AAP
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World markets suffer fresh mauling
World markets suffered massive losses on Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.London,...
- AAP Tuesday October 7, 12:30 AM -
Oil falls below $US90 a barrel
Oil prices fell to an 8-month low below US$90 a barrel on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil.Light, sweet crude...
- AAP Monday October 6, 10:18 PM -
Heinz bids $288m for Golden Circle
The Queensland food and beverage icon, Golden Circle, looks set to be taken over by US food giant HJ Heinz Company.The manufacturer of Heinz ketchup has launched a $288 million takeover bid for...
- AAP Monday October 6, 09:56 PM -
Rio Tinto train drivers set to strike
Mining giant Rio Tinto faces the first industrial action at its Pilbara operations in Western Australia since 1992 when its train drivers are expected to walk off the job for 12 hours on Saturday.The...
- AAP Monday October 6, 09:42 PM -
Chinese insurer to record US$2.3b loss
China's Ping An Insurance Co will record a .3 billion ( billion) loss on its stake in troubled European bank Fortis NV, in the biggest blow yet to a Chinese institution from the global...
- AAP Monday October 6, 09:09 PM -
Suncorp confirms acquisition interest
Shares in Suncorp Metway and QBE Insurance were rare bright spots on an otherwise gloomy day for the sharemarket after the banking and insurance group confirmed it was in talks to offload its banking...
- AAP Monday October 6, 08:44 PM -
Paladin gets okay for NT uranium project
Paladin Energy has been granted an exploration licence by the Northern Territory government to explore at the Angela/Pamela uranium deposit, but the company says it will be several years before it...
- AAP Monday October 6, 08:24 PM -
Business gloomy about December quarter
Business executives are gloomy about the prospects for their companies as they expect a slump in sales and profits over the December quarter that may lead to job cuts.The latest Dun & Bradstreet...
- AAP Monday October 6, 07:08 PM -
UCMS loses Telstra contract
Call centre operator UCMS Group Ltd has lost a contract to provide sales support to Telstra but secured a $9 million contract with a major financial firm to contact customers who have overdue...
- AAP Monday October 6, 05:45 PM -
Wells Fargo wins appeal over Wachovia
The battle over troubled lender Wachovia has heated up after bank Wells Fargo & Co secured a court ruling overturning an earlier injunction halting their proposed merger.The injunction had been...
- AAP Monday October 6, 05:33 PM -
Big interest rate cut tipped
Home borrowers are tipped to see the biggest rate cut in seven years on Tuesday as global financial market turmoil puts pressure on bank funding costs.But a 50 basis point rate cut from the Reserve...
- AAP Monday October 6, 05:10 PM -
Rescue package agreed for German bank
Germany has sealed a public-private rescue plan for the country's fourth biggest bank as the government extended a blanket guarantee for all personal bank deposits to avert panic withdrawals.On a...
- AAP Monday October 6, 04:15 PM -
Ad market set to go from bad to worse
The Australian advertising market is expected to go from bad to worse this financial year against a backdrop of a slowing consumer economy and volatility in global financial markets, analysts...
- AAP Monday October 6, 03:41 PM -
BNP Paribas takes control of Fortis
BNP Paribas has announced it is taking control of ailing finance group Fortis's operations in Belgium and Luxembourg, in a deal which will make Belgium the largest shareholder in the French...
- AAP Monday October 6, 03:32 PM -
Credit crisis hurting US auto dealers
Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across America, with potential buyers...
- AAP Monday October 6, 02:59 PM
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