22 Nov 2008
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Ford 'wants 40bn euros in EU loans' for industry
BERLIN (AFP) - The European Union should make around 40 billion euros (50 billion dollars) in loans available to the continent's ailing auto sector, the head of Ford Germany said in comments published...
(Yahoo!7 Finance)
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India says poor should not pay for 'profligacy' of rich nations
NEW DELHI (AFP) - India's premier said Friday the poor should not pay for the & quot;profligacy & quot; of rich nations as he vowed to use every fiscal and monetary tool to fend off the impact of the...
(Yahoo!7 Finance)
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Eurozone business activity 'sinks in November'
BRUSSELS (AFP) - Business activity in the 15 nations sharing the euro slumped in November at the fastest pace on record as a severe downturn deepened, according to a widely watched survey on Friday.
(Yahoo!7 Finance)
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Oil prices below & #36;50
SINGAPORE (AFP) - World oil traded below 50 dollars on Friday, after touching lows unseen in more than three years on growing fears that a worldwide recession could ravage energy demand, analysts said.
(Yahoo!7 Finance)
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Asia, Europe stocks rebound
Most Asian and European markets rebounded on Friday after sharp declines in recent days as investors scooped up battered financial and technology shares.
(Yahoo!7 Finance)
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Far North Qld tourism to get & #36;1.25m boost
Federal Tourism Minister Martin Ferguson says the Federal Government will spend & #36;1.25 million to promote North Queensland overseas.
(Yahoo!7 Finance)
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Mine workers' uranium exposure not dangerous: WorkSafe
Northern Territory WorkSafe says it does not expect to see any negative health outcomes as a result of a uranium contamination at the Ranger mine, near Jabiru.
(Yahoo!7 Finance)
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Power and Water safety training improved, court hears
The Darwin Magistrates Court has heard the Power and Water Corporation has improved its work safety training for employees, since a man was electrocuted via a palm tree on powerlines.
(Yahoo!7 Finance)
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US car makers told to submit new recovery plan
United States congressional leaders have asked car manufacturers to submit a new recovery plan before their request for a multi-billion dollar bailout for the industry can be approved.
(Yahoo!7 Finance)
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Little chance of deflation: academic
Australia has very little risk of slipping into deflation, given a sharply declining local currency and still high inflation, an expert says.
(Yahoo!7 Finance)
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Jetstar Pacific backs Vietnam fare move
Jetstar Pacific, a Vietnamese low-cost airline part-owned by Qantas, welcomed the government & #39;s decision to allow more flexible pricing on some domestic routes.
(Yahoo!7 Finance)
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Conroy urges rethink on Telstra CEO pay
Federal Communications Minister Stephen Conroy has told the Telstra board it should reconsider its decision on executive pay.
(Yahoo!7 Finance)
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Ambulance phone operators begin strikes
Ambulance phone operators have begun refusing to process transfer calls for patients being discharged from New South Wales hospitals.
(Yahoo!7 Finance)
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Territory Resources claws back some cash
Beleaguered miner Territory Resources says it has this month clawed back part of an outstanding loan to cash-strapped minerals sands miner Olympia Resources.
(Yahoo!7 Finance)
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Grange receives approval for ABM merger
Grange Resources Ltd has received Foreign Investment Review Board (FIRB) approval for its merger with private iron ore miner Australian Bulk Minerals (ABM).
(Yahoo!7 Finance)
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Insurers weather storms with higher premiums
As Brisbane residents call on their insurance companies for help, the insurance sector has revealed that it was well prepared to deal with the disaster.
(Yahoo!7 Finance)
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Murchison says Oakajee agreement nearer
Murchison Metals says it is close to finalising an agreement with the WA government for the iron ore miner & #39;s development of a new deepwater port at Oakajee.
(Yahoo!7 Finance)
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Global crisis hits WA phosphate producer
Phosphate Resources has been forced to shut down its operations at Christmas Island off Western Australia's northern coast for 6 weeks because of the global downturn.
(Yahoo!7 Finance)
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Australia shares jump 1.9 pct as miners bounce
SYDNEY, Nov 21 (Reuters) - Australian shares closed 1.9 percent higher on Friday, after earlier touching five-year lows, as bargain hunters scooped up mining stocks at the end of a week of devastating...
(Yahoo!7 Finance)
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Local market rebounds before close
The Australian share market has staged a late recovery to finish the week higher.
(Yahoo!7 Finance)
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AUDIO: Exco Resources Limited's (ASX:EXS) MD Michael Anderson Presents the Company's AGM Summary
Perth, Australia, Nov 21, 2008 - (ABN Newswire) - Exco Resources Limited (ASX:EXS)(PINK:EXRSF) provides the opportunity to listen to an audio broadcast with the Company's Managing Director, Mr Michael...
(Yahoo!7 Finance)
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Aussie dollar back from brink on RBA, stock rally
SYDNEY, Nov 21 (Reuters) - A battered Australian dollar came back from the brink on Friday as central bank intervention and a late bounce in Asian stocks helped calm an offshore rout that had seen it...
(Yahoo!7 Finance)
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Govt has to legislate banks' wholesale guarantee: Oppn
The Federal Opposition says the Government will be forced to bring in legislation to back up its guarantee on banks' wholesale funding.
(Yahoo!7 Finance)
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Chinese miner pays & #36;299m for exploration
China Shenhua Energy, the country & #39;s largest coal miner, said it had paid & #36;A299.9 million for a coal exploration licence in Australia.
(Yahoo!7 Finance)
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Australia shares end 1.9 pct higher in late rally
SYDNEY, Nov 21 (Reuters) - Australian shares closed 1.9 percent higher, after earlier touching five-year lows, as bargain hunters scooped up mining stocks at the end of a week of devastating losses.
(Yahoo!7 Finance)
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