Australasian Investment Review (AIR) is a free daily news service with a weekly online magazine covering global financial markets with a focus on Australia, New Zealand and Asia.
Asciano Group securities bounced back yesterday, regaining the ground lost in Tuesday morning's sharp sell off that stripped nearly 60% off the company's value from the share price.
The housing and building slump around the world continues to take its toll on listed players in our neck of the woods.
With the Reserve Bank forecasting a sharp slowdown in our export income from minerals and commodities next year, it's understandable that two major miners, Rio Tinto and Oz Minerals, have revealed plans to curtail output of some products or review other operations.
Chemicals maker Orica Ltd has declared an 11% rise in annual profit, and expects another rise in 2009.
Out market is up 81 points after being up 100 points around 11:30am. Outperforming the 24 point rise predicted by the SFE Futures this morning.
The red warning light is flashing at an increasing pace for the US car industry as Ford, GM and Chrysler burn through the cash and get close to just the fumes left in the bank account.
In the two days after the US elections last Tuesday, Wall Street fell sharply and the Dow lost more than 900 points, or more than 9%, as investors started adjusting to the coming recession.
The tough times for the Australian media continue.
