05:52PM | Reuters
Risk aversion kept the yen and the US dollar firm as global recession worries and credit jitters fuelled by uncertainty over the struggling US auto industry led investors to cut risky assets.
05:03PM | AAP
The Reserve Bank spent a whopping $3.15 billion propping up the Australian dollar when it plunged towards US60¢.
05:05PM | AAP
The sharemarket closed more than 4 per cent weaker, with losses in all sectors particularly among the major miners and energy stocks.
02:50PM | The Australian Financial Review - Online
Following is a diary of economic and corporate events for the week of November 24-28
05:21PM | Reuters
A rout in Asia pushed has world stocks to their lowest in 5½ years, while oil fell below $US53 a barrel.
11:42AM | Reuters
Japan's Nikkei average fell almost 4 per cent to slip below 8,000 for the first time in three weeks.
03:20AM | Reuters
The grim outlook for global economic growth and demand for industrial metals has led to substantial downgrades to forecasts for average prices next year, a Reuters survey showed.
12:37PM | AAP
The Australian dollar was weaker at noon as a dive on Wall Street and a record fall in US inflation kicked risk-driven currencies.
11:53AM | Reuters
Risk aversion kept the yen and the US dollar firm on Thursday, on global recession worries and credit jitters.
11:37AM | The Australian Financial Review - Online
Following is a summary of broker changes to their company recommendations and upgrades and downgrades to earnings estimates.
02:53AM | Glenn Mumford | The Australian Financial Review
Deflationary fears were raised a notch this week, with key price measures in both the US and the UK surprising on the downside.
02:58AM | Edited by Jemima Whyte (jemima.whyte@afr.com.au) | The Australian Financial Review
ConnectEast and Transfield have issues, $3.9 billion of debt PLUS Gunns refutes Lennon and Crown chips cashed.
04:49AM | Reuters
Britain's FTSE 100 skidded 4.8 per cent lower on Wednesday, with banks and oil shares tumbling and as Wall Street took a whipping from a grim outlook for the global auto industry.
04:54AM | Reuters
The US economy was likely to shrink for at least half a year and the Fed should act aggressively against any risks that deflation could take hold, Federal Reserve vice chairman Donald Kohn said on Wednesday.
04:56AM | Reuters
Global demand for gold jumped 18 per cent year-over-year to 1,133.4 tonnes in the third quarter, reversing a weaker trend earlier this year as investors hoarded gold bullion coins and bars and jewelry buying rose.
04:40AM | Reuters
Aluminium matched a three-year low on Wednesday after a hefty rise in stocks reinforced the weak demand outlook, particularly from the auto industry.
07:11AM | David Ciampa | The Australian Financial Review
Tales of joy have been downright scarce so far this year, what with plunging sharemarkets and dysfunctional credit markets. But one bright spot has been the swift reaction by the Reserve Bank of Australia to cut interest rates, and as things stand right now there hasn't been a more convincing case for further cuts.
07:12AM | Peter Wells | The Australian Financial Review
Investors who expected the lifting of the short-selling ban by the corporate regulator on non-financial stocks yesterday to result in a wave of heavy selling by hedge funds were left mildly disappointed.
06:45AM | Peter Wells | The Australian Financial Review
The sharemarket fell for a third consecutive session yesterday, despite late-afternoon buying of bank stock as investors abandoned resources amid concern about the global economy.
06:48AM | Ayesha de Kretser | The Australian Financial Review
Oil fell to its lowest level since January 29, 2007, in New York yesterday as investors bet that prices would fall even further next year.
07:14AM | Stephen Wyatt SHANGHAI | The Australian Financial Review
BHP Billiton hit fresh cycle lows yesterday as commodity prices tumble and the global demand for commodities shrinks in the face of deteriorating global economic conditions.
06:49AM | Katja Buhrer | The Australian Financial Review
When the spread on credit default swaps widens, traders typically look for signs of distress in the corporate sector. But this time around, fixed income experts are pointing to the health of the banks.
12:00AM | BRENDON LAU | The Australian Financial Review
The lifting of the short-selling ban on non-financial shares yesterday could put small cap stocks under pressure. Investors using a "pair trading" strategy, where they take a long position on a stock and short sell a weaker one in the same sector, could target the small end of the market, market watchers say.
12:00AM | Bloomberg | The Australian Financial Review
Hedge funds had their worst two months in almost a decade in October as global declines in stocks and commodity prices crimped returns, and investor withdrawals cut assets, according to data compiled by Eurekahedge.
03:11AM | Khia Mercer, David Ciampa, Peter Wells, Paul Garvey | The Australian Financial Review
Salmat and more.
12:00AM | The Australian Financial Review
DAXGerman stocks advanced on easing concerns that the looming global recession will halt business earnings. The country's largest retailer, Metro, ended a five-day losing streak after Fitch Ratings affirmed its investment-grade ranking on the company's stable outlook. Deutsche Bank and Commerzbank both declined on concerns of rising loan defaults.
12:00AM | Edited by Jason Clout (rearwindow@afr.com.au) | The Australian Financial Review
Relief as Admiralty fails to sell lithiumThe relief was fairly well muted in internet chat rooms yesterday as Admiralty Resources, a favourite among day traders, emerged from a trading halt to confirm that a contentious deal to sell its Argentinian lithium project had fallen through.
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