BERLIN (AFP) – German Finance Minister Peer Steinbrueck has defended Berlin’s refusal to back a proposed multi-billion-euro economic stimulus plan, dismissing it as quot;ineffective populist measures quot;.
November 30, 2008
OPEC holds current output, hints at December cut
CAIRO (AFP) – The Organisation of Petroleum Exporting Countries froze its oil output quota on Saturday after informal talks in Cairo but vowed to take any action necessary to balance the market next month.
Victoria #39;s real estate market slumps
Victoria #39;s real estate market has slumped to its lowest point in more than four years.
Macquarie Bank throws lavish Xmas party
Macquarie Bank has spent hundreds of thousands of dollars on one of the most lavish Christmas parties held in Sydney, despite the financial crisis.
Oil price won #39;t rebound until 2009: OPEC
OPEC has predicted that world oil prices will not rebound until mid-2009, after the cartel left its output unchanged at a consultative meeting in Cairo.
November 28, 2008
OPEC chief says oil market ‘oversupplied’
CAIRO (AFP) – OPEC Secretary General Abdalla Salem El-Badri said on Friday that the oil market was quot;over-supplied, quot; on the eve of a key meeting that could see the cartel cut output.
Sacked Teson Trims workers to receive super payouts
Workers of the failed Victorian car parts manufacturer Teson Trims should receive their superannuation entitlements early next year.
Pacific MPs hold firm against ‘bullying’ EU trade negotiators
Pacific parliamentarians say they have made progress after this week’s trade negotiations with the European Union in Papua New Guinea.
Threatened pipeline workers don’t want security: AWU
The Australian Workers Union says north-south pipeline workers do not want extra security, despite threats being made against them.
Hans Smallgoods goes into administration
Hans Continental Smallgoods has gone into voluntary administration.