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Wednesday, 17 Dec 2008

International

Oz Minerals sheds 135 jobs

AAP

Australia's largest zinc miner has sacked 135 workers at a north-west Queensland mine.

More banks embroiled in Madoff scandal

Reuters

Banks and investment funds across the world have lined up to admit investing billions of dollars in the companies of Bernard Madoff, whom US authorities accused of masterminding a massive fraud.

US to press rates toward zero

Reuters

The US Federal Reserve is expected to drop interest rates close to zero, but anticipated remarks on unconventional methods to dispel a year-old recession are what will really matter.

Ireland to invest billions in banks

Reuters

Ireland will support a recapitalisation of its financial institutions alongside private investors and existing shareholders of up 10 billion euros (NZ$24.65 billion).

Reuters

WHEN IT RAINS: The Bank of America has announced plans to cut 30,000 to 35,000 jobs over three years.
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World News

Another Kennedy waits in the wings

Caroline Kennedy, the daughter of slain US President John F Kennedy, is pursuing the Senate seat of Senator Hillary Clinton, who has been nominated Secretary of State.

Travel

Victoria's vine country

The wineries and restaurants in Victoria's Yarra Valley are a must for a mini-break.

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