Business News

Swan upbeat amid recession fears
NEWS.com.au
THE latest national accounts figures are a positive outcome for Australia in view of the global financial crisis, Treasurer Wayne Swan says.
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BankWest cuts home loan rates
NEWS.com.au
BANKWEST and St George will cut interest rates on variable mortgages by 85 percentage points.
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Concern for jobs if Qantas merges
NEWS.com.au
A UNION will seek urgent talks with Qantas and British Airways over the job security of 38,000 Australian workers.
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Market flat after gloomy outlook
NEWS.com.au
THE Australian share market closed marginally higher today as figures showed that economic growth had slowed to a crawl.
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Shakeup at WA Newspapers
NEWS.com.au
WEST Australian Newspapers chief executive Ken Steinke will step down from his job but will stay on temporarily to ensure a smooth transition.
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Rio's slash and burn
NEWS.com.au
RIO Tinto has continued to slash proposed spending in light of its huge debt and sagging world economic growth.
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Pacific route stays protected
NEWS.com.au
FOREIGN airlines will continue to be barred from carrying passengers between Australia and the US.
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What the RBA said
NEWS.com.au
AT its meeting today, the board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.
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Retail sales rise despite slowdown
NEWS.com.au
RETAILS sales have surprisingly climbed and could rise again after today's interest rate cuts.
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Housing tipped to remain in slump
NEWS.com.au
HOUSING construction will continue to fall, with interest rate cuts not likely to affect the market until 2009/10, research says.
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More cuts on cards
NEWS.com.au
PLUMMETING economic confidence is expected to push the Reserve Bank into making further interest rate cuts over the next few months.
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BA 'exploring merger' with Qantas
NEWS.com.au
BRITISH Airways last night revealed it is "exploring a potential merger" with Qantas.
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Stocks continue to fall
NEWS.com.au
A RATE cut by the Reserve Bank failed to stem falls on the Australian share market yesterday as resources stocks helped drag it down 4 per cent.
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On track for surplus, says Swan
NEWS.com.au
TREASURER Wayne Swan is maintaining his forecast of a modest budget surplus in the coming financial year.
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GM vows to slash 31,500 jobs
NEWS.com.au
GENERAL Motors will slash up to 31,500 jobs and cut back its brands as it seeks $28 billion in loans.
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