Australian Economy

Despite Pressures, System Worked

🕔9/16/2008 8:53:00 AM

So what can be said about the Lehman Brothers failure and the other dramatic events of the weekend?

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Houses Down, But Definitely Not Following The US Or UK

🕔9/16/2008 8:50:00 AM

The problems in the Australian housing market pale into insignificance beside the woes of credit markets in the wake of Lehman Brothers bankruptcy, but they do tell us something about the Australian economy.

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Centro All But Out

🕔9/16/2008 8:49:00 AM

Securities in the embattled shopping centre group Centro Properties/Centro Retail Trust are under pressure as the group faces more trouble staying afloat in the growing troubles besetting local and world financial markets.

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Iron Ore Battle All But Over

🕔9/16/2008 8:47:00 AM

The battle for control of Midwest Corporation, the small western Australian iron ore seems to be over after two major hold out shareholders capitulated and accepted the offer from China-backed Sinosteel.

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Markets Weaken After Lehman Failure

🕔9/16/2008 8:03:00 AM

The Lehman Brothers collapse saw shares in America and Europe plunge after a smaller than expected fall in Asia-Pacific shares yesterday was tempered by Japan, China and South Korea being closed for a holiday.

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Midday Market Roundup 15/09/2008

🕔9/15/2008 11:58:00 AM

It is a sea of red today – our market is down 98 despite the SFE Futures suggesting a 50 point rise in the market this morning. Financials down 4%, Resources outperforming and providing the much needed support base for the market – up 0.4%. BHP down 4c to 3596c, it was up over 1.4% as the market initially opened. Rio Tinto up 21c to 10646c. A little disappointing from both stocks considering they were up over 8% on Friday in ADR form and 5% in London. Gold stocks up after a $19 jump in the gold price on Friday. The big story is the potential collapse of Lehman Brothers in the US tonight. The Dow Futures are predicting a horrid session on Wall Street tonight, they are down 245 points.

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