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Economics

Damned to default

BENJAMIN ONG  |  TUESDAY, 13 SEP 2011
There's no question in my mind that Greece will default unless of course, the ECB, the EU and the IMF showers it with more money and/or holders of Greek bonds forgive its debts.

Market Wrap - Morning

AAP  |  TUESDAY, 13 SEP 2011
The Australian market looks set to open higher after Wall Street rebounded from early losses to finish up, despite European and Asian markets earlier closing lower.

Market Wrap - Midday

AAP  |  MONDAY, 12 SEP 2011
Australian shares retained early losses at noon after the market opened almost three per cent lower due to investor fears on the European debt crisis.

Not looking good

BENJAMIN ONG  |  MONDAY, 12 SEP 2011
In times like these, the prudent thing to do is to stay on the defensive until visibility becomes clearer and fiscal and monetary authorities are able to take concrete, credible and concerted steps that would reverse the current gloomy state in the financial ...

Market Wrap - Morning

AAP  |  MONDAY, 12 SEP 2011
US stocks plunged on Friday, with the Dow Jones Industrial Average sliding more than 300 points, as global stock markets were stung by fresh anxiety in the eurozone over Greece's bailout.

Market Wrap - Midday

AAP  |  FRIDAY, 9 SEP 2011
The Australian share market was higher at noon, extending gains from early trade after US President Barack Obama delivered a highly-anticipated speech on his plan to stimulate the US economy.

Investors look for business activity signals

ALEX DUNNIN  |  FRIDAY, 9 SEP 2011
Investors able to separate stock price volatility signals from a company's underlying business activity will find the Australian share market a fertile place, said Goldman Sachs yesterday in an upbeat assessment of the local bourse.

Market Wrap - Morning

AAP  |  FRIDAY, 9 SEP 2011
The Australian market looks set to open flat, continuing Thursday's late trend and after falls on overseas markets.

Market Wrap - Midday

AAP  |  THURSDAY, 8 SEP 2011
Australian stocks were flat at noon after disappointing jobs data prompted a selloff that left the market briefly in red figures.

Obama punts on US$300bn jobs package

ALEX DUNNIN  |  THURSDAY, 8 SEP 2011
US president Barrack Obama has defied critics who thought his climbdown last month with Congress over the debt ceiling would make him gun-shy, by proposing a jobs stimulus package that is nearly as big as the entire Australian commonwealth annual budget.