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| | | Federal Treasurer Peter Costello unveiled his 11th Budget last night, delivering a fiscal surplus worth around $11.9 billion. According to the 2006/2007 Budget Papers, the government plans to spend $219.7 billion of its projected $231.6 billion in revenues. ... |
| | | | ... index closed higher, pushed by a sharp gain in Vodafone on speculation of a big US disposal and as oil shares rallied with a spike in crude. The FTSE 100 closed at 6,105.6 points, up 38.5 or 0.63 per cent. FRANKFURT - The DAX index ended at 6,140.72 ... |
| | | | ... 1301.61. The Nasdaq Composite Index was up 2.76 points at 2315.58. LONDON - UK stocks closed sharply lower, wiping out an early spike to a five-year high, as financial stocks fell broadly but mortgage bank Alliance & Leicester hit a record high on bid ... |
| | | | ... Norris. NEW YORK - US stocks fell with a drop in crude oil prices weighing on market heavyweights like energy shares. A spike in bond yields after a disappointing Treasury note auction hurt shares of banks and insurers. The Dow Jones industrial average ... |
| | | | The Indian market is suffering from too much of a good thing with huge foreign flow of funds into the country making it too expensive to invest in their equities, according to Citigroup. Ratnesh Kumar, head of India Research at Citigroup, said that ... |
| | | | ... three years on Friday, plummeting on disappointing earnings from blue chips Citigroup Inc. and General Electric Co. and a spike in oil caused by geopolitical tensions. The Australian share market remained in positive territory on Friday thanks to the ... |
| | | | ... inherent weaknesses of the industry however, many companies remain vulnerable to a change in industry conditions. An unexpected spike in interest rates or unemployment, deterioration in property prices, or a more general economic downturn, will take ... |
| | | | ... million barrels a day. Fears of another production calamity in the Gulf of Mexico due to 'Hurricane Rita' threatened another spike in oil prices. Nonetheless, prices eased late last week as the hurricane weakened and changed course. This week, markets ... |
| | | | ... optimism generated by some big merger news and the April sales of McDonald's Corp. helped Wall Street's mood. However, a spike in crude oil prices to above $52 a barrel limited gains. On the local front attention is focused on the federal budget, due ... |
| | | | Australian shares are expected to head lower this morning following heavy falls in the US overnight in the wake of a spike in oil futures. Locally Coles Myer Ltd releases its interim results today, as does Dairy Farmers interim result and Oroton Group. ... |
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