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Economics

Carbon assets in valuation freefall

ALEX DUNNIN  |  THURSDAY, 8 MAY 2008
The NSW government's decision to sell its coal burning power stations before they lose all their value highlights how deeply our national focus on carbon reduction will impact the economy.

Market Wrap - Morning

AAP  |  THURSDAY, 8 MAY 2008
The Australian stock market is expected to open lower following a sell off on Wall Street and drops in base metals prices in London overnight.

Market wrap - midday

AAP  |  WEDNESDAY, 7 MAY 2008
The Australian stock market was higher at noon, driven by gains in local resource stocks on the back of a positive night on Wall St.

Goods and services trade deficit narrows to $2.7b

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2008
Australia's favourable terms of trade metrics is finally counting for something as the balance on goods and services numbers improved by $525 million in March.

Market Wrap - Morning

AAP  |  WEDNESDAY, 7 MAY 2008
The Australian stock market is expected to open firmer on the back of a positive finish on Wall Street overnight and a surge in metals prices.

Market Wrap - Midday

AAP  |  TUESDAY, 6 MAY 2008
The Australian stock market was lower at noon led by the banks and a potential interest rate rise, although the resources sector provided some buoyancy.

India to ban food futures

ALEX DUNNIN  |  TUESDAY, 6 MAY 2008
Growing fears that hedge funds and arbitrage markets are playing a disproportionate role in driving up soft commodity prices is prompting the Indian government to consider a ban on food futures.

Market Wrap - Morning

AAP  |  TUESDAY, 6 MAY 2008
The Australian stock market is expected to open lower on the back of a negative finish on Wall Street overnight.

Market wrap - midday

AAP  |  MONDAY, 5 MAY 2008
Resource and energy stocks buoyed the Australian stock market in the black at noon on climbing oil prices and takeover talks amid global miners BHP Billiton and Rio Tinto.

Retail spending is not slowing

ALEX DUNNIN  |  MONDAY, 5 MAY 2008
The economy continues to send mixed signals with the latest retail trade figures showing that despite confidence falling and concerns over credit rising we are yet to slow down our spending.