Australians might be prudently paying down their credit cards a little (see yesterday’s chunky bits) but they have not completely stopped spending.
Car sales
Business As Usual: Spanish bank on ECB drip … Greek haircuts … a dead moggy in the markets
Spain doubles its financial borrowings, junk-rated Greece takes a trip to the barber, the sound of a dead cat bouncing, UK inflation falls and other business news of the day.
Business As Usual: Austerity the new cool in UK … and in Italy, too … Brazil waxes lyrical about big oil find …
It’s hair shirts all around in London … Italy cuts public sector hiring and pay … Changes in the wind for US bank ratings … Car sales figures here are up on last year … Brazil waxes lyrical about another big oil find …
Business As Usual: Retail on the up, says ABS … inflation forecast at 3% … Freddie and Fannie still asking for handouts …
RBA alludes to new inflation figure … Freddie Mac and Fannie Mae are still struggling with huge debts … Car sales, especially diesels, are going from strength to strength … China worries about inflation … Newsweek’s slumping sales are leading to a “for sale” sign for the masthead …
Business As Usual: China moves to correction territory … trifecta for Stokes …
China’s stock market move into correction territory yesterday, while its property sector is being crunched … Kerry Stokes got a trifecta yesterday … The Japanese car market takes a dive … Another seven US banks bit the dust and were closed by regulators …
Political snippets: Rudd sitting (minimally) pretty for a July election
Why Rudd should keep sittings of the House of Representatives to an absolute minimum, climate pledges are still falling short, and should alcoholics get their own version of “injecting rooms”?
Business As Usual: Steady as she goes on jobs … sting in the US (re)tail figures … moves to free up the yuan …
While US retail figures are on the up and there’s talk of “the consumer is back”, the Fed isn’t quite so sure … The value of the yuan is the big issue in China … Growth news is gloomy in Europe … Greece is still a basket case … Car sales here are on the rise.
Business As Usual: James Murdoch on the rise … Our GDP at its peak …
James Murdoch rise in the global corporate world continues unabated, Australia’s GDP has never been higher and w here to for the ASX after querying Gunns, Toll Holdings and Nufarm about their lack of timely and adequate disclosure about very large falls in profit?
Business As Usual: Property still booming … Pay TV in play … Murdoch’s Rosebud moment
Is Austar’s biggest investor about to pull the plug? Plus a stirring performance from Rupert Murdoch, car sales up, a chilly winter for Europe’s retail sector, and other business bits from around the globe.
Political snippets: The Rudd family Christmas card
The PM, his wife and the Abigail the dog say cheese for the official Rudd family Christmas card. Jasper the cat had too much self respect to appear…
If we are what we drive, we’re changing gear
Australians are rapidly embracing motorbikes (especially scooters) and diesel-powered cars, according to the latest Motor Vehicle Census from the ABC.
Car sales snap out of reverse
Despite the ending of some tax assistance for small to medium businesses on June 30, car sales jumped up in August.
Car sales on the up thanks to tax break
Australian car sales jumped in May in the first monthly rebound since the start of last year.
The end of car dealers — but who replaces them?
Today the majority of car buyers go online before they set foot in a dealership, and they might travel 50 or 100 miles to find the car they want at the price they are willing to pay.
Are new cars old news in the US?
The New York Times is asking today: “Can American drivers live without that new-car smell?” The Big Money wraps the newspapers’ perspective.
Car sales accelerate, economy gets into gear
There’s another statistic which supports the belief that the Australian economy is travelling a bit better than we suspect at the moment.
Dyer’s business wrap: Mixed signals from the US … Google cuts hard
US markets have again shaken off more poor news on the economy, writes Glenn Dyer.
