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And China's economic expansion slows slightly during the third quarter of the year. China's economy grew by 9.1 per cent in the three months to the end of September. Now that's down from 9.5 per cent in the previous quarter. The government's measures
And Eurozone leaders are meeting in Brussels tonight to come up with a strategy to confront Europe's worsening debt crisis. But there's already been a setback with one of the scheduled meetings cancelled. The finance ministers were going to thrash ou
To finance news now, and the US Federal Reserve Chairman Ben Bernanke says the country's economic recovery is close to faltering. Appearing before a congressional committee, Mr Bernanke said he could understand frustration with the slow recovery. Ver
The Italian Senate has approved a $68 billion austerity budget. The four-year package aims to balance the budget by 2014. It passed by 161 votes to 135. The package now moves to the Lower House where its expected to be approved tomorrow. Italy is the
The Australian share market closed about 1 per cent lower with investors concerned about the impact of the strong Australian dollar on trade-exposed industries. The All Ords finished down 53 points, and the ASX200 lost 50. The Australian dollar is st
And big four banks haven't revealed whether they'll pass on their interest rate cut in full. The official cash rate is now three percent and it's the lowest it has been since the peak of the financial crisis back in 2008. ING Direct was the first to
And HSBC has confirmed it's to pay a record fine of 1.9 billion dollars in a settlement over a money laundering. A US senate investigation earlier in the year found the bank had been a conduit for drug kingpins and rogue nations. The bank had been ex
And it's been a rocky year for Fairfax and today's annual general meeting in Melbourne could create even more turbulence. Shareholders are expected to hold a protest vote over the lucrative pay deals given to its bosses. They were paid despite the fa
Now lets move to finance. The chairman of the U.S. Federal Reserve says Americas economic recovery is being held back by Europes debt crisis. And Ben Bernanke has told a congressional hearing that the U.S. economy has slowed significantly in recent m
International Fund has suddently upgraded its grow forecast for the global economy.It's now predicating 3.5% this year,up 0.25% on its earlier forecast. Its predication for Australia is in line with the government projection of 3% growth this year.Bu
And Germany has recorded a slower unemployment rate in 20 years. The jobless rate in December fell to 6.8 percent, that's down slightly from the 6.9 percent recorded in November. The number of people unemployed in Germany during 2011 topped more than
Crude Oil Prices Surge despite OPEC Production Boost World oil prices have surged to record highs, even as the Organization of Petroleum Exporting Countries announced a boost in production. For the fi
Good morning. The US Federal Reserve has kicked off its two-day meeting where theyll decide whether to raise US interest rates for the first time in seven years. Now, as this meeting gets underway, the US Labor Department released its call Consumer P
Theres the evidence the housing market is losing steam with growth in capital city home prices easing in 2014. The Call Logic RP Data home value index shows capital city home values grow by 0.9% in December to take the annual increase to 7.9% while S
To finance.And growing expectations of a military strike against Syria have sent oil prices higher. West Texas Crude jumped to 109 US dollars a barrel. This is the highest this year. Singapores Tapis Crude rose to a six months high of 121 US dollars
Good morning, everyone. The Brazilian mining company Samarco which is jointly owned by BHP Billiton and Valley since two of its dams that it uses to hold waste water from iron ore production are damaged and could also collapse. Now one of the company
There is a bank says a flexible labor market and growth in the service sector is helping save jobs. The bank assistant governor Christopher Ken says a combination of falling immigration slow away just growth and the shift towards the service sector i
Since the April 20 explosion and fire that sank the BP Deepwater Horizon off-shore oil rig, about 800,000 liters of crude oil a day have been spewing from the broken well into the Gulf of Mexico. The massive spill is threatening marine life, commerci
Indonesia is considering leaving the Organization of Petroleum Exporting Countries, because of the country's declining crude oil output. 印度尼西亚正在考虑退出石油输出国组织,因为它拒绝该组织提出的限制原油产量的规定
The British bank Barclays has announced it's cutting more than 3,500 jobs in an effort to cut costs. Almost half of the jobs will come at its investment bank. The vast majority of cuts are in Asia. Ninety-hundred jobs will come from its European reta