Business News

Share market loses more ground
NEWS.com.au
A RATE cut by the central bank failed to stem falls on the Australian share market, which closed 4 per cent lower today.
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What the RBA said
NEWS.com.au
AT its meeting today, the board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.
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BA 'exploring merger' with Qantas
NEWS.com.au
BRITISH Airways last night revealed it is "exploring a potential merger" with Qantas.
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Retail sales rise despite slowdown
NEWS.com.au
RETAILS sales have surprisingly climbed and could rise again after today's interest rate cuts.
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Stock continue to fall
NEWS.com.au
A RATE cut by the Reserve Bank failed to stem falls on the Australian share market yesterday as resources stocks helped drag it down 4 per cent.
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More cuts on cards
NEWS.com.au
PLUMMETING economic confidence is expected to push the Reserve Bank into making further interest rate cuts over the next few months.
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Rates cut to protect economy
NEWS.com.au
THE Reserve Bank has slashed official interest rates to 4.25 per cent in a bid to protect the economy from the worst of the global recession.
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Rio's slash and burn
NEWS.com.au
RIO Tinto has continued to slash proposed spending in light of its huge debt and sagging world economic growth.
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Pacific route stays protected
NEWS.com.au
FOREIGN airlines will continue to be barred from carrying passengers between Australia and the US.
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Housing tipped to remain in slump
NEWS.com.au
HOUSING construction will continue to fall, with interest rate cuts not likely to affect the market until 2009/10, research says.
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NAB close to home on Wizard
NEWS.com.au
THE face of Wizard Home Loans, Mark Bouris, says his future with the company is in the hands of GE Money and its prospective new owner.
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Power out at GMC
NEWS.com.au
MELBOURNE power tool company Global Machinery Co, run by two Rich Listers, has gone into receivership after losing a major contract with Bunnings.
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Has surplus disappeared?
NEWS.com.au
IF Kevin Rudd believed in transparency in government he would release an updated Mid-Year Economic and Fiscal Outlook to incorporate COAG spending.
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Cutting both ways
NEWS.com.au
DETERIORATING economic conditions have all but locked in a Reserve Bank interest rate cut of up to 1 per cent today.
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US in recession since last year
NEWS.com.au
IT'S official the US economy has been in recession since December 2007, a panel of economists has declared.
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