California & #39;s state Assembly has approved a plan to close most of California & #39;s & #36;US26 billion budget deficit.
July 25, 2009
Rudd warns of long, bumpy road ahead
Prime Minister Kevin Rudd has warned of more economic pain ahead for Australia in a lengthy essay published in the Sydney Morning Herald.
Turnbull changes tune on emissions trading
Federal Opposition Leader Malcolm Turnbull is still facing division within the Coalition over emissions trading, despite changing the party’s policy position yesterday.
Trade contractions & #39;bottoming out & #39;: WTO
The contraction in trade in response to the economic crisis appears to have begun bottoming out, with Asia showing a rebound, WTO chief Pascal Lamy says.
Banks stable but strategy needed: Brown
The banking sector has stabilised but the world still lacks an overall strategy to ensure positive momentum, Gordon Brown says.
Shares close at new 2009 high
BIG miners helped drive Australia’s stock market to its highest close since last November.
Holden boss of 17 months replaced
HOLDEN chairman and managing director Mark Reuss is to be replaced after just 17 months at the helm.
Ford dumps Focus for green cars
FORD Australia has dumped plans to build the Focus sedan locally but says it will invest $230 million to improve the fuel efficiency and environmental impact of its Falcon and Territory models.
Samsung profit up on demand boost
SAMSUNG Electronics, the world’s leading computer memory chip maker, posted what it called “outstanding” second-quarter results due to a recovery in prices and demand.
BHP in $320m coal mine expansion
BHP Billiton Mt Arthur coal mine is set to expand, as the mining company looks to take advantage of rising prices.