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Business Newsletter
Paulo, this is your News.com.au Business update for Friday, 19 September 2008
   

 

 

   

   

   

Macquarie shares rocket, up 48pc

MACQUARIE shares have rebounded today, surging 48pc, after being hit hard yesterday on fears of its ability to refinance debt.

Fortescue posts $2.5bn loss

IRON ore miner Fortescue Metals Group has reported an annual bottom line net loss and said it will not provide a forecast for the current year because this may prejudice “the interests of the company”.

Centro sells three shopping centres

TROUBLED shopping centre asset manager Centro Properties Group has sold three of its Australian and New Zealand shopping centres in its efforts to reduce debt.

Gold surges amid economic turmoil

GOLD prices have surged this week as the precious metal profits from its status as a safe haven in times of economic turmoil.

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Market surges on Wall St rally

AUSTRALIAN shares have surged after the US ended a frantic trading session higher on news the government is considering a more comprehensive solution to the financial crisis.

Weak dollar could delay rate cuts

A WEAKER dollar could delay an interest rate cut due to worries about the effect of higher petrol prices on inflation, economists say.

US announces debt plan to ease crisis

THE United States said yesterday it was putting together a rescue plan to clear away the mountains of bad debt that have weighed down banks and caused the worst financial crisis in decades.

Nylex in bad state due to ‘debt binge’

TROUBLED diversified industrial group Nylex is in a poor state as a result of a debt fulled spending binge that occurred 10 years ago, executive chairman Peter George said today.

More Business News >>

 

Dollar gains on talk of US debt plan

September 19, 2008 12:35pm

THE Australian dollar was firmer at noon as optimism about a poss …

Share market jumps 4 per cent

September 19, 2008 12:40pm

FINANCIAL stocks buoyed the share market at noon after a strong l …

Market Data

More
Index Level %Change
All Ordinaries 4833.7000 +3.9081
S&P/ASX200 4802.0000 +4.2259
AUD/USD 0.8088  

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Written by Ricardo Paulo Javier

septiembre 19, 2008 a 1:15 pm

Publicado en Titulares de Noticias

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