Tag: Business, Economics and Finance
Market rallies on back of US rate cut
Interest rates in the United States have been slashed again, to their lowest level on record.[MORE]
US Fed drops rates to 'zero to 0.25pc'
The US central bank has effectively cut interest rates to zero to help keep the country's recession from worsening.[MORE]
Cadbury to sell Australian Beverages
British maker of confectionery, Cadbury, has put its Australia Beverages drinks division up for sale and gave an up-beat fourth quarter trading update despite challenging conditions.[MORE]
4 trapped after Mallorca hotel collapse
At least four workers were buried under tonnes of rubble when a hotel on the Spanish island of Mallorca partially collapsed following torrential rain, local officials said.[MORE]
Malaysia Airlines in 'joint-venture talks' with Qantas
Malaysia Airlines and Qantas have reportedly held talks about a possible tie up between the two companies.[MORE]
Centro given refinancing lifeline
Centro Properties Group has won a reprieve from its bankers over the refinancing of billions of dollars in debt.[MORE]
Telstra share price tumble not Govt's fault: Conroy
The Federal Government says it is not to blame for the dramatic fall in Telstra's share price.[MORE]
ACT bucks national housing trend
The ACT has defied a national slump in housing, with a solid increase in the number of new homes started in the September quarter.[MORE]
Mine workers feel brunt of global financial downturn
The race is on to try to find new jobs for more than 540 Queensland mine workers who are being sacked.[MORE]
Court clears way for GBS worker payments
Workers at the failed GBS gold mines at Pine Creek in the Northern Territory will be paid their entitlements before Christmas. [MORE]
Emissions target unlikely to push businesses offshore: PwC
The accounting firm PricewaterhouseCoopers (PwC) says the Federal Government's emissions reduction target will be a challenge for the economy, but it is unlikely to prompt businesses to leave Australia. [MORE]
Renters brace for pain as housing construction falls
Renters are being warned to expect more pain after the number of new homes built in the last quarter plummeted.[MORE]
Xstrata closes Qld mine due to credit crunch
Mining company Xstrata Coal will shut down one of its central Queensland mines due to the global economic slowdown.[MORE]
Housing starts fall more than 10pc
The construction of new homes has experienced its sharpest quarterly fall in eight years, as high interest rates and the credit crunch hit the market.[MORE]
Macarthur Coal cuts scores of Qld jobs
Macarthur Coal is cutting 180 Qld jobs after a drop in coal sales.[MORE]
Australian banks clear in Madoff scandal
NAB, CBA, ANZ and Westpac say they have no direct exposure to the $75 billion Bernard Madoff fraud case.[MORE]
RBA minutes suggest interest rate hold
Policy meeting minutes released today offer further confirmation that the Reserve Bank (RBA) will keep interest rates on hold for at least the next two months.[MORE]
Investors abandon Telstra shares
Investors are continuing to abandon Telstra shares after the company was barred from the national broadband network tender process.[MORE]
Qld Govt moves to protect mining jobs
The Qld Mines Minister says job losses in the state's mining sector are concerning.[MORE]
McGauchie defends Telstra's broadband handling
Telstra's chairman Donald McGauchie has defended the company's handling of the broadband network bid.[MORE]
Ai Group welcomes emissions target
One of Australia's peak industry groups says the Federal Government's carbon pollution reduction scheme is a "positive compromise".[MORE]
Business lobby urges more cost cutting
Tasmania's peak business group has given the thumbs down to the State Government's response to the global financial crisis.[MORE]
Union launching campaign to stop bar staff attacks
The union representing hospitality staff will launch a campaign in Queensland today to try to boost employee awareness of the risks associated with working in the industry.[MORE]
Mining giant sacks Qld staff as financial meltdown bites
Australia's largest zinc mine has laid off 135 workers because of the global financial crisis.[MORE]
Banking stocks weigh on Wall St
Banking stocks led the US share market lower at the start of the new trading week on Wall Street.[MORE]
