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  • USD rises on slower global growth outlook

    The US dollar rose on Wednesday, snapping a two-day losing streak, supported by perceptions that slowing global economic growth would prompt a wave of interest rate cuts outside the United States.

  • Spanish jet crashes on takeoff in Madrid

    About 145 people were killed when a Spanish jet taking holidaymakers to the Canary Islands crashed on takeoff and burst into flames at Madrid airport on Wednesday, an emergency services spokesman said.

  • A partnership solution for investment banks?

    The travails of Lehman Brothers and the demise of Bear Stearns have me thinking - would these Wall Street firms have ended up in their respective messes if investment banks never been permitted to go public?

  • HP optimism offset by mortgage giants slump

    US stocks were little changed on Wednesday as strong results from Hewlett-Packard triggered a rally in the technology sector, but shares of Fannie Mae and Freddie Mac slumped to more than 17-year lows on fears the companies might need a government bailout.

  • FTSE snaps three-day losing streak

    Britain's top share index ended 1 per cent higher on Wednesday, snapping a three-session losing run.

  • Copper slips in erratic trading

    Copper slipped in erratic trade on Wednesday, taking its cue from the US dollar and the price of oil, as lack of demand from China, the top consumer of the metal, weighed on the metal.

  • ICC to decide fate of Champions Trophy

    The International Cricket Council (ICC) executive board will hold a teleconference on Sunday to decide the fate of the Champions Trophy, amid concerns by players about travelling to Pakistan for the event.

  • Commodities, China hopes lift FTSE early

    The FTSE 100 rose by 0.5 per cent early on Wednesday, as commodities tracked higher crude and metal prices.

  • Premier to join S&P/ASX 200 index

    Premier Investments will join the benchmark S&P/ASX 200 share index from August 28.

  • Perpetual profit down 29pc

    Perpetual has reported a 29 per cent dip in annual profit and warned of uncertain times after experiencing the worst year for Australian investment markets in a generation.

  • Buyout group raises Indophil bid

    A consortium bidding for prospector Indophil Resources has raised its offer, hoping to trump a rival bid by Xstrata.

  • Commodities buoy Aussie dollar

    The Aussie dollar climbed away from recent seven-month lows on Wednesday, supported by commodity prices and a softer US dollar.

  • BoQ shuffles board

    Bank of Queensland has appointed director Neil Summerson as chairman to replace Neil Roberts, who has retired

  • MYOB cuts growth outlook

    Business software firm MYOB has cut its full-year earnings expectations as revenue is affected by the slowing NZ economy

  • Nikkei dips 0.1 pct, hurt by global economy jitters

    *Nikkei falls 0.1 percent to a one-month closing low</p><br/> *Exporters slide on a bleak g...

  • Local shares climb 1.3pc, resources lead

    Local shares rose 1.3 per cent on Wednesday, led by resources firms such as Rio Tinto on higher commodity prices.

  • QGC takes over Sunshine

    Queensland Gas has made an agreed bid of $830 million for Sunshine Gas.

  • MAp announces $1bn buyback

    Macquarie Airports (MAp) says its outlook for the rest of calendar 2008 is solid despite a first-half loss and announced a $1 billion buyback to shore up its securities price.

  • Sims raises expectations

    Sims Group expects to its annual earnings to beat analysts' forecasts by up to 15 per cent when it reports next week

  • Aussie stocks rise 1.3 pct, led by resources

    SYDNEY, Aug 20 (Reuters) - Australian shares rose 1.3 percent on Wednesday, as resources firms a...

  • Pacific Brands just within guidance

    Pacific Brands says it expects flat to negative sales growth over the next four months in a tough retail environment before a recovery in 2009.

  • Ausdrill rejects improved Macmahon bid

    Drilling contractor Ausdrill has rejected an improved takeover bid from Macmahon Holdings, citing the offer as inadequate

  • B&B set for overhaul

    Investment group Babcock & Brown plans to announce an overhaul of its business when it reports its first-half results tomorrow

  • Australian "hot rocks" offer 26,000 yrs of power

    Barely 1 per cent of Australia's untapped geothermal energy could produce 26,000 years worth of clean electricity, scientists said, as the government announced a a $50 million project to help develop the technology

  • USD steadies, gains capped on oil, gold

    The US dollar steadied on Wednesday, but was off a seven-month high as a recovery in gold and oil prices weighed on sentiment.

  • Delayed pallet talks punish Brambles

    Brambles flagged a delay in its talks with US retail giant Wal-Mart on a revised pallet management arrangement, sending its shares down 10 per cent.

  • Global markets: Asia stocks rebound on hopes for China boost

    Most Asian stock markets edged higher on Wednesday, rebounding on hopes for policies from Beijing to jumpstart growth.

  • Approval for Straits Asia listing

    Straits Resources's subsidiary Straits Asia Resources has received in-principle approval by the Singapore stock exchange to list on the bourse.

  • Growth at half long-run average

    Australian economic growth in coming months will be almost half the long-run average boosting the case for an interest rate cut in September.

  • Gold nears one-week high as oil rises

    Gold rose to its highest in almost a week on Wednesday after gains in oil prices spurred buying.

RTC model

The US appears to be putting its houses - Fannie and Freddie - in order, writes Glenn Mumford.