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Growth
G7 supports US rescue plan
by Staff Reporter • 23 Sep 2008
The G7 has backed the United States’ US$700 billion (AU$870 billion) plan to tackle global credit market turmoil
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Fast action essential for multi-billion dollar financial US rescue...
by Staff Reporter • 22 Sep 2008
The US treasury’s US$700 billion (A$870 billion) financial rescue plan announced Friday prompted a strong US...
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Auction activity down
by Staff Reporter • 22 Sep 2008
Prospective buyers have stayed away from the auctions again this weekend as auction clearance rates continue to...
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Rents to jump as property supply falls
by Staff Reporter • 19 Sep 2008
Rising rental yields may catch the eye of investors as the housing shortage grows and the share market wobbles.
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Mining sector health clouds ?decidedly bleaker? economic growth...
by Staff Reporter • 18 Sep 2008
The case for the RBA to reduce the cash rate in October has strengthened as the mining boom distorts a real slowdown...
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Barclays to acquire Lehman assets
by Staff Reporter • 17 Sep 2008
Barclays announced today that it has agreed to purchase Lehman Brothers’ North American investment banking and...
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Federal Reserve makes billion dollar rescue loan for AIG
by Staff Reporter • 17 Sep 2008
The US Federal Reserve has agreed to lend up to US$85 billion (A$105 billion) to AIG as an emergency loan for the...
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October rate cut unlikely
by Staff Reporter • 17 Sep 2008
Recent catastrophic events in the US financial sector and global economic uncertainty are unlikely to prompt the RBA...
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No change to US cash rate
by Staff Reporter • 17 Sep 2008
The US Federal Reserve left interest rates on hold when it met overnight, defying market expectations that Wall Street...
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American insurance giant on verge of collapse
by Staff Reporter • 16 Sep 2008
American International Group (AIG) could become the third major victim of the credit crisis in a week as it struggles...
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