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Economics

The day the earth moved

BENJAMIN ONG  |  MONDAY, 14 MAR 2011
Calamities are sad and frightful when they strike but the impact on overall economic activity had almost always been temporary.

Market Wrap - Midday

AAP  |  FRIDAY, 11 MAR 2011
The Australian share market is heading for its heaviest weekly fall in about nine months, with further falls on Friday due to rising oil prices and disappointing economic data from the United States and China.

Oil outlook flips on economy flop

BENJAMIN ONG  |  FRIDAY, 11 MAR 2011
Equity markets fell as oil prices declined despite crude oil looking like it won't hold above US$100 after all, let alone US$300. It's been flipped on its back.

Market Wrap - Morning

AAP  |  FRIDAY, 11 MAR 2011
The Australian market is receiving strong, negative leads from offshore trading overnight, with foreign markets spooked by the crisis in Libya, and poor data from China, the US and Spain.

Market Wrap - Midday

AAP  |  THURSDAY, 10 MAR 2011
The Australian dollar has risen a third of a US cent, as the market digests mixed local employment figures.

Oil central bank

BENJAMIN ONG  |  THURSDAY, 10 MAR 2011
Saudi Arabia could be the tipping point - it now embodies both the hope and the risk for oil and the global economy.

Market Wrap - Morning

AAP  |  THURSDAY, 10 MAR 2011
The Australian market is receiving mixed leads from offshore trading overnight, with Wall Street's key indices flat, while precious metals were higher and oil eased.

Market Wrap - Midday

AAP  |  WEDNESDAY, 9 MAR 2011
The Australian dollar has fallen almost half a US cent following disappointing housing finance data and a soft consumer sentiment survey.

Oil at US$300

BENJAMIN ONG  |  WEDNESDAY, 9 MAR 2011
That's why OPEC is in a frenzy trying to broker a deal with Qaddafi. They don't want prices to stay high for longer. They want to keep the world hooked on oil before the world finds substitutes.

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 MAR 2011
The Australian sharemarket has received positive leads from US equity markets, although declines in the precious metal and oil markets may drag on some stocks.