Fed Leads New Cash Bailout For Globe
World markets steadied overnight after major central banks revealed huge large-scale emergency $US180 billion injections of dollar liquidity in an attempt to halt the global financial market crisis.
Companies in the News
Australian Economy
Two Qld Financial Stories
Two very different statements and market reactions for Queensland's last two important financial institutions this week.
OZ Minerals' Choices
Oz Minerals, the result of the merger between Oxiana and Zinifex, continues to have a rough time in the early months of its new life.
Asia Still OK
Asia's developing economies will experience lower levels of growth than previously forecast over the rest of 2008 and next year, according to the Asian Development Bank.
Bear Market Looms?
If anything, the current turmoil and its impact on credit markets and confidence could have the effect of bring on another rate cut next month in Australia next month, says the AMP's chief economist and strategist, Dr Shane Oliver.
Midday Market Roundup 18/09/2008
The market is down 160 on the back of the Dow Jones closing 450 points lower. The SFE Futures predicted a 153 point fall this morning. Financials falling steeply – down 4.9% as the continued credit-crisis turmoil surrounds the future solvency of major US banks. All sectors in the red – industrials down 5.2% and property down 4.6%.
Markets Mixed
American markets fell by up to 4.7% on the S&P 500, London was down, cash dried up around the world, our market could be down sharply at the open and Russia froze.
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