The Australian share market was firmly in the red at noon following tumbles on Wall Street and European bourses overnight, as a cocktail of negative economic data weighed on investor sentiment.
|
Welcome to News-Feed.org - We get news from over 50 major online news sites in real time via RSS news feeds to keep you up to date. Not only can you get breaking news that has just been released but you can also search the news feeds and view older archived news items.
Search News-Feed.org:
Search Google:
Top News Stories: Aussie shares firmly down at noon Stocks firmly down on offshore leads THE share market was firmly in the red at noon following tumbles on Wall Street and European bourses overnight, as a cocktail of negative economic data weighed on investor sentiment. G20 vows 'strong' response to crisisTHE Group of 20 major economies has pledged to mount a powerful response to the rising challenges facing the global economy as it reels from a debt crisis in the eurozone. S&P affirms Australia's AAA ratingSTANDARD & Poor's Ratings Services has affirmed Australia's long-term AAA credit rating due to the country's economic resilience, public policy stability and sound financial sector. Dollar struggling on global recession fearsTHE dollar is trading near its 10-month low as traders worry about a possible recession in the US and Europe. Rudd shifts leadership rumbling to economyTHE focus of political debate in Australia should be on the impact of the global economical situation rather than the leadership of the Labor government, Foreign Minister Kevin Rudd says. G20 pledges to support banks, eyes bolder euro fund
(Reuters)
Reuters - The world's major economies pledged on Thursday to prevent Europe's debt crisis from undermining banks and financial markets, and said the euro zone's rescue fund would be bolstered. Asia stocks slide, euro gains after G20
(Reuters)
Reuters - Asian stocks fell to a 16-month low and emerging market currencies tumbled on Friday amid fears of a global recession, but a pledge from the G20 to preserve financial stability helped stem the scale of losses. Census: Recession takes big toll on young adults
(AP)
AP - Young adults are the recession's lost generation. Dow falls 391 on worldwide fears about economy
(AP)
AP - Investors began giving in to fears Thursday that a global recession is already under way, and stock markets shuddered around the world. Selling started in Asia, picked up speed in Europe and sent Wall Street near its worst finish of the year.
|