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Economics

Market wrap - midday

AAP  |  WEDNESDAY, 12 DEC 2007
The Australian share market remained one per cent weaker at noon, following Wall Street's disappointment over a smaller-than-expected interest rate cut by the US central bank.

US-Aust rates spread widens to 250 bps

ALEX DUNNIN  |  WEDNESDAY, 12 DEC 2007
The US cut in interest rates to just 4.25 per cent pushes the differential against Aussie rates to a near record high of 250 basis points and signals more turbulence for the AUD and jittery world share markets.

Market Wrap - Morning

AAP  |  WEDNESDAY, 12 DEC 2007
The Australian stock market is expected to open lower after US stocks slumped following the Federal Reserve's decision to cut interest rates by a quarter point to 4.25 per cent, disappointing investors who had hoped for a more aggressive reduction.

Market Wrap - Midday

AAP  |  TUESDAY, 11 DEC 2007
The Australian stock market was higher at noon after New York rallied, led by bank and building stocks, as the latest cash infusions into battered financial firms, including Swiss bank UBS, eased credit concerns.

Singapore and ME fund swoop on UBS

WWW.THESHEET.COM  |  TUESDAY, 11 DEC 2007
Government of Singapore Investment Corp and an unidentified Middle Eastern investor (rumoured to be a state controlled fund from Oman) have chipped in $11.6 billion in capital into UBS to lift it out of the sub-prime funding jungle.

Market Wrap - Morning

AAP  |  TUESDAY, 11 DEC 2007
The Australian stock market is expected to open higher after US stocks advanced on Monday as investors snapped up beaten-down financial shares on news of the latest injection of funds into a major global bank.

Market Wrap - Midday

AAP  |  MONDAY, 10 DEC 2007
The Australian market was down at noon as weakness in the banking sector offset modest gains by the big miners.

BRICs to surge as G7 slows

ALEX DUNNIN  |  MONDAY, 10 DEC 2007
While developing countries like China and India are set for continued strong economic growth, developed countries should brace for a slowdown, albeit a moderate one, said the OECD.

Market Wrap - Morning

AAP  |  MONDAY, 10 DEC 2007
The Australian stock market is expected to open flat today after Friday's lacklustre session on Wall Street and as investors sit tight ahead of a US Federal Reserve meeting this week.

Not much of a fix from the freeze

WWW.THESHEET.COM  |  FRIDAY, 7 DEC 2007
There may still be plenty of questions over the virtue and mechanics of the planned "freezing" of loan interest rates for several hundred thousand distressed home loan borrowers in the US.