31 2008

Economic Preview: Payrolls expected to fall in August

Tag: Markets, General @ 1:16 pm

Even as summer tans fade across Wall Street, analysts are pondering some surprisingly bright data released during the final days of August.


31 2008

QGC disputes ‘easy prey’ tag

Tag: ASX @ 1:15 pm

QUEENSLAND Gas Co boss Richard Cottee says consolidation will continue in the energy sector, although his company is unlikely to fall prey to a takeover. “I think you are going to see consolidation,” he told ABC TV’s Inside Business.


31 2008

Hurricane Gustav strengthens, heads toward Louisiana

Tag: Markets, General @ 1:15 pm

Hurricane Gustav is strengthening rapidly as it passes over Cuba and heads into the Gulf of Mexico Saturday, taking deadly aim for the U.S. Gulf Coast. Residents are evacuating ahead of the deadly storm and oil and gas companies are shutting down their facilities throughout the region.


31 2008

Inflation only one factor for RBA

Tag: ASX @ 1:15 pm

WHEN the Reserve Bank cuts interest rates tomorrow, it will not simply be acting on a belief it has inflation licked, but out of concern for Australia’s economic and financial stability.


31 2008

Air France, Morgan Stanley may invest in ‘new’ Alitalia

Tag: Markets, General @ 10:15 am

Air France-KLM SA may, as soon as next week, buy a 20%-25% stake in a “new” Alitalia, the company which should emerge next week from the remains of the collapsed Italian flag carrier Alitalia SpA, according to published reports.


31 2008

Supermarkets face ban on buying rivals

Tag: ASX @ 10:14 am

MAJOR supermarket chains could be blocked from buying small competitors in regional areas under mooted changes to trade practices laws.


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