Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Economics

Head or tails?

BENJAMIN ONG  |  WEDNESDAY, 1 OCT 2008
Heads, you lose US$1 trillion. Tails, you lose US$700 billion. This is the stark choice that stares the US Congress in the face after seeing the market pandemonium that followed their rejection of the Treasury/Federal Reserve's bail-out package.

Market Wrap - Morning

AAP  |  WEDNESDAY, 1 OCT 2008
Australian stocks are expected to show a stronger performance today, following a stronger performance on Wall Street overnight.

Market Wrap - Midday

AAP  |  TUESDAY, 30 SEP 2008
The Australian stock market had lost about $45 billion in value by noon, after Wall Street went into convulsions overnight following the rejection by lawmakers of a massive rescue of the US financial system.

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
In rejecting the bail-out package, the US Congress indicated that it was not totally convinced by the US Treasury and the Federal Reserve's doomsday scenario. Last night's market action gave them a tangible taste of what was to come.

Market Wrap - Morning

AAP  |  TUESDAY, 30 SEP 2008
Stocks listed on the Australian Securities Exchange could be in for a shellacking today, led down by the financial and resources sectors, after the US House of Representatives rejected a $US700 billion rescue package this morning.

Market Wrap - Midday

AAP  |  MONDAY, 29 SEP 2008
The Australian stock market had moved into the red by noon, dragged lower by the big miners and most of the major banks, while the local market digested news of the agreement reached in the US on the Wall Street bailout.

Emergency Economic Stabilization Act of 2008

BENJAMIN ONG  |  MONDAY, 29 SEP 2008
The passage of the Emergency Stabilization Act of 2008 will provide a welcome relief to the financial markets. However, it may have come a bit late to turn the tide towards an economic recession that has increased in impetus in recent months.

Market Wrap - Morning

AAP  |  MONDAY, 29 SEP 2008
The Australian stock market generally has received positive leads from Wall Street, particularly with news this morning that US congressmen have reached agreement on a rescue package for US financial institutions.

Market Wrap - Midday

AAP  |  FRIDAY, 26 SEP 2008
The Australian stock market kept its head above water at noon, with banking and consumer staples stocks performing well and the materials sector was weaker.

Global recession coming?

BENJAMIN ONG  |  FRIDAY, 26 SEP 2008
Equity markets closed higher overnight following reports that the US Congress is close to approving the package. But while Wall Street watches the discussions on Capitol Hill, other things are unfolding elsewhere. And these are not good news.