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US jobless rate hits 10.2%
The jump in US unemployment above 10 per cent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts...
- AAP Saturday November 7, 05:50 PM -
Prius top car in Japan for sixth month
Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an...
- AAP Saturday November 7, 01:10 PM -
Freddie Mac loses $US6.3b in Q3
US mortgage finance giant Freddie Mac said on Friday it lost .3 billion (.91 billion) for shareholders in the third quarter but would not seek any additional bailout funds from the...
- AAP Saturday November 7, 12:24 PM -
Oil prices fall on US unemployment data
Oil prices tumbled on Friday after the government said the US unemployment rate topped 10 per cent for the first time since 1983.Benchmark crude for December delivery gave up $2.74 to trade at $76.88...
- AAP Saturday November 7, 09:54 AM -
US sanctions target Iran bank subsidiary
The US has imposed sanctions on the Malaysian subsidiary of Iran's Bank Mellat, saying it helped finance "proliferators of weapons of mass destruction".The Treasury Department named the...
- AAP Saturday November 7, 09:23 AM -
Economic recovery signals strong: OECD
Green shoots of recovery are beginning to look like strong sapplings of growth, with indicators pulling strongly ahead in China, Britain, France and Italy the OECD said on Friday."A recovery is...
- AAP Saturday November 7, 09:14 AM -
Gold price hits new record at $US1100
The price of gold hit a record high above () an ounce in trading on Friday following a report that Sri Lanka had joined India in buying the precious metal in favour of US...
- AAP Saturday November 7, 08:40 AM -
AIG posts profit of $US455 million
Bailed-out insurance giant AIG has announced a third-quarter profit of million (.3 million), a huge turnaround from a .4 billion (.8 billion) loss in the same period last...
- AAP Saturday November 7, 08:38 AM -
Royal Bank of Scotland cites sharp loss
Royal Bank of Scotland reported a net quarterly loss of STG1.8 billion (.28 billion) on Friday and said it expected a slow recovery, despite massive state support.The announcement comes just days...
- AAP Saturday November 7, 08:14 AM -
Canadian unemployment rises to 8.6%
The Canadian unemployment rate rose to 8.6 per cent in October, the first rise in two months, as the economy shed 43,000 part-time jobs, official data showed on Friday.Statistics Canada said the rise...
- AAP Saturday November 7, 08:02 AM -
RBA deputy says China fears overblown
Reserve Bank of Australia (RBA) deputy governor Ric Battellino says fears about Chinese investment are overblown.He says that while China has figured prominently in the public consciousness regarding...
- AAP Friday November 6, 10:51 PM -
Fat Prophets issues warning on recovery
Fund manager Fat Prophets Australia Fund warns there is an air of false euphoria about the recent share market recovery, given there are still large debts which aren't matched by the underlying...
- AAP Friday November 6, 09:39 PM -
Cazaly re-names Hamersley project
Cazaly Resources Ltd has re-named its Hamersley project in Western Australia's Pilbara region after a feisty AFL footballer to distance the junior iron ore explorer from any association with its...
- AAP Friday November 6, 09:38 PM -
Canadians set to raise Transurban offer
Transurban Group investors should ready themselves for a higher takeover bid from two Canadian pension funds before the end of the year, analysts say.Transurban has knocked back a bid that valued it...
- AAP Friday November 6, 09:34 PM -
Firepower boss surrenders passport
Discredited Firepower boss Tim Johnston has surrendered his passport, complying with a Federal Court order, after he was slapped with a travel ban during a surprise visit in Australia.The formerly...
- AAP Friday November 6, 09:32 PM
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