THE share market finished November on a positive note, buoyed by bargain hunters snapping up shares in BHP Billiton and Rio Tinto, two days after the $100 billion takeover dissolved.
November 28, 2008
Qantas shareholders slam ‘obscene’ pay
GEOFF Dixon has retired as Qantas CEO but not before feeling the ire of shareholders outraged over his $12.2m package.
Oil prices fall in quiet trade
OIL prices fell slightly in quiet Asian trade today, the day before an OPEC cartel meeting which has given traders hope that plunging crude prices may be nearing the bottom, analysts said.
Virgin Blue cuts spending
LOW cost carrier Virgin Blue has deferred some capital expenditure for the fiscal 2009 year due to challenging conditions in aviation markets and said it has no need to raise fresh capital.
Dollar above US65c as shares gain
THE dollar was firmer at noon as a healthy local share market encouraged foreign investors to buy the currency.
November 27, 2008
Tanner dismisses attack on deficit
Finance Minister Lindsay Tanner has accused the Opposition of being “incoherent” in its response to the Government’s concession that the Budget may fall into deficit.
Aird reassures Gunns on pulp mill support
Tasmania’s Treasurer has reassured the timber company Gunns that the State Government supports its two billion dollar pulp mill project.
US stocks rally despite economic woes
US stocks rallied for a fourth day as investors bought up technology shares and amid new hopes that troubled US carmakers will be bailed out.
Future of 60 Qld-based ABC Learning centres uncertain
Australia’s largest state childcare organisation, Childcare Queensland, has welcomed the announcement ABC Learning’s receivers about the future of the company’s childcare centres.
ABC Learning centre list ‘not meant to cause panic’
The organisation representing Australia’s childcare centres has defended the decision to list almost 400 ABC Learning centres which may be facing closure.