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Low Doc Loans – Are They Gone Forever?
1pointsBanks scrambled to limit their exposure to small business borrowers by changing the rules on their low doc loans.
Register a company - online!
1pointsTo register a Pty Ltd company could not be easier. The whole company registration process takes about 20 mins and is done fully online.
500 jobs axed as crisis hurts Qantas profits
1pointsQantas has announced it will axe 500 management positions and up to 1,250 equivalent full-time positions will be affected because of the global financial crisis.
Serviced Office in Perth with Supportive Community
1pointsSummary: My HeadQuarters (myhq) reinvents the “serviced office” by providing business mentoring and networking opportunities on top of office and seminar facilities in a two-storey, 450 sqm designer space located in the northeast fringe of Perth.
Seven boss sells shares
1pointsTHE Seven Network's television boss, David Leckie, has sold nearly his entire holding of shares in the group - worth more than $18million at yesterday's levels - with all the proceeds used to pay off loans he took to buy the shares.
Mortgage relief for jobless
1pointsHOME loan customers of regional banks and non-bank lenders could be short-term losers from the federal Government's announcement of a banking industry assistance package for households facing financial hardship.
The unpredictable fate of world's economy
1pointsAfter a terrible Tuesday, markets never really recovered last week. After rallying into Treasury Secretary Geithner’s speech on Tuesday, US markets unwound in spectacular fashion. It appears to have been a case of markets expecting.......
Australian share market rises with resources
1pointsTHE resources sector boosted the stock market today, which rose after small gains on Wall Street on Friday. Higher commodity prices also helped the rise in the Australian share market after the opening bell.
The Formula That Killed Wall Street
1pointsFor five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex risks to be modeled with more ease and accuracy than ever before.
Fairfax signals cuts and mergers
1pointsFAIRFAX Media has pointed to further job cuts and mergers of newspaper sections across the group as it battles a crumbling classified advertising market and a struggling broader economy.
US stocks extend slide
1pointsWall Street shares plunged to their lowest close in nearly 12 years, on investor disappointment with the latest plan to prop up the ailing US banking system.
Fairfax First-Half Loss A$365.3 M on Writedown
1pointsFairfax Media Ltd., Australia’s second-largest newspaper owner, had its first half-year loss in at least six years after writing down the value of newspapers and media licenses.
Shares stay in positive territory
1pointsThe Australian share market had moved into positive territory by noon, buoyed by better-than-expected corporate earnings and brushing off mixed offshore leads.
The case for doing nothing
1pointsDissident US economists are making a case for the government to do nothing and let the economy sort itself out.
Catching the 'bounce back'? Superannuations Tank
1pointsA bit dated, but still relent article on the singing finance market and it's affect on our investments, and superannuation.
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