08.21 am, Thursday January 08 2009
Finance
Stronger retail sales may slow rate cutsA surprising rise in retail sales during November could slow the pace of Reserve Bank of Australia's (RBA) cuts to interest rates, an economist says. Babcock 'in negative asset position'Babcock and Brown Ltd <BNB.AX> securities may fall on Thursday after it warned any capital restructure would significantly dilute existing shareholders' equity.
ASX substantial shareholding notices - Jan 8
6 minutes ago, source: REUTERS
Germany plans company financing scheme
13 minutes ago, source: AAP
The $1bn black hole at heart of Satyam's finances
50 minutes ago, source: FT.com
Business hero who crashed and burned
1 hour and 0 minute ago, source: FT.com
Satyam board hailed from heights of business and academia
1 hour and 8 minutes ago, source: FT.com
BP counts the $6bn cost of decline in oil prices
1 hour and 14 minutes ago, source: FT.com
IT sector moves to distance itself from Satyam
1 hour and 21 minutes ago, source: FT.com
NYSE Euronext moves swiftly to suspend Satyam listing
1 hour and 28 minutes ago, source: FT.com

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Business news: most popular articles

 Australia shares seen up on economy optimism
 Australia shares climb 1.4 pct on economy optimism
 Aussie dollar may fall below $0.50 - Morgan Stanley
 US motoring giant GM cuts the Aussie uteStruggling US motoring giant General Motors has axed the Australian-made Pontiac G8 ST sports truck - a vehicle based on the popular Holden ute.
 Britain's last Woolworths store shutsBritish retail institution Woolworths closed the doors on a century of trading as the latest victim of the financial crisis shut down the last of its stores.
 Aussie holds near highs, awaits retail sales dataInflation in the euro countries slumped in December to 1.6 per cent - the lowest in over two years - according to an estimate from EU's Eurostat data agency.
 US service sector improves slightlyA measure of the US services sector has improved slightly in December, but pending home sales and factory orders have both fallen more than expected.
 German tycoon Adolf Merckle commits suicideGerman billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
 Americans haggle at malls amid crisisWith holiday sales shaping up to be the lowest in years, US retailers say bargaining is getting the upper hand.
 Eurozone inflation slumps to 2-year lowInflation in the euro countries slumped in December to 1.6 per cent - the lowest in over two years - according to an estimate from EU's Eurostat data agency.
Market Indices 8 January,2009
08/01/2009 08:17 Sydney, Australia.
Index Value Change
All Ordinaries 3728.2 +0.0
S&amp;P/ASX 200 3779.7 +0.0
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Also in this section:
Market Indices8 January,2009
08/01/2009 08:11 Sydney, Australia.
US Value Change
Dow Jones 8735.61 -279.49
NASDAQ 1595.07 -57.31
UK
FTSE 100? 4507.51 -131.41
Japan
Nikkei 225 9239.24 +158.4
Nikkei 300 181.32 +2.21
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From the Financial Times

The $1bn black hole at heart of Satyam's finances @FT.com
Satyam's chairman admits cooking the books but the spotlight will not be on him alone
Business hero who crashed and burned @FT.com
Considered one of the pioneers of the Indian information technology boom, B Ramalinga Raju, founder of Satyam Computer Services, had been hailed...
Satyam board hailed from heights of business and academia @FT.com
Satyam's independent directors were among the most respected and renowned in India, as they covered key political, academic and corporate roles...
BP counts the $6bn cost of decline in oil prices @FT.com
The fall in oil prices will cost BP about $6bn in pre-tax profit in the fourth quarter of the year compared with the third quarter
Jump in crude supplies drags oil price lower
Oil prices plunged back below $50 a barrel on Wednesday, dragging other commodities lower, after the US government reported a hefty increase in...
IT sector moves to distance itself from Satyam @FT.com
India's information technology outsourcing sector on Wednesday moved quickly to distance itself from the Satyam scandal, saying it was 'a stand-alone...
NYSE Euronext moves swiftly to suspend Satyam listing @FT.com
With the revelation of massive fraud at Satyam, NYSE Euronext on Wednesday suspended Satyam's listing in Amsterdam and in New York
Leaders must act together to solve the crisis
Fragmented responses could yield to policies that run the risk of accelerating rather than ameliorating the crisis, writes Kevin Rudd
$1bn fraud at India IT group @FT.com
B Ramalinga Raju, chairman and chief executive of India's Satyam Computer Services, stepped down after confessing to fixing the company's books...
Gazprom battles to restore reputation
As the dispute between Russia and Ukraine appeared to be edging towards resolution, the cost of the showdown for Russia's state-controlled gas...
Lights are turned off as cold war spreads
The holiday atmosphere ended abruptly in Sofia as Orthodox Christmas lights were switched off to conserve electricity
Cathay Pacific doubles fuel hedging losses @FT.com
Cathay Pacific on Wednesday warned investors that losses arising from contracts it had taken to hedge its future fuel requirements had more than...
Pension systems in Asia at risk, says OECD
Region is 'ill-prepared for the rapid population ageing that will occur over the next two decades', a process more painful than that in the west,...
Satyam accounting fraud @FT.com
A fraud that saw $1bn falsely added to its balance sheet leaves the services group unlikely to survive as an independent company
BAE to enter Indian armed forces venture @FT.com
BAE Systems is to expand its presence in the rapidly growing Indian defence market by setting up a joint venture focused on armoured vehicles
Japan's Aeon cuts earnings outlook @FT.com
Aeon, Japan's second largest retailer, on Wednesday gave the first clear indication of the impact the recession is having on consumer spending...
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