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FINANCE 
Traders work on the main floor at the BM&F Bovespa Stock Exchange in Sao Paulo, Brazil. (AAP)
Global stocks soar for second day
Stock markets have soared for a second day running, with Tokyo posting its biggest-ever gain after governments worldwide threw lifelines to ailing banks amid the worst financial crisis of the past century. read more...
YOUR SAY...
HOW REASSURED ARE YOU BY THE GOVERNMENT'S GUARANTEE ON BANK DEPOSITS?
Paul from Canberra says:The government's guarantee on bank deposits is a populist gesture that has been offered only after Rudd has himself been guaranteed by Swan that no bailouts will actually need to be provided to Australian banks. Rudd will not need to deliver on the guarantee because our economy is less...
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Positive reaction to Rudd bailout
Business and government sectors have reacted positively to the Rudd governments’ 10.4 billion finance package read more...
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Aussie stocks soar on Wall St surge
The Australian share market jumped higher for the second day after the US and European governments moved to guarantee banking systems, lifting investor confidence. read more...
Turnbull backs Rudd's $10.4 billion package
Tuesday, 14th October,2008Federal Opposition Leader Malcolm Turnbull has thrown his support behind the government's $10.4 billion package to protect the economy from a damaging slowdown as a result of the global economic crisis. read more...
Credit crunches romance
Tuesday, 14th October,2008Financial pressures are having a major impact on people's relationships in Australia, a study has shown.
More on the credit crunch read more...
Rudd unveils package to stimulate economy
Tuesday, 14th October,2008The federal government has announced a $10.4 billion package to help Australia counter the global economic crisis. read more...
Rudd flags economy rescue plan
Tuesday, 14th October,2008The federal government may pay stamp duty for home buyers, and make one-off cash payments to pensioners, as it uses the $21.7 billion surplus to stop the economy sliding into recession. read more...
Aussie dollar firmer at noon on banks guarantee
Tuesday, 14th October,2008The Australian dollar was six per cent firmer at noon as a record points gain on Wall Street sparked a flurry of demand for high-yielding currencies. read more...
Markets bounce as Europe unveils crisis packages
Tuesday, 14th October,2008Global stock markets have staged spectacular gains as governments pumped billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors into buying shares. read more...
Bush critic wins Nobel Economics Prize
Tuesday, 14th October,2008US economist Paul Krugman, a fierce critic of President George W Bush's handling of the global financial crisis, has won the 2008 Nobel Economics Prize. read more...
Global shares soar on fresh government intervention
Monday, 13th October,2008Global stocks leapt, with 6.0 per cent gains in Europe and 10 per cent in Hong Kong early today, in a sharp rally of relief after world leaders agreed to pump billions of extra dollars into banks crippled by the credit crunch. read more...
Australia to avoid recession: gov't
Monday, 13th October,2008Australia is not facing a recession but the global financial crisis will impact its economy, which has enjoyed more than a decade of strong growth, Assistant Treasurer Chris Bowen said. read more...
Arroyo faces new impeachment attempt
Opponents of the Philippine president have filed a new impeachment complaint against her over alleged corruption, vote-rigging and other crimes. read more...
The fall of the Aussie dollar explained
Monday, 13th October,2008The dollar has fallen by about 30 per cent since its peak in mid-July of about 98.49 US cents. So why is the Australian dollar so volatile? What determines its fickle fluctuations? read more...
Rescue efforts boost Aussie market
Monday, 13th October,2008The share market has received an early bounce after trading opened this morning, after rescue efforts over the weekend appeared to boost confidence. read more...
Liberals back Rudd's bank guarantee
Monday, 13th October,2008Opposition Leader Malcolm Turnbull has welcomed the government's guarantee on bank deposits and promised to help ensure the passage of any necessary legislation through the parliament. read more...
Housing prices 'not safe'
Monday, 13th October,2008Housing prices could be the latest sector hit by the global financial crisis, Prime Minister Kevin Rudd has conceded. read more...
European leaders agree on banks rescue plan
Monday, 13th October,2008European Union leaders on Sunday hammered out a plan to confront the financial crisis which will involve hundreds of billions of dollars of new initiatives to head off a feared "meltdown". read more...