The future of Queensland property developer Raptis remains unclear, writes Glenn Dyer.
Economy
Employment up, but can we trust the numbers?
Despite massive job losses in the mining sector and elsewhere, employment numbers released today show unemployment has falled, writes Glenn Dyer.
ANZ job cuts good news for a select few
While some ANZ employees lost their jobs this week, others inside the company are sitting pretty for a massive promotion. By Glenn Dyer.
Lehman Bros’ survival still not a sure thing
Having announced another huge loss overnight, Lehman Bros still hasn’t proven it has a prosperous future, or any future at all, writes Glenn Dyer.
WEF makes a funny on global financial centres
An index devisde by the World Economic Forum shows London drawing alongside New York as the leading global financial centres. Glenn Dyer asks, excuse me?
Starpharma directors make make timely paper profit
Directors in pharmaceutical company Starpharma Holdings have profited - on paper - from recent trades in their own stock., writes Glenn Dyer.
Lehman Bros teetering on the brink of ruin
An announcement by struggling US bank Lehman Bros could have a major impact on global markets, writes Glenn Dyer.
Fannie and Freddie set to damage US government finances
The debt implications for the US government in saving mortgage lenders Fannie Mae and Freddie Mac are profound, writes Glenn Dyer.
Retail sales flat, business outlook still gloomy
Plenty of fresh numbers out this morning, but not many economic rays of sunshine, writes Glenn Dyer.
Centro teeters as no buyer found for Bankstown mall
The failed sale of Bankstown Sqaure suggests there is some pain for Centro, writes Glenn Dyer.
Fannie and Freddie not the only global financial basketcases
The rescues of Fannie Mae and Freedie Mac highlight again how the US Treasury iis single-handedly keeping the global economy afloat, writes Glenn Dyer.
Ospraie jetisons Iluka shares, depressing prices
Iluka shares are being dropped by all and sundry, writes Glenn Dyer.
Oz, SMH not letting facts get in they way of a good story
Both the Oz and the SMH yesterday published stories that used facts creatively or not at all. Michael Pascoe investigates.
RBA cuts rates to 7.0%
It’s the first interest rate cut in seven years, and signals the beginning of a period of easing in monetary policy. Glenn Dyer reports.
Sharp slowdown is further off than the RBA thinks
The RBA will today cut interest rates to stave off an economic slowdown, but Glenn Dyer argues that there is nothing in the numbers to suggest a recessions is on the horizon.
Macbank-ECB loan may give other Aussie banks ideas
Macbank’s clever dealing with the European Central Bank may have shown others looking for a way through the credit crisis, writes Glenn Dyer.
Building approvals dip again, but the news isn’t all bad
Although the downward trend for building approvals continues, new figures this morning suggest we may be nearing the bottom, writes Glenn Dyer.
American economic crisis kills another bank
The 10th American bank this year went bust at the weekend in the US state of Georgia, writes Glenn Dyer.
Allco, Centro flood the market with $3.8bn losses
A $3.8 billion sea of red ink washed across the Australian stockmarket this morning with news of the combined losses of Centro and Allco, writes Glenn Dyer.
Interest rates to tell the global economic story next week
Glenn Dyer reports on a crucial week ahead, not only for Australia with both interest rates and growth here expected to fall, but in Europe, Britain, Canada and the US.
Record Woolies profits but what about the damage?
A few reasons why we should look at the Woolworths’ profits results with a sceptical eye. By Crikey founder Stephen Mayne.
US wrap: Shareholders hurting, inflation up, houses down
Think economic news from the US, think bad news. If the news from the last few days is any guide, that isn’t about to change. By Glenn Dyer.
Babcock & Brown takes another hit, this time from Goldman Sachs
When things start going bad, they can go bad very quickly, as Babcock & Borwn Power discovering with the loss of coverage from Goldman Sachs JBWere, writes Glenn Dyer.
Will the consumer credit market be the next to collapse?
Despite the problems people are having in paying back, credit cards are still being handed carelessly. Adam Schwab asks, how much of the current overall debt will end up being paid back?
US economy leads the world in manufacturing bad news
Amid all the talk about the improving performance of the US economy, the US is still a rich source of bad news. Here’s a quick wrap of the latest bad economic tidings from the US. By Glenn Dyer.
