http://en.redtram.com/ News on "Economics & Finance"  in "Australia & Oceania" Copyright (c) 2008 RedTram. All rights reserved. webmaster@redtram.com (RedTram) en Fri, 29 Aug 2008 23:04:48 GMT 300 100 50 http://en.redtram.com/ http://img.en.redtram.com/rsslogo.gif 31315 | Oil prices rise on storm fears http://en.redtram.com/go/149334448/top100/ 149334448 OIL prices rebounded in Asian trading today as traders kept a close watch on a storm moving toward the Gulf of Mexico and key oil installations, analysts said. Fri, 29 Aug 2008 19:22:56 GMT http://en.redtram.com/go/149334448/top100/ 31315 | Harvey Norman profit falls 12 per cent http://en.redtram.com/go/149334447/top100/ 149334447 ELECTRONICS and furniture retailer Harvey Norman has reported a 12 per cent fall in annual profit but says it is in a strong financial position. Fri, 29 Aug 2008 19:22:56 GMT http://en.redtram.com/go/149334447/top100/ 31315 | CBA grabs stake in Aussie Home Loans http://en.redtram.com/go/149334444/top100/ 149334444 AUSSIE Home Loans founder John Symond is offloading 33 per cent of the mortgage broking business to CBA. Fri, 29 Aug 2008 19:22:55 GMT http://en.redtram.com/go/149334444/top100/ 31315 | RBA to cut interest rates next week http://en.redtram.com/go/149334442/top100/ 149334442 A COMBINATION of a slowing economy, deteriorating business conditions and tight credit markets will lead to a rate cut next week. Fri, 29 Aug 2008 19:22:54 GMT http://en.redtram.com/go/149334442/top100/ 31315 | Weekend strike could extend to printers http://en.redtram.com/go/149334443/top100/ 149334443 FAIRFAX printers say they won't cross a picket line if striking journalists turn up at their work. Fri, 29 Aug 2008 19:22:54 GMT http://en.redtram.com/go/149334443/top100/ 31315 | Demand for credit is slowing http://en.redtram.com/go/149334386/top100/ 149334386 AUSTRALIA'S appetite for credit continues to wane following interest rate hikes earlier this year, with the housing sector taking a big hit. Fri, 29 Aug 2008 19:22:30 GMT http://en.redtram.com/go/149334386/top100/ 31315 | Billions head down the gurgler http://en.redtram.com/go/149334385/top100/ 149334385 THE global credit crisis has come home with a vengeance, wiping more than $4.5 billion from the profits of Centro and Allco. Fri, 29 Aug 2008 19:22:30 GMT http://en.redtram.com/go/149334385/top100/ 31315 | ABC Learning delays release of results http://en.redtram.com/go/149334384/top100/ 149334384 ABC Learning Centres says it won't be able to release its annual results today as planned. Fri, 29 Aug 2008 19:22:29 GMT http://en.redtram.com/go/149334384/top100/ 31315 | Allco boss 'regrets' loss of value http://en.redtram.com/go/149334368/top100/ 149334368 ALLCO Finance chief executive David Clarke says the company "deeply regrets" the loss of shareholder value that led to a huge $1.713 billion loss in annual profit. Fri, 29 Aug 2008 19:22:17 GMT http://en.redtram.com/go/149334368/top100/ 31315 | Nylex washed out as water tank demand falls http://en.redtram.com/go/149334367/top100/ 149334367 STRUGGLING diversified industrial group Nylex has reported an annual net loss of $18.8 million, largely blaming a downturn in the market for rainwater tanks. Fri, 29 Aug 2008 19:22:17 GMT http://en.redtram.com/go/149334367/top100/ 31315 | Centro loss blows out to $2bn http://en.redtram.com/go/149088788/top100/ 149088788 CENTRO Properties Group has posted a net loss of $2.06bn, but says it's working on a restructure to stabilise the business. Fri, 29 Aug 2008 02:15:06 GMT http://en.redtram.com/go/149088788/top100/ 31315 | RBA to wield rate knife with caution http://en.redtram.com/go/149088790/top100/ 149088790 CONTINUED strong demand from China for raw materials is likely to stop the RBA from granting home owners two consecutive rate cuts. Fri, 29 Aug 2008 02:15:06 GMT http://en.redtram.com/go/149088790/top100/ 31315 | NIB announces buy-back as profit drops http://en.redtram.com/go/149087078/top100/ 149087078 NIB Holdings' annual profit has plummeted 99 per cent following its recent demutalisation and listing, and says it remains positive about its strategic direction and growth prospects. Fri, 29 Aug 2008 02:11:17 GMT http://en.redtram.com/go/149087078/top100/ 31315 | Fears grow of ABC collapse http://en.redtram.com/go/149086951/top100/ 149086951 SPECULATION continues to grow that childcare chain ABC Learning is poised to collapse, but parents have been urged not to panic. Fri, 29 Aug 2008 02:10:52 GMT http://en.redtram.com/go/149086951/top100/