Tag: Stockmarket
Market takes biggest plunge in 6 months
The Australian share market has had its worst day since January 22, when stocks fell 7 per cent.[MORE]
Local market tumbles further on NAB news
The Australian share market has tumbled after National Australia Bank's announcement it is increasing its expected losses on debt-related investments to more than $1 billion.[MORE]
Financials hit after NAB makes $830m warning
Financial stocks are reeling today after the National Australia Bank announced a surprise widening of its exposure to bad and risky debt.[MORE]
NAB debt provisions cause shares to tumble
The National Australia Bank has made provisions for a possible loss of $830 million on debt-related investments because of the global credit crunch and the slump in the United States housing market.[MORE]
Market plummets 3pc in early trade
Australian shares have plummeted after falls on Wall Street and bad news from NAB.[MORE]
Economists predict 2pc drop on local market
Economists are predicting heavy falls on the Australian share market today, following news from United States car-maker Ford of a $9 billion loss in three months.[MORE]
Ford losses weigh on global markets
United States stocks have fallen more than 2 per cent after disappointing economic news and a big slump in profit from Ford, the country's third largest car-maker.[MORE]
New mining pact makes sense
Rio Tinto has negotiated a deal with mining junior, Iron Ore Holdings (I-0-H) to buy its iron ore at the mine gate.[MORE]
Local market lifts as banks surge
The Australian share market has risen with the banking sector driving the gains.[MORE]
Woodside warns against unsolicited share offers
Oil and gas producer Woodside Petroleum has warned small investors to be wary of an unsolicited offer to buy shares for less than half their current value. [MORE]
Rio signs landmark deal with junior miner
Rio Tinto has signed a landmark deal with a mining junior in the West Australian Pilbara region , to buy its iron ore at the mine gate.[MORE]
Firepower director to address creditors by phone
The administrator of the failed fuel technology company Firepower says Director Tim Johnston will address a creditors meeting.[MORE]
Oil slump drags miners lower
Another slide in the price of oil has led the mining sector lower on the Australian share market.[MORE]
Investors 'must adapt to complex global economy'
Feature
It is now almost a year since the credit crisis borne from the subprime mortgage meltdown in the United States threw global financial markets into turmoil.[MORE]
Falling oil price boosts global markets
Another fall in the price of oil overnight has boosted Wall Street.[MORE]
Wall Street got drunk, says Bush
US President George W Bush has an explanation for the housing market meltdown that has thrown the global economy into turmoil: Wall Street got drunk.[MORE]
Market ends higher on banking surge
A fall in the price of oil drove the Australian share market to its highest level in three weeks today.[MORE]
Market up 1pc after oil price slumps
Australian shares rose by more than 1 per cent this morning after an overnight fall in the price of oil. [MORE]
Oil price drop boosts US market
There was a late rally on Wall Street overnight as oil prices fell more than $US3 a barrel. [MORE]
Market retains gains despite bank losses
Despite a moderately sharp fall in early trade, the Australian share market managed to cling to most of Monday's gains.[MORE]
Financial sector drags market down
The Australian share market is lower with the financial sector rocked by a fresh bout of pessimism.[MORE]
Banks weigh on share market
Financial stocks led the Australian share market lower this morning, after yesterday's strong performance.[MORE]
Modest falls on US market
Stocks on Wall Street fell modestly overnight, as investors consolidated gains from the past week's rally and digested Bank of America's better-than-expected earnings.[MORE]
Bankers, miners propel market gains
The Australian share market was sharply higher this morning after better-than-expected news from the United States financial sector. [MORE]
FMG seeking $5 billion to expand Pilbara mines
A mining analyst says Fortescue Metals Group (FMG) should be able to obtain finance for its expansion plans despite the downturn in the markets.[MORE]
