Tag: International Financial Crisis
China, US pledge $30b to boost world economy
China and the US have pledged $30 billion to help finance global trade as part of efforts to boost the faltering world economy. [MORE]
Honda quits in Formula One bombshell
Honda has announced it is pulling out of Formula One due to the global financial crisis.[MORE]
What were they thinking?
In New York, we all became political junkies: the cabbie, the doorman, the sushi-maker. We shook our heads more than once that after all these years of waiting, Democrats had both a woman and an African-American running.[MORE]
$2b trust set up for car dealers
The Federal Government and the private sector are setting up a $2 billion trust to help car dealers struck by the credit crisis.[MORE]
Govt's web censorship will hurt economy, group says
Community advocacy group Get Up says the Federal Government's commitment to internet censorship will slow down speeds and hurt the economy.[MORE]
Construction sector hits new low
A monthly measure of construction activity shows the building of houses and apartments has fallen to its lowest level since the private sector survey began three years ago.[MORE]
Shareholder lawsuits 'to mushroom in 2009'
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Out-of-pocket investors have launched class actions totalling more than $1 billion against insolvent companies.[MORE]
Finance union warns more jobs will go
The Finance Sector Union says the industry is facing a difficult future, with about 4,000 jobs lost during the past few months because of the global financial crisis. [MORE]
US car companies plead for more cash
The heads of the top US car companies are again pleading for a Government rescue plan.[MORE]
Sarkozy unveils $51b stimulus plan for France
President Nicolas Sarkozy has unveiled a massive stimulus plan worth $51 billion to help France resist the global economic slowdown.[MORE]
European banks slash interest rates
Central banks have made another big round of interest rate cuts as Europe struggles to cope with the global economic downturn.[MORE]
Texting research overturns poor English blame
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Australian research has found mobile phone texting isn't destroying the English language.[MORE]
US car union tightens belt to save industry
The main car workers' union in the United States says it is willing to give up a number of key benefits to help the three biggest car makers get emergency funding from the Government. [MORE]
Babcock shares double after $150m lifeline
Shares in troubled Babcock and Brown have more than doubled after its bankers provided a $150m lifeline.[MORE]
Bonus-hungry bosses broke global economy: Macfarlane
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Former RBA governor Ian Macfarlane is calling for radical surgery to get the global economy out of the "mess" that it is in.[MORE]
What financial crisis, ask Russian billionaires
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Russian billionaires are still spending up big, despite the global financial crisis.[MORE]
Car sales dive 20pc
New car sales have had their biggest annual decline in more than 20 years as consumers steer clear of big ticket items.[MORE]
Home buyers reconsider market after latest rates cut
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Latest figures show that new buyers are now looking seriously at property and that investors are also coming back into the market.[MORE]
Macfarlane praises banks for crisis handling
Former Reserve Bank governor Ian Macfarlane says Australia is coping well with the global credit crisis.[MORE]
Fewer visits to GPs as economy slows
Economists say there is evidence that Australians are cutting back on trips to the doctor as the economy slows.[MORE]
Queen addresses Britain's financial crisis
The Queen has unveiled the British Government's legislative program for the next year under the shadow of a looming recession.[MORE]
'Wafer thin' economic growth staving off recession
Economists say there is little margin for error in preventing the economy from heading backwards. [MORE]
Russian state bank asks for $50b handout
Russian state bank VEB has asked the Government for an additional 950 billion rubles ($53 billion) to shore up its cash reserves, Vedomosti business daily reported.[MORE]
Farmers hold off Aussie recession
Official figures show the farming sector helped save the Australian economy from falling backwards in the September quarter.[MORE]
Market closes flat despite early gains
The Australian share market has closed flat after it slipped back earlier gains.[MORE]
