Standard & Poor’s ratings downgrade is delivering to Australian banks a much needed wake-up call which bank CEOs will ignore at their peril, writes Robert Gottliebsen of Business Spectator.
Credit crisis
TechCrunch: consumers in hiding
The crisis in the global consumer electronics sector is deepening after fresh warnings overnight from Panasonic, writes Glenn Dyer.
Falling consumer prices flag further economic turmoil
October is emerging as tipping point for the global economy. With the latest US consumer price numbers, Glenn Dyer reports on what we have tipped into.
US can’t afford to let GM do a Lehman Bros
The failure of GM could drive the US economy into a depression. Glenn Dyer argues that’s why it can’t and won’t be allowed to happen.
G20 talking loud but solving nothing
By the time the G20 meets again in April, the global financial system may be beyond repair, argues Glenn Dyer.
CanWest rethink casts a shadow over media earnings for 2009
CanWest has slahed the value of its intagible assets amid uncertainty about 2009, writes Glenn Dyer.
Carr: Got a safe job? 2009 could be party time
The Australian property market could be a good palce to put your cash in 2009, argues Adam Carr, senior economist with ICAP Australia.
Chip sales dive as recession hits the IT sector
Computer chip makers like Intel are the latest to feel the effects of the global downturn, reports Glenn Dyer.
OECD, IMF in agreement as global slowdown starts to bite
Developing economies are already in recession says the OECD. Glenn Dyer takes a closer look.
Fairfax bearish on 2009, share price slumps to $1.59
A gloomy outlook on advertising and a languishing share price are just two of the stories from this morning’s Fairfax AGM, writes Glenn Dyer.
Why the credit crisis could be the dawn of the Green New Deal
The financial crisis has been a disastrous for some businesses, but it also represents an environmental opportunity that shouldn’t be missed, writes Adam Grubb, founder of Energybulletin.net.
Paulson sets a course for a political clash over bailout plan
US Treasury Secretary Hank Paulson’s change of tack on the bailout plan is a recipe for a political fire-fight, argues Glenn Dyer.
Eslake: Reading the tea leaves of the Chinese rescue package
China plans to spend four trillion yuan boosting its economy. What does that tells us about the country’s economic health? By Saul Eslake, Chief Economist at ANZ Bank.
Australia’s cash rich banks are refusing to share
Businesses are struggling for finance as the banks keep it safely locked away from the vagaries of the markets, reports Glenn Dyer.
Death of an icon? GM staring at failure or a bailout
With shares laguishing at 65 years lows, the options for General Motors and the US government are grim, or expensive. By Glenn Dyer.
NAB/Harvey Norman forecasts: nothing to pay until 2009
The NAB’s latest monthly survey takes a more pessimistic view of the economic outlook than either the RBA or Treasury, reports Glenn Dyer.
Bailouts, failures, big losses, job cuts — aka the US economy.
Another major US retailer has been forced into liquidation by the credit crunch. And it may the US taxpayer who comes to the rescue. By Glenn Dyer.
Is General Motors too big to fail?
General Motors is staring at failure unless the US government decides it is too big to fail. Which way the new administration go, asks Glenn Dyer.
China shows no fear in priming its own economy
China has followed the lead set by Australia in boosting its economy, but it has done so on a gargantuan scale, writes Glenn Dyer.
RBA gives up on inflation, goes for growth
The world economic outlook has changed drastically since August, and so has the RBA’s focus, reports Glenn Dyer.
UK takes evasive action as IMF predicts a sluggish 2009
The Bank of england took unprecedented action overnight to rekindle economic activity, as the IMF revises down its 2009 growth predictions, reports Glenn Dyer.
Will James Packer’s bet on red pay off?
Gambling has taken a hit as the global economy slows, which is having an impact on James Packer’s gaming business, writes Glenn Dyer.
Toyota’s profits stall as global car industry slows to a crawl
Although Toyota has withstood the worst of the financial crisis, profit growth has all but stalled, writes Glenn Dyer.
A year on, ASIC should look again at BHP-Rio deal
If the outlook for the world biggest steel companies is any giude, there are some big questions looming over the BHP-Rio deal. writes Glenn Dyer.
Spending downturn hits BMW and the luxury car market
First it was GM, Ford and Chrysler. Now BMW and Daimler are struggling to sell cars to cash strapped Americans, writes Glenn Dyer.
