Tag: Economic Trends
UK bank cuts rates to record low
The Bank of England has cut interest rates to the lowest level in its 300-year history.[MORE]
Housing approvals slump fuels rate cut speculation
Expectations are firming for another big interest rate cut next month after a sharper-than-expected economic deterioration.[MORE]
Housing approvals down almost 13pc in November
The number of homes approved for construction dived by nearly 13 per cent in November.[MORE]
Americans 'too depressed' for sex, porn barons seek US bailout
Two porn moguls, including Hustler magazine founder Larry Flynt, are seeking a $US5 billion ($7 billion) bailout from Washington, arguing that the limp US economy has thrown cold water on the adult entertainment industry.[MORE]
Resources sector dragging market down
The Australian share market is continuing to slide, with falls in the resources sector deepening.[MORE]
Construction activity still declining
The outlook for employment in Australia's building industry has received another blow, with figures showing declines in construction activity for a 10th straight month.[MORE]
Wall Street plunges after heavy job falls
Stocks on Wall Street plunged overnight after a report showing a bigger-than-anticipated fall in private sector jobs fuelled fears of deeper economic turmoil.[MORE]
US Budget deficit to exceed $1.6 trillion: Congress
The US Budget deficit will swell to an unprecedented $1.6 trillion this year as the economic recession continues.[MORE]
Burrow dismisses Gillard's wage restraint call
Sharan Burrow has dismissed a Federal Government call for pay rise restraint.[MORE]
China's New Year travel rush starts early
China's annual travel rush over the Lunar New Year has begun early, partly because of the country's economic woes.[MORE]
Mining union warns of more industrial fights ahead
A mining union warns of more industrial disputes because of the global economic crisis.[MORE]
Another British retailer goes to the wall
There have been more casualties of the financial crisis announced in Britain overnight, with one of the country's oldest clothing retailers placed in administration.[MORE]
Mine shifts go to make way for redundant workers
The mining company planning to close a central Queensland coal mine says it is being forced to stand down shifts at another site because it needs to transfer workers.[MORE]
New home sales down 1pc in November: survey
An industry survey of 100 residential builders has found that new home sales fell by more than 1 per cent in November last year.[MORE]
Retail figures buck predicted fall
There was a small rise in retail sales in November, despite predictions activity would fall.[MORE]
Sacked Qld miners sweat on arbitration hearing outcome
An arbitration hearing on mining job cuts in central Qld continues in Brisbane today.[MORE]
Eurozone inflation hits low as service sector slumps
Inflation in the euro countries slumped in December to 1.6 per cent, the lowest in over two years, from 2.1 per cent in November, according to an estimate from the EU's Eurostat data agency.[MORE]
SA Govt partnerships under scrutiny
South Australian Opposition Leader Martin Hamilton-Smith is urging the State Government to reveal the financial position of private companies with which it has business involvements.[MORE]
Bishop urges banks to pass rate cuts on to business
Deputy Federal Opposition Leader Julie Bishop has joined business leaders in calling for banks to pass on the full amount of recent interest rate cuts.[MORE]
Market ends higher after widespread gains
The Australian share market enjoyed a boost in Tuesday's trade with significant gains recorded in the finance, resources and telecommunications sectors.[MORE]
Finance, resource sectors drive market higher
Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.[MORE]
Mining heavyweights restart talks over Qld job losses
Mining company Xstrata and the mining union are back in the Industrial Relations Commission (IRC) in Brisbane over the axing of jobs at a central Queensland mine.[MORE]
Cairns council financially prepared for 2009: mayor
The Cairns Regional Council Mayor Val Schier says the council is in a good financial position for 2009. [MORE]
Obama demands bold stimulus package action
US President-elect Barack Obama is demanding bold action from Congress on his expensive stimulus plan, warning there will be more damage to the US economy if it fails to act swiftly.[MORE]
Domestic car sales topped 1m in 2008
Car sales fell more than 11 per cent in December but Australians still purchased more than 1 million new vehicles in 2008.[MORE]
