Financial Markets
Business News By Wall Street Journal
Stocks fall 1.2pc on Brambles, BHP
STOCKS closed down 1.2 per cent today after falls in Brambles and BHP Billiton and losses on Wall Street.
Japan headed for depression
UPDATE: Peter Alford
JAPAN'S economy, the world's second-largest, shrank at the rate of almost 13 per cent in the final three months of 2008.
Foreign investment in China falls
FOREIGN direct investment in China fell 32.6 per cent in January from a year earlier, the government said today.
Australian dollar lower on RBA watch
THE Australian dollar was weaker but trading in a tight range ahead of a raft of Reserve Bank of Australia (RBA) data out this week.
Personal finance rises 4.1pc in Dec
Sam Holmes
THE value of personal finance issued in December rose 4.1 per cent after seasonal adjustment from November to $6.36 billion.
Japan contraction sharpest in 35 years
Tomoyuki Tachikawa
JAPAN'S economy shrank at its sharpest pace in over three decades in the final quarter of 2008.
Stocks fall 1.5pc on US bailout doubt
THE Australian sharemarket opened 1.5 per cent lower, catching the ill wind from Wall Street on Friday.
fin markets
Retail Consumer - Top Gainers & Losers
| Company Name | Price | Change | %Change | |
|---|---|---|---|---|
| FKP Property Group | 0.45 | +6.3 | UP | +14.1% |
| Gunns Limited | 0.94 | +12.5 | UP | +13.25% |
| Lynas Corp | 0.14 | +1.7 | UP | +12.00% |
| Macmahon | 0.39 | +3.3 | UP | +8.45% |
| Alesco | 1.14 | +9.2 | UP | +8.09% |
| St Barbara | 0.39 | -2.4 | Down | -6.03% |
| PMP Ltd | 0.30 | -2.3 | Down | -7.58% |
| Emeco | 0.23 | -1.8 | Down | -8.00% |
| Kagara Ltd | 0.42 | -3.7 | Down | -8.7% |
| Transpacific Industries | 1.80 | -64.3 | Down | -35.72% |
04:10PM AEDT
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Opinion
Hard road to Rio
BARRING a Rio revolution, any new bid by BHP for its rival is doubtful, but the world's biggest miner will leave no stone unturned.
Image John Durie
Conservatives savage bailouts
BARACK Obama finally got his massive stimulus package through Congress. But it has been described as a mere "band-aid".
Image Henry Thornton
Boards behaving badly
IT increasingly seems that the only real rule is "what works" for the circles of privileged insiders.
Image Terry McCrann
Business News By Wall Street Journal
Japan data may pressure Aussie dollar
A WEAKER Aussie dollar is expected to face more pressure later today on grim economic data from Australia's biggest trade partner.
Stokes' neat Nylex exit
Nick Tabakoff
INTERESTS associated with Kerry Stokes sold their entire stake in ailing manufacturer Nylex the day before the company collapsed.
Downturn benefits some
Sara Rich
HALFWAY through one of history's grimmest reporting seasons, a spattering of companies have stood out from the crowd.
Wesfarmers sets tone
Teresa Ooi
ALL eyes will be on Coles owner Wesfarmers today when it reports its first-half net profit.
Eurozone contracts at record pace
Nicholas Winning
THE Eurozone plunged deeper into recession than expected in the fourth quarter, the sharpest contraction in its history.
Global stability G7's top priority
Andrea Thomas
THE Group of Seven leading developed economies say global economic and financial stability are the top priorities.
Oil soars 10pc after five days down
David Bird
OIL rallied sharply from near five-year lows, to post the biggest single-day gain since December 31, settling 10.4 per cent higher.
Lloyds reveals $22bn HBOS black hole
Ragnhild Kjetland
LLOYDS Banking Group warns of huge write-downs and reveals rescued bank HBOS is expected to post a $22 billion pre-tax loss.
Results and warnings
Andrew Main, Business editor
WONDERING why there is so much corporate bad news around?
Stocks fall 1.2pc on Brambles, BHP
STOCKS closed down 1.2 per cent today after falls in Brambles and BHP Billiton and losses on Wall Street.
OZ Minerals backs $2.6bn takeover bid
Alex Wilson
THE directors of debt-laden OZ Minerals have recommended shareholders accept a $2.6 billion takeover offer from China Minmetals.
Downturn benefits some
Sara Rich
HALFWAY through one of history's grimmest reporting seasons, a spattering of companies have stood out from the crowd.
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Japan contraction sharpest in 35 years
Tomoyuki Tachikawa
JAPAN'S economy shrank at its sharpest pace in over three decades in the final quarter of 2008.
top-currencies
Bendigo & Adelaide Bank
ROB Hunt's wholesome focus on customers has meant that Bendigo & Adelaide Bank is much less scarred by the global crisis than others.
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Boardroom Radio
Brr.com.au
- 16-02-2009 16:45 COMMSEC MARKET REPORT CommSec Afternoon Market Report - Juliette Saly, Market Analyst
- 16-02-2009 15:00 DALTON NICOL REID Dalton Nicol Reid - January 2009 Monthly Investment Review
- 16-02-2009 13:30 VANGUARD INVESTMENTS AUSTRALIA Smart Investing with Robin Bowerman: Super beyond the gloom
The fashion 'correction'
Rachel Dodes
US Vogue editor Anna Wintour explains why "value" is in, and "too Dubai" is out.
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Also in The Australian Today
Nelson to quit politics
9:00pm
FORMER Opposition leader Brendan Nelson has decided to quit politics at the next election.
Telstra attacks human rights record
Paul Maley
TELSTRA has launched an extraordinary attack on Australia's human rights record in a submission to a consultation panel.
Canberra green light for bonus funding
Andrew Trounson | 1:44pm
THE Commonwealth government is to speed additional infrastructure spending to higher education.
Joe Hockey steps up to take on Swan
UPDATE: Christian Kerr, Dennis Shanahan | 3:30pm
OPPOSITION finance spokesman Joe Hockey is to replace Julie Bishop as treasury spokesperson as part of a frontbench reshuffle.