Europe Has Problems
The European Central Bank had a chance to send a big message to the slowing eurozone economies and those surrounding it when it met overnight.
The European Central Bank had a chance to send a big message to the slowing eurozone economies and those surrounding it when it met overnight.
A small, but significant bit of good news yesterday amid all the doom and fear.
Struggling zinc producer CBH Resources has launched a hostile $60 million takeover for struggling rival lead and zinc miner, Perilya Ltd just over two months after the companies terminated a friendly merger.
A rough week for everyone, made rougher by some dopey politicians in the US.
The market is down 13. Been in and out of positive territory all day. Up 38 at best, down 18 at worst.
There is a big upside from the sharp slump in the value of the Australian dollar.
Stockmarkets were mixed: the US easier, Asia and Europe climbed on speculation the US Senate will approve a $US700 billion bailout rescue plan.