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Rates hit six year lows

02 Dec 2008, 1:48PM

The Reserve Bank of Australia has cut interest rates by a full 100 basis points, bringing the cash rate to 4.25 per cent. Read more

Aussie stocks down at noon

Australian stocks have continued their slide.

02 Dec 2008, 12:55PM

The Australian sharemarket was down nearly three per cent at noon, with the big miners weighing on the local bourse.
 Read more

US in 'recession' since 2007

An economic panel has revealed the US is now another country to officially join the list of recession nations

02 Dec 2008, 10:06AM

An economic panel has revealed the US is now another country to officially join the list of recession nations.  Read more

More stimulus action next year: Rudd

02 Dec 2008, 12:53PM

The federal government is planning more fiscal stimulus action next year aimed at keeping the economy in the black, PM Kevin Rudd has told Labor MPs.  Read more

Oil tumbles below $50 on weak data

Oil prices have dipped amid news the US economy is in recession

02 Dec 2008, 8:54AM

Oil prices have tumbled below $US50 a barrel, as manufacturing activity in the US hit a 26-year low.  Read more

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Stores court shoppers on Black Friday

29 Nov 2008, 4:22AM

NEW YORK (Reuters) - Shoppers turned up early for holiday sales at stores on Friday, but the annual pilgrimage appeared thinner this year and many consumers vowed to spend less due to a shrinking economy. Read more

Asia stocks up for 5th day on lower China rates

27 Nov 2008, 6:25PM

HONG KONG (Reuters) - Asia stocks posted a fifth day of gains on Thursday, supported by hopes that policy action will ultimately prevail after China slashed borrowing costs, though U.S. data underscored the scale of the global slowdown. Read more

EU, world governments unveil billions in bailouts

27 Nov 2008, 9:37AM

Leaders of world economies large and small are forking out stimulus packages as markets struggle.
Read more

US retail grimmest in seven years

27 Nov 2008, 1:37AM

US commerce figures show spending rate and orders fell at fastest rate for seven years last month. Read more

Toyota debt rating cut, Suzuki holds out hope for GM

26 Nov 2008, 7:02PM

TOKYO (Reuters) - Toyota Motor Corp <7203.T> had its top-notch credit ratings cut for the first time in a decade, hitting its shares and raising borrowing costs as an unprecedented slowdown reshapes the global auto industry. Read more

Goldman breaks off talks with Panasonic

26 Nov 2008, 11:38AM

Goldman Sachs says it's broken off talks with Panasonic Corp on the possible sale of Goldman's stake in Sanyo Electric.
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AIG chief to get paid $1 this year

26 Nov 2008, 9:10AM

American International Group Inc says it is limiting how much it pays top executives, including a $US1 salary for this year and the next to chief executive Edward Liddy. Read more

BHP Billiton drops Rio Tinto takeover bid

26 Nov 2008, 7:36AM

The world's biggest miner BHP Billiton has dropped its controversial hostile takeover bid for rival Rio Tinto because of the global economic crisis. Read more

NY Fed moving ahead to seek Geithner replacement

26 Nov 2008, 3:09AM

NEW YORK (Reuters) - The New York Federal Reserve's board of directors is moving ahead "with prudent expedition" in finding a replacement for departing president Timothy Geithner, the head of the search committee told Reuters on Tuesday. Read more

Taking drag on stocks

26 Nov 2008, 2:58AM

Stocks lost more ground on Tuesday, sending the Nasdaq down more than 1 percent, as concerns about the deepening economic downturn drove a sell-off in technology shares and investors followed up two days of steep gains by taking profits off the table. Read more