Fed Steady, Rate Cut Here next Month?
The US Federal Reserve left interest rates steady at 2% this morning and softened its stance, leaving analysts to forecast no change for the rest of the year at least.
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Australian Economy
Tough Day On Market But Campbell Bros Stars
A tough day on the Australian stock market yesterday, which ended lower for a third day, as miners were sold off on falling commodity prices.
AXA'S Good/Bad News Interim
You sometimes can't pick a troubled market.
SEV: Will Kerry Stokes Grab Control
So will Kerry Stokes take a controlling 50%-plus stake in the Seven Network Ltd at a time when the company has lost millions on controversial stockmarket investments, and earnings are under increasing pressure from the slowing economy?
NZ Gallops Towards Recession?
New Zealand seems on its way to be the first western economy into recession this year, according to the country's Treasury department.
Midday Market Roundup 05/08/08
The market is having a shocker - down 96 hitting a two year low. The SFE Futures suggested a 44 point fall. It looks like the Resources bubble is bursting today. Resources pummeled after steep falls in energy and commodity prices overnight – down 6.1% - with BHP down 6.4% and RIO 5.6%. Property Trusts also struggling – down 2.2%. Financials started down but now up 0.7%.
China And Japan: A Tale of Two Economies
Significant changes seem to be happening in Australia's two key export markets, China and Japan.
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