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Economics

Now for the denominator

BENJAMIN ONG  |  TUESDAY, 2 AUG 2011
As hard as national fiscal managers the world over tries to reduce the numerator (debt), it'd make no difference if this is offset by a diminishing in the denominator (GDP) as well.

Market Wrap - Morning

AAP  |  TUESDAY, 2 AUG 2011
The Australian share market is expected to decline following falls on Wall Street overnight on scepticism about the deal to resolve the US debt crisis.

Market Wrap - Midday

AAP  |  MONDAY, 1 AUG 2011
Australian shares are soaring after the United States avoided a debt default with an eleventh hour agreement to cut its deficit.

Market Wrap - Morning

AAP  |  MONDAY, 1 AUG 2011
Australian shares may decline slightly after US stocks fell on Friday as talks to reach an agreement over the US debt ceiling continued to feed market uncertainty.

It's a deal

BENJAMIN ONG  |  MONDAY, 1 AUG 2011
Deal! This single word was music to the ears of investors everywhere.

Market Wrap - Midday

AAP  |  FRIDAY, 29 JUL 2011
Australian shares were lower at noon as US politicians continue to squabble over how to resolve their country's debt issues.

Complicating the simple

BENJAMIN ONG  |  FRIDAY, 29 JUL 2011
"Increasing America's overdraft beyond $14.3 trillion should have been relatively simple."

Market Wrap - Morning

AAP  |  FRIDAY, 29 JUL 2011
The Australian stock market is expected to open lower today, after US markets fell for the fifth straight day while the US searches for a solution to its debt crisis.

Market Wrap - Midday

AAP  |  THURSDAY, 28 JUL 2011
The Australian share market remains lower as fears over a pending US sovereign debt default pulled Asia markets down, with all local sectors trading in the red.

Market Wrap - Morning

AAP  |  THURSDAY, 28 JUL 2011
The Australian dollar set a new record overnight but drifted lower in the early morning session, on renewed concern about Europe's debt crisis.