THE share market remained weak at noon despite a minor recovery from an early slump following Wall St lowest close since 2003.
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THE dollar was weaker at noon as a dive on Wall Street to five-year lows and a record fall in US inflation kicked risk-driven currencies.
THE share market has opened sharply lower this morning after Wall St fell more than 5 per cent overnight.
THE share market is in for another rough day today after US stocks took a pummelling overnight.
US stocks sank overnight after gloomy data underlined the deepening troubles in the world’s largest economy, with the Federal Reserve admitting the potential for a long recession.
OIL prices dropped overnight, with Brent crude falling close to $US50 a barrel, as weak energy demand and the global credit crunch pressured the market.
SHAREHOLDERS of British bank Lloyds TSB have backed the takeover of troubled rival HBOS and a recapitalisation that will hand the British government a key stake.
AUSTRALIA risks sinking into recession early next year after a “very disturbing” slide in expectation for economic growth, according to a report from Westpac.
NATIONAL Australia Bank pulled the plug last night on the second childcare group to collapse in as many weeks, putting Canberra under pressure to launch another bailout.
SOL Trujillo says Telstra’s board has heeded last year’s investor backlash over the telco’s remuneration report.
