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Economics

Market Wrap - Midday

AAP  |  TUESDAY, 16 OCT 2007
The Australian sharemarket continued in the red at noon following a poor performance on Wall Street as US stocks were hammered by record high oil prices and a weak earnings report from Citigroup.

Another rabbit out of the hat

SUZY MAC  |  TUESDAY, 16 OCT 2007
On day one of the 'official' election campaign, the Howard government pulled one big rabbit out of the campaign hat with yet more tax cuts, this time to the tune of $34 billion over the next three years.

Comm Hotel property fund bags sustainability award

A Queensland hotel owned by the Commonwealth Property Hotel Fund has won an international award for its sustainability initiatives.

Market Wrap - Midday

AAP  |  TUESDAY, 16 OCT 2007
SYDNEY - The Australian stock market is likely to open weaker this morning following a poor performance on Wall Street as US stocks were hammered by record high oil prices and the financials were hurt after Citigroup revealed a weak earnings report.

Market Wrap - Midday

CHRIS NICHOLLS  |  MONDAY, 15 OCT 2007
The Australian share market had given up this morning's gains to be only marginally ahead at noon after AGL Energy tumbled on a profit warning and Publishing and Broadcasting Ltd announced it had delayed a demerger over its tax implications.

Under-building down under

SUZY MAC  |  MONDAY, 15 OCT 2007
While the sub-prime meltdown has left the US economy bruised with housing oversupplied and house prices soggy, Australian housing is suffering from supply shortages and prices going through the roof.

Market wrap - morning

AAP  |  MONDAY, 15 OCT 2007
The Australian dollar opened at its strongest level since 1984 today to start the week well above 90 US cents as an optimistic outlook for the global economy fuelled demand for high interest rate currencies.

Market Wrap - Midday

AAP  |  FRIDAY, 12 OCT 2007
The Australian share market remained lower at noon but gains in large local resource stocks minimised the impact of a negative lead from Wall Street.

Billionaire bull run

SUZY MAC  |  FRIDAY, 12 OCT 2007
The rich just get richer and along with the rest of the world, China's billionaire numbers are burgeoning, but the offshoot of this global bull-run on billionaires is a butler bear market.

Market Wrap - Morning

AAP  |  FRIDAY, 12 OCT 2007
The Australian stock market has received a mixed lead from overnight trading overseas, buoyed by oil, gold and other precious metals which surged, but weighed by a weak lead from Wall Street securities.