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early 1990s

Bad earnings sounds worse on a Friday

AAP Melbourne Business School senior lecturer in finance Leon Zolotoy says announcing bad financial results on a Friday does greater harm to a company's share price than if the same information was released on any other work day. "Investors have learned that firms report bad news on

Bad earnings sounds much worse on a Friday

Melbourne Business School senior lecturer in finance Leon Zolotoy says announcing bad financial results on a Friday does greater harm to company’s share price than if the same information was released on any other work day. ‘‘Investors have learned that firms report bad news on Fr
idays,

US banks report small profit

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AP The number of US banks considered troubled jumped to more than 700 last quarter even as the industry eked out a small profit, the government said on Tuesday. The 702 banks on the Federal Deposit Insurance Corp's confidential "problem" list are the most since the height of the
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Rudd"s productivity promises worthy but unlikely to produce real change

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T O GET themselves re-elected, governments have to demonstrate they've been working hard to solve the biggest problems facing the country and that they've got big plans for their next term. To this end, Kevin Rudd has been promising to avert the looming slowdown in our rate of economic
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Slow recovery for economy in 2010

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A labour market rebound is also expected to be sluggish. An Access Economics business outlook report released today predicts an improvement in the Australian economy in 2010 and 2011 - with a catch. The recovery will be slower than the aftermaths of the early 1980s and early 1990s
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Credit growth falls to 17-year low as business takes stock

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ANNUAL credit growth slowed to a near 17-year low in November as businesses reduced their debt, economists say. But in the same month, yearly growth for housing loans rose to a 13-month high. Total credit to the private sector by financial intermediaries rose by 0.1 per cent in...
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Indian PM hopes for 7% growth next year

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November 9, 2009 India's economy is expected to expand 6.5 per cent this year despite inadequate monsoon rains that caused agricultural production to dip, Singh told participants in a three-day India Economic Summit organised by the World Economic Forum. "There are clearly signs of...
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Indian PM hopes for 7% growth next year

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November 9, 2009 India's economy is expected to expand 6.5 per cent this year despite inadequate monsoon rains that caused agricultural production to dip, Singh told participants in a three-day India Economic Summit organised by the World Economic Forum. "There are clearly signs of an...
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RBA offical Malcolm Edey warns on business loans | Business Breaking News | News.com.au

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Reserve Bank Assistant Governor of financial system Malcolm Edey also said he was cautiously optimistic about a recovery in financial markets. "The past year has been an extremely challenging time, but Australia's financial system, like the economy itself, has come through it better than..
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US newspaper circulation falling fast, down 10.6%

The decline in US newspaper circulation is accelerating as the industry struggles with defections to the internet and tumbling ad revenue. Figures released on Monday by the Audit Bureau of Circulations show that average daily circulation dropped 10.6 per cent in the April-September

US newspaper circulation falling fast, down 10.6%

The decline in US newspaper circulation is accelerating as the industry struggles with defections to the internet and tumbling ad revenue. Figures released on Monday by the Audit Bureau of Circulations show that average daily circulation dropped 10.6 per cent in the April-September period

Turnbull takes aim at 'philosophy king' Rudd

Opposition Leader Malcolm Turnbull has disputed Prime Minister Kevin Rudd's claim Australia is facing the worst economic crisis since the depression.

New Jacko song leaked online

A new Michael Jackson song titled A Place With No Name has been unveiled on the celebrity news website TMZ.com.

Landscaper encourages green shoots with green thumbs

As the global financial crisis forces businesses to prune their expenses, many apprentices are finding themselves on the scrap heap - so much so that training companies fear there will be a "lost generation of young workers".

Suncorp warns on bad debts

Banker and insurer Suncorp Metway Ltd has maintained its guidance for 2008/09 profit despite warning its bad debts charge for the year could be higher than expected.

Negative equity stops home moves

Falling house prices mean that two million households have either negative equity, or too little equity to finance a house move, lenders have said.

Sydney development shelved as economic crisis bites

A major Sydney development has been put on hold, due to the economic downturn, putting more pressure on the state's rising unemployment levels.