Big wealth management group Perpetual has urged the Federal Government to rethink its controversial scheme to guarantee bank deposits.
May 30, 2009
Wall Street faces data barrage, GM bankruptcy
NEW YORK (AFP) – Wall Street investors face a battery of economic news and the looming bankruptcy of auto giant General Motors in the coming week, testing the nerves of investors after a strong week.
ADB calls for low-carbon transport systems
MANILA (AFP) – The Asian Development Bank Saturday called on its Asian government borrowers to design mass transport systems in a way that would slow the rapid growth of their greenhouse gas emissions.
No plans to delay super access age: Government
The Federal Government has ruled out forcing Australians to wait until they turn 67 to access superannuation.
US court likely to rule Monday on Chrysler-Fiat
NEW YORK (AFP) – A US bankruptcy court will likely rule Monday on whether to allow the sale of US auto giant Chrysler to a group led by Italy’s Fiat, the presiding judge said.
European stocks close firmer
EUROPE’S main stock markets have closed firmer, with a mixed set of data taken on balance to mean that prospects for recovery from the global slump remain intact.
Wall Street up on signs of recovery
WALL Street stocks rallied overnight as further signs of recovery from the prolonged global economic slump helped the market keep upward momentum.
Rates on hold in June: economists
SIGNS of stabilisation in the global economy should convince the Reserve Bank of Australia (RBA) to leave official interest rates unchanged at its board meeting next week.
Australia ‘in recession on Wednesday’
SLUMPING business investment and weak housing construction activity will have pushed the Australian economy into recession in the March quarter, economists say.
Heron shares jump on China stake
SHARES in Heron Resources jumped on news a Chinese company had taken a 5 per cent stake in the nickel hopeful, with options to subscribe for a further 10 per cent.