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US government bail out Fannie and FreddieThe US government has taken over mortgage giants Fannie Mae and Freddie Mac to prevent a financial system meltdown from the housing crisis. Tight conditions hit job adsJob ads slumped significantly in August, with the white collar segment hardest hit, according to a recent survey.
RBA 'yet to see evidence' of falling CPI
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OPEC considers cutting oil production
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Firstsource stake put on sale
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Business news: most popular articles

 Tight conditions hit job ads: surveyJob ads slumped significantly in August, with the white collar segment hardest hit, according to a survey.
 Dell plans to 'sell factories worldwide'Dell is planning to sell its factories around the world to contract manufacturers within 18 months in a bid to save more than $US3 billion ($A3.7 billion).
 Exporters happy with falling dollarExporters are cheering the Australian dollar's recent decline, an industry group says.
 Phosphate sea mining simple: BonaparteBonaparte Diamonds Mines aims to be the world's first producer of marine phosphates off Namibia and has shrugged off concerns about ocean mining.
 RBA chief faces timely rate outlook quizReserve Bank of Australia (RBA) Governor Glenn Stevens will make a timely appearance before a parliamentary committee on Monday.
 Reuters-Summit-PREVIEW-Russia faces infrastructure Catch-22The oil market is starting to suffer from oversupply, the Libyan National Oil Corporation (NOC) chairman says, days before a meeting on crude output levels.
 Aussie dollar at 2-yr low vs yen on risk aversionBonaparte Diamonds Mines aims to be the world's first producer of marine phosphates off Namibia and has shrugged off concerns about ocean mining.
 Libya says oil market is oversuppliedThe oil market is starting to suffer from oversupply, the Libyan National Oil Corporation (NOC) chairman says, days before a meeting on crude output levels.
 Ross Greenwood: Lock in more rate cutsThe wall has been breached; the first interest rate cut in seven years is now locked in ... now get set for at least two more.
 Oil prices fall on weak economic outlookCrude oil prices fell further on concerns over slowing energy demand following a dismal report on the US labour market that sparked renewed recession worries.
Market Indices 8 September,2008
08/09/2008 09:41 Sydney, Australia.
Index Value Change
All Ordinaries 4949.5 +0.0
S&P/ASX 200 4877.1 +0.0
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Also in this section:
Market Indices8 September,2008
08/09/2008 09:40 Sydney, Australia.
US Value Change
Dow Jones 11220.96 +32.73
NASDAQ 2255.88 -3.16
UK
FTSE 100? 5240.7 -121.4
Japan
Nikkei 225 12212.23 +0.0
Nikkei 300 240.36 +0.0
View colour key
$A Prices8 September,2008
08/09/2008 09:41 Sydney, Australia.
Currency Value Change
USD 0.827 -0.62%
GBP 0.4641 -0.32%
EUR 0.5767 -0.28%
JPY 89.68 -1.10%
CAD 0.8769 -0.31%
View colour key

From the Financial Times

Firstsource stake put on sale @FT.com
A key stake in one of India's leading business-process outsourcing companies, Firstsource, has been put up for sale – in a move that could trigger...
DMA trading begins to gain ground in Asia @FT.com
Direct market access promises to grow dramatically in Asia and to increase participation from both domestic and overseas investors
Lucite sees offers of $2bn ahead of plant opening @FT.com
The maker of acrylic products from bus shelters to McDonald's arches, Lucite, has received two $2bn-plus takeover approaches from Japan and Saudi...
Lucite sees offers of $2bn prior to plant opening @FT.com
The maker of acrylic products from bus shelters to McDonald's arches, Lucite, has received two $2bn-plus takeover approaches from Japan and Saudi...
China Eastern in merger review @FT.com
China Eastern Airlines has admitted that a merger with smaller rival carrier Shanghai Airlines in eastern China, is being considered.
Manufacturers turn to US
The latest cheap manufacturing site for European companies is not in Asia or eastern Europe but the US, say top executives from some of the continent's...
Nomura eyes overseas stake @FT.com
Lehman Brothers could be in bank's sights with the more than Y200bn it has put aside for investing in western financial institutions
West Bengal eases towards solution to Tata conflict @FT.com
West Bengal's government and opposition were inching towards a solution to a conflict over farmers' land that is threatening to scupper the state's...
Bleak outlook for Tokyo IPO climate @FT.com
Volatile conditions see number of Japanese listings hit 16-year low, leading to a 27% fall in operating profit at the Tokyo Stock Exchange
Concern grows over slowdown in China car market @FT.com
Growth in the Chinese motor market has slowed more rapidly than expected in recent months – and August car sales may have fallen by as much as...
Electric vehicles start to make some inroads @FT.com
The number of battery-powered car users are growing as petrol and diesel prices remain high, but obstacles are stalling the mass defection of consumers...
Australia urged to aim for 10% emissions cut
The country's leading adviser on climate change says the minimum 25% level agreed at a conference last December in Bali is 'not immediately feasible'
Consortium to buy Singapore power @FT.com
The winning bidder led by Japan's Marubeni and France's GDF Suez is set to buy Senoko, one of three local power generators put up for sale by Temasek,...
States feel debt pinch
Bond yields of Portugal, Italy, Greece and Spain widened to record levels against Germany
Poland is cream in the cup for Coffeeheaven
Coffeeheaven has brought the taste of the west to eastern Europe, where founder Richard Worthington believes it has plenty of room to expand
Xstrata buys Indophil stake and blocks management bid @FT.com
Mining group Xstrata bought a large stake in Indophil Resources as it seeks to gain control of one of the world's largest unexploited copper mines
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