Tag: International Financial Crisis
US jobless rate edges up in August
US president Barack Obama has promised new stimulus measures after a weak August jobs report showed unemployment has increased slightly.[MORE]
Britain no basket case says trade envoy
A British trade envoy says the UK is open for business, despite continuing concerns about the health of its economy.[MORE]
Sluggish winter for services sector
Activity in Australia's services sector shrank for the fourth month in a row in August, with another slide in retail.[MORE]
Trade surplus disappoints
Australia has recorded its fourth straight trade surplus, but the result came in below even the lowest economist forecast.[MORE]
Strong GDP shows stimulus can stop: economist
A leading economist says yesterday's stronger than expected economic growth figures make a reasonable case for stimulus spending to be stopped.[MORE]
Election uncertainty hurts manufacturing
The pace of growth in Australia's manufacturing industry slowed in August, partly due to uncertainty around the election outcome.[MORE]
Australia posts smallest deficit in 8 years
Australia has recorded its smallest current account deficit since the first quarter of 2002, as commodity exports boost earnings.[MORE]
Retail and building bounce offset stagnant lending
A surprise bounce in retail sales and building approvals has boosted optimism about Australia's economy on financial markets.[MORE]
Home prices stabilise after surprise fall
Australian home prices have stabilised in July, after falling for the first time in 17 months in June.[MORE]
'The end is always near' Reserve warns
A senior RBA official quoted The Doors to explain the role of unexpected events in the global financial crisis.[MORE]
Obama fails to ease market jitters
US president Barack Obama has tried to calm jittery markets by promising new measures to keep the US economy moving.[MORE]
Bank of Japan acts on strong yen
The Bank of Japan has responded to government pressure to counter a strong yen by extending a multi-billion-dollar loan program, but the move has been viewed with disappointment by markets.[MORE]
Two-speed economy brings a two-speed polity
Australia's hung Parliament reflects the post-GFC divisions that are now haunting the world.[MORE]
Wall Street rallies after Bernanke speech
Wall Street has rallied after Federal Reserve chief Ben Bernanke offered reassurances the US central bank was ready to step in if the economy faltered.[MORE]
Economists upbeat at British growth figures
Economic growth in Britain has grown at its fastest pace in nine years, going up by 1.2 per cent in the second quarter.[MORE]
Bernanke confident despite sluggish US growth
US Federal Reserve chairman Ben Bernanke has acknowledged that the country's economic recovery is slower than expected.[MORE]
Harvey Norman profits despite year of 'two halves'
Furniture and electronics retailer Harvey Norman has announced an 8 per cent increase in its full-year profit.[MORE]
Fairfax flags online charges despite return to profit
Fairfax has indicated it will start charging for access to its online news content as part of its growth strategy for the next few years.[MORE]
Business investment fall dampens growth prospects
There has been a surprise fall in business investment, boding poorly for next week's economic growth figures.[MORE]
Ireland's credit rating downgraded
Leading ratings agency Standard and Poor's has lowered Ireland's credit standing to AA minus.[MORE]
Private sector boosts building work done
There has been a better than expected improvement in the amount of work done by the construction sector in the second quarter.[MORE]
Falling US home sales increase recession fears
There was more bad economic news out of America, with sales of existing homes in July falling to their lowest level in a decade.[MORE]
Seek finds profit rise
Jobs website Seek has revealed a 62 per cent rise in its full-year profit to $89.5 million, which beat market estimates.[MORE]
Flight centre profit surges, despite falling sales value
Australia's largest travel agency chain Flight Centre has seen its full-year profit more than triple, and expects earnings to grow even further in the current year.[MORE]
Reserve hails 20 years of economic growth
The RBA says economic reforms over the past 30 years have made Australia a world-beating economy.[MORE]
