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| | | ... severe casualty of the global financial crisis, with thousands of redundancies already occurring across big firms such as ANZ Bank, Citibank and Suncorp, among others. Australia's unemployment rate is expected to hit 5 per cent by the June quarter of ... |
| | | | It's official. The US is - or has been - in recession since December 2007. Now what? The Business Cycle Dating Committee of the US National Bureau of Economic Research (NBER) announced that America's economy entered recession one year ago, despite not ... |
| | | | ... the December Share Price Index futures contract was down 170 points at 3,511. In economic news, the board of the Reserve Bank of Australia (RBA) meets with a decision on interest rates due at 1430 AEDT. The RBA is expected to again cut the official rate ... |
| | | | ... demand collapsing," Mr Klusman said. "US Futures in Asia are down, but I doubt we'll fall too much today with the Reserve Bank expected to cut rates by 75 points tomorrow." At 1202 AEDT, shares in BHP Billiton were down $1.09, or 3.52 per cent, at $29.91 ... |
| | | | BT Financial Group chief executive, Rob Coombe has announced the combined Westpac/St.George wealth management business executive team. Coombe named John Shuttleworth as superannuation & investment solutions general manager; Mark Smith as insurance general ... |
| | | | Today we welcome the last of the 'ber' months - December. Chances are this month will go the way of the other three 'bers' that preceded it as fresh data proceeds to tell the story of global economic weakness and financial market uncertainty. While ... |
| | | | ... amongst data released today are the Australian Bureau of Statistics business indicators for the September quarter, the Reserve Bank of Australia commodity price index for November, and the TD Securities-Melbourne Institute inflation gauge for November. ... |
| | | | ... can soup instead of turkey for Thanksgiving dinner. Australians too have plenty to be thankful. Thank you that the Reserve Bank of Australia has acted swiftly and aggressively to counter the dampening effects of the liquidity crunch on the economy. Thank ... |
| | | | ... Exchange, however, the December Share Price Index futures contract was up 32 points at 3,600. In economic news today, the Reserve Bank of Australia releases financial aggregates data for October and the Housing Industry Association releases its state ... |
| | | | ... cent to $28.28 while Rio Tinto lost $20.26, or 31.71 per cent, to $43.64. All the major banks were down, with Commonwealth Bank dropping $1.03, or 3.03 per cent to $32.97, National Australia Bank down 15 cents, or 0.75 per cent at $19.72, ANZ losing ... |
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