economy into a recession. While the global financial crisis deepened, RBA cut the interest rate by a full percentage point, double the amount that had been expected.
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