Tag: Economic Trends
Local market rebounds before close
The Australian share market has staged a late recovery to finish the week higher.[MORE]
Swan 'calm, considered' in face of deficit debate
Wayne Swan says he will not speculate about the need for the budget to go into deficit due to the global financial crisis.[MORE]
Research shows consumer confidence down for Christmas
Feature
Research has shown a drop in consumer confidence ahead of the peak Christmas period.[MORE]
Telstra workers vote on strike action
Telstra workers are voting on whether to take urgent industrial action over pay claims at the company's annual general meeting.[MORE]
Local stocks continue to plummet
Australian shares have fallen 3.5 per cent after a big dive on Wall Street.[MORE]
Fannie Mae, Freddie Mac to suspend US home foreclosures
Two US mortgage finance giants Fannie Mae and Freddie Mac said they will halt home foreclosures until early January as they modify loans to help keep owners in their homes.[MORE]
Local stocks fall after Wall St plunge
Australian shares have fallen nearly 3 per cent after Wall Street plunged overnight.[MORE]
Disgruntled customers turning to green banks
Feature
The international financial crisis has prompted a rise in the number of European consumers moving to smaller "ecologically correct" banks.[MORE]
Cartel activity complaints on the rise
Australia's competition watchdog says the global financial crisis has led to a spike in the number of complaints about businesses colluding. [MORE]
'Get your act together', Congress tells carmakers
A bipartisan car industry bailout proposal has been put on hold until executives prove they deserve it.[MORE]
Car industry turmoil rattles Wall St
Uncertainty over the future of the US car industry, and more bad economic news, have rattled US investors. [MORE]
Govt may strike a deal with car industry
The Federal Government says it is still working with the car industry to try and solve the problems with wholesale credit and is hoping to make an announcement soon.[MORE]
Opposition joins in budget deficit rejection
The federal Opposition has joined the Government dismissing the Reserve Bank governor's suggestion that a budget deficit would keep the Australian economy growing. [MORE]
Exports fall as economy worsens in Japan
There are signs of worsening economic conditions in Japan, with figures showing exports last month fell at their fastest pace in more than seven years.[MORE]
Cut small businesses some tax slack: Oppn
The Federal Opposition wants the Government to give small businesses more leeway in estimating their tax burden in times of economic uncertainty.[MORE]
Market closes lower after rough day
The share market has finished the day 4.5 per cent down after an overnight drop on Wall Street.[MORE]
Share market continues to fall
The Australian share market remains 3.5 per cent down, after a drop on Wall Street overnight.[MORE]
IMF approves $2b loan for troubled Iceland
The International Monetary Fund (IMF) has approved a loan of more than $2 billion to Iceland to help it cope with what the IMF described as a banking crisis of extraordinary proportions. [MORE]
Credit card spending up $1b: RBA
Figures from the Reserve Bank show that credit card use rose in September. [MORE]
No need to borrow for spending: Swan
Wayne Swan says the Government sees no need to put the Budget into deficit, despite a suggestion from the RBA.[MORE]
New chamber chief highlights future challenges
Thee new head of a Monaro traders' group says the global economic crisis will present extra challenges for the business community.[MORE]
Nickel project to close amid economic woes
A Kimberley nickel project has become the latest casualty of the global economic downturn, with the Copernicus Project to shut down in coming weeks.[MORE]
Ford Geelong plant gets reprieve
The Ford motor company has cancelled plans to close its engine production plant in the Victorian city of Geelong.[MORE]
'One in ten' Vic car yards face foreclosure
One in ten Victorian car dealerships may have to close if a credit crisis in the industry is not solved soon.[MORE]
Aust markets follow Wall St's lead
Fears about the US economy are continuing to push the Australian sharemarket lower.[MORE]
